A procedure in which a lender allows a mortgagor to avoid foreclosure by selling the property for less than outstanding balance of the loan.
Related information about preforeclosure sale:
- Preforeclosure Sale Frequently Asked Questions - HUD
The Preforeclosure Sale (PFS) Program allows the Borrower in default to sell his/ her home and use the Net Sale Proceeds to satisfy the mortgage debt even ...
- Preforeclosure Sales Program - HUD
PREFORECLOSURE SALES PROGRAM. The Preforeclosure Sale Program allows a Mortgagor in default to sell his or her home and use the sales proceeds to ...
- PREFORECLOSURE SALES PROGRAM - HUD
Jun 22, 2011 ... The Preforeclosure Sale Program allows a Borrower in default to sell his or her home and use the sales proceeds to satisfy the mortgage debt, ...
- What is preforeclosure sale? definition and meaning
Definition of preforeclosure sale: A procedure in which a lender allows a mortgagor to avoid foreclosure by selling the property for less than outstanding balance ...
- U.S. Department of Housing and Urban Development - HUD OIG
Sep 18, 2012 ... FHA's Preforeclosure Sale Program allows borrowers in default (resulting ... this audit, we focused on the 16,976 preforeclosure sale claims ...
- Short Payoffs and Make-whole Preforeclosure Sales - Freddie Mac
Preforeclosure Sale……………………………………………...……….20. ▫ How to Execute Short ... short payoff or make-whole preforeclosure sale. ▫ Be able to ...
- FHA Pre-Foreclosure Sale Quick Reference Guide - Agent Resource ...
Discuss FHA Preforeclosure Sale. Program (“short ... The Federal Housing Administration (FHA) Preforeclosure Sale Program (“short sale”) is different from the ...
- Preforeclosure Sale - Louisville Short Sale Expert: Helping You ...
Oct 16, 2011 ... HUD/FHA Short Sale: Homeowner Wants to Stay Current, HUD Says “NO! You Must Default!” By David Halpern, Louisville Short Sale Expert, ...