fha homes: Help For FHA Homeowners.....FINALLY!!!!!!! - 04/14/10 10:08 AM
Well, it's Springtime again and the season is filled with new beginnings!!!!
New flowers are springing to life and so is a new program benefitting those homeowners who are facing a hardship and have FHA mortgages.
 
The FHA Pre-Foreclosure Sales Program provides help for homeowners who have experienced a verifiable hardship that has forced them to fall behind on their mortgage payments. The program allows a Mortgagor in default to sell his home and use the sales proceeds to satisfy the existing mortgage note (even if the net proceeds are less than the balance on the existing mortgage note).
 
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