FHA Confirmed Unique Post-foreclosure Sales Period for Owner-occupant Buyers

By:
In: Refinance News

Warning: Undefined variable $custom_content in /home4/comcompare/public_html/mortgagenews/wp-content/plugins/code-snippets/php/snippet-ops.php(582) : eval()'d code on line 10

As per the recent Mortgagee Letter, the FHA laid out a selective Post-Foreclosure Sales period for specific owner-occupant buyers, HUD-endorsed Non-profits, and governmental elements.  Albeit the provisions of the Mortgagee Letter might be executed right away, the provisions should beContinue Reading

Foreclosure Situation Not Expected To Be As Bad As During The Recession Period

By:
In: Mortgage News

Warning: Undefined variable $custom_content in /home4/comcompare/public_html/mortgagenews/wp-content/plugins/code-snippets/php/snippet-ops.php(582) : eval()'d code on line 10

The pandemic led to recession-induced low-interest rates, and eager homebuyers setting off the housing market boom. The median price also rose up to 24% since the onset of the COVID – 19. On 31st July, the foreclosure moratorium, which preventsContinue Reading