If a borrower executes a small sale while in default on their mortgage would not be eligible for a FHA -insured mortgage for three years from the date of the pre- foreclosure sale.
Read the original here:
HUD Limits FHA Mortgages after Small Sales : HousingWire …
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Tags: borrower-executes, default-on-their, FHA, FHA Foreclosure, HUD, make-exceptions, mortgage, new-program, short sale, their-mortgage
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