THe much anticpated Hope For Homewowners Act will become an FHA foreclosure refinance reality soon. The text of the FHA Housing Bill called Hope For Homeonwers can be read here. It remains to be seen whether the servcing lener will chose a loan modification over the new FHA foreclosure refinance.
We will be posting more on FHA's new Foreclosure avoidance refinance and the general guidelines for FHA Hope Fore Homeowners can be viewed at your liesure.
FHA Hope For Homeowners will hopefully provide some hope for homeownership.
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