HUD Extends Help To Troubled Borrowers by Peter G. Miller December 30th, 2008 What should you do if you have an FHA loan and face foreclosure? HUD has come out with a new letter for lenders which explains how to handle situations where a property owner cannot make their payments. The Pre-Foreclosure Sale (PFS) option, says HUD, allows mortgagors in default (resulting from an adverse and unavoidable financial situation) to sell their home at FMV and use the sale proceeds to satisfy the m
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Tuesday, January 13, 2009
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