A new FHA mortgagee letter has come out look it up. 09-52. It states that if for reasons out of your control you had to short sell your home and kept current on all payments inc your mortgage but did a short sale you can re buy a new to you property using FHA. This is huge news for all the people who had no choice but maintained their payments.
This is a sign that the big shots who get to sit around and play masters of the universe have decided to cut a little slack to some consumers out there.
if you need more information and the mortgagee letter is vague at best, contact me and ill give you my and others interpretation on the letter.
Other news ... My xmas was fun. We had family and kids and a good time was had by all. We are excited for what the new year will hold.
Heres to all of you and hoping you have a greta new years eve and a great new year.
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