Short-Payoff's are FHA Insured

The Department of Housing and Urban Development (HUD) has just released new standards that will affect millions of Americans. The FHA will insure the first mortgage where existing note holder(s) write off amount of indebtedness that cannot be refinanced into a new mortgage due to a decline in property value and or reduction in income or if there is insufficient equity in the home based on its current appraised value. This is not to be confused with a Loan Modification.

These changes can help millions of Americans overcome the hardship of negative equity. Contact me if for more information!

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