What's the Story with FHA?

Posted on Apr 10, 2013 in FHA Information

Question by careful grl: What is the HAFA program for short sales and why is it called “Cash For Walkers”?
Is it true the government is actually paying people to walk away from their mortgage or do a short sale to get out of their home? Is it a good idea and will it work? Thanks!

Best answer:

Answer by My Take on It
They are not paying individuals
I believe they are paying the banks to shorten the process of short sales.

What do you think? Answer below!
What's the Story with FHA?
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Veterans With FHA Loans How To Get Rid of The Mortgage Insurance
A colleague of mine passed on this great tip on how veterans that currently have an FHA loan can refinance to a VA mortgage and save the cost of the mortgage insurance they are paying. If you have an FHA loan then you are paying a mortgage insurance …
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