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FHA Has Withdrawn Debt Rule That Has Caused Delayed Closings

By Mike in with 0 Comments

According to DS News and the article FHA Dropping $1,000 Debt Rule that Would Have Delayed Closing the credit-dispute rule that FHA used could in most cases delay a closing for up to 3 months. Now, the rule has been withdrawn giving potential buyers who would want to take out an FHA-insured loan more doable.