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In a reverse mortgage short sale transaction. Does the home have to sell at the full appraisal value? Contract price $260K App 270

by jlabbamonte664 from Belmar, New Jersey. Jan 12th 2016 Reply


Larry Gray (lgray_312_247)
#596 ranked lender in California - 1,139 contributions

It appears this questioned got answered per your revised question with more detail;"usually 95%."

Jan 12th 2016
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William J Acres (William_Acres)
#75 ranked lender in Arizona - 8,728 contributions

HUD/FHA has the final say, but the guideline is a minimum of 95%.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Jan 12th 2016
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