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Real Estate & Property Law

: Housing Wire

HUD Limits FHA Mortgages after Short Sales

By JON PRIOR

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The Department of Housing and Urban Development (HUD) released a letter to lenders regarding borrower eligibility for a new Federal Housing Administration (FHA) mortgage after pursuing a short sale. According to the letter (available to download here) and effective immediately, borrowers are not eligible for a new FHA mortgage if they pursued a short sale agreement [...]

Full post as published by Housing Wire on December 18, 2009 (boomark / email).

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