3) Borrowers ARE eligible for new FHA financing if they had 0×30 on the mortgage in the last 12 months AND the proceeds from the small sale serve as payment in full. 4) Borrowers whose mortgage was in pre- foreclosure status at the time …
Continued here:
FHA & SMALL SALES
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Tags: borrowers, fannie, FHA, FHA Foreclosure, home loans, HUD, loans-word, personal finance, renting-the-solution, serve-as-payment, short sale, the-proceeds, the-time
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