Maralee Grantham's Blog

Wednesday, March 3, 2010

Short Sale imminent? Gov. assures FHA loan on next home

Anyone who is facing a short sale, if possible, keep your mortgage payments current and you are assured of receiving an FHA insured loan on your next home. There are more details, such as your home's sale must pay off your present mortgage...

Here is link to find out more detail about the government insured loan program: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/09-52ml.pdf

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