Felicia,

You should be just fine, then. Now you need to find a proven short sale expert to facilitate the sale and process for you. Again, I would appreciate having a discussion with you about this.

Thank you, and enjoy your evening.

Derek Bauer, Associate Broker / Realtor
Real Estate One

We did purchase a foreclosed home and got FHA financing. I have the paperwork at home, but I don't remember such a clause. Our bank is actually selling our mortgage so I won't know who to deal with until they send us the notification. Thank you for all of this information.

Felicia,

As long as you didn't purchase a property upon which deed restrictions were placed (i.e. a bank preventing a buy and flip), you should be able to sell.

Make sure you align yourself with a solid short shale expert. I would appreciate the opportunity to interview with you for the job, as I am a Certified Distressed Property Expert and approximately 40% of our business is short sales.

Feel free to read more below...

Hi Felicia,

If you purchased the home as a foreclosure or short sale, there may be a waiting period. Best to get a legal opinion on that. As far as you doing a short sale, you need to have a "hardship." A divorce would certainly qualify you for this. You need a good real-estate attorney. Let me recommend Chris Sevick. You can find his name and contact info on my website (look under the 'Team Member' tab). He is a former realtor, a real-estate attorney and a virtual short sale expert. He has many systems in place to help you. . . and if I can be of help, please don't hesitate to ask.