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Thanks for your honesty and candor. As far as the FHA Secure Loan is concerned, you have to be delinquent and it has to be a result of the reset of your loan.

Appraisers have to use recent sales comps of similar homes regardless of what causes the sale. This is causing 'everyones" homes to go down in value right now.

__________________
Moe Bedard
Founder

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11-17-2007, 03:08 PM	#31 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: FHA Secure Thanks for your honesty and candor. As far as the FHA Secure Loan is concerned, you have to be delinquent and it has to be a result of the reset of your loan. Appraisers have to use recent sales comps of similar homes regardless of what causes the sale. This is causing 'everyones" homes to go down in value right now. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.