"My company works with short sales. Many lenders are instructing appraisers not to use absentee owner properties and REO's as comparables even if they are an exact match in an area where the market is driven by foreclosures and short sales. Foreclosure Radar help correct this deceptive practice...
- Joe Vera, CA
Comments
If getting an FHA loan, it doesn't matter who the seller is, the 90 days rule applies to the loan not the seller. I believe the rule applies to any government guaranteed loan. Talk to your local lender for current rules.
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