3 ms·
For FHA it appears all costs resulting from foreclosure are reimbursed except perhaps these, by forclosure expenses I think they mean legal fees, not the mortga
by staticman2 4y ago
For FHA it appears all costs resulting from foreclosure are reimbursed except perhaps these, by forclosure expenses I think they mean legal fees, not the mortgage itself:
"The FHA reimburses only about two thirds of foreclosure expenses, interest is not reimbursed for the first two missed payments, and interest is reimbursed at the HUD debenture rate for subsequent missed payments."
More info is at this article:
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.urban.org/sites/default/files/publication/22776/413182-VA-Loans-Outperform-FHA-Loans-Why-And-What-Can-We-Learn-.PDF&ved=2ahUKEwjh7u_H69b7AhUcFFkFHfgYBVA4ChAWegQIHhAB&usg=AOvVaw2eAS-6pjCZWT5jx5oQyXSR https://www.google.com/url?sa=t&source=web&rct=j&url=https:/...