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rperry101 · 10-01-2008, 09:29 AM

The alternative for most people who qualify for this loan guarantee is to be foreclosed out of their property and try to find an affordable rental. In many states they'll end up owing a large deficiency balance to the mortgage company. Faced with that alternative I'll gladly partner up with FHA and take a hit on my equity.

10-01-2008, 09:29 AM	#11 (permalink)
rperry101 Member Join Date: Sep 2008 Posts: 7 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: WHOA!!! Is this right?? The alternative for most people who qualify for this loan guarantee is to be foreclosed out of their property and try to find an affordable rental. In many states they'll end up owing a large deficiency balance to the mortgage company. Faced with that alternative I'll gladly partner up with FHA and take a hit on my equity. Last edited by rperry101; 10-01-2008 at 09:31 AM.. Reason: insert word