Mark Lentz Real estate serving Tamarac FL
  1. Mark Lentz
  2. Complete Real Estate Options
  3. Guiding You Through The Real Estate Maze
  4. Office: 954.300.5633
  5. marklentz@completereo.net

What Are The Qualifications For A Government Short Sale Program?

 

As we explained in “Do I qualify to complete a short sale” you have two meet two criteria’s in order to sell your home “short”. The first is that you have to have a hardship; the second is that you have to owe more than your house is worth.

 

In order to use the MHA short sale program there are several other qualifications you have to meet.

 

They are:

 

  • You cannot have purchased a new house (or re-sale) within the past 12 months
  • Your first mortgage is less than $729,750.00
  • You obtained your current mortgage on or before January 1, 2009
  • You must not have been convicted within the last 10 years of felony larceny, theft, fraud, forgery, money laundering or tax evasion in connection with a mortgage or real estate transaction.

 

If you have any other questions please contact us.

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