Jul
14
Homeowners struggling to save their homes from foreclosure might have an easier time getting a helping hand from the Federal Housing Administration starting Monday.
Plans to relax FHA-Secure guidelines would expand eligibility standards to include borrowers with adjustable rate mortgages who were late on two monthly mortgage payments in the past 12 months, even if they were consecutive. Those who were late on three mortgage payments in 12 months are also eligible for help but they must meet loan-to-value ratios different from those who only missed two payments.
Tags: Federal Housing Administration News for Florida Real Es, Florida Real Estate News, Sarasota Florida Real Estate News
