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Loan Modification

: The Truth About Mortgage.com

Homes Owned Less than 90 Days Soon to be Eligible for FHA Financing

By scot184

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Soon it will be easier to finance foreclosed properties with FHA loans. HUD Secretary Shaun Donovan announced today that FHA financing will be permitted on homes owned by sellers for less than 90 days in a bid to stabilize home prices and accelerate the sale of vacant properties. The agency currently prohibits insuring a mortgage on a [...]

Full post as published by The Truth About Mortgage.com on January 15, 2010 (boomark / email).

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