To be able to help some distressed borrowers from potentially saving their homes, the U.S. Department of Housing and Urban Development has started to sell thousands of delinquent mortgages that are insured by the Federal Housing Administration. There is a major concern that is raising questions about fairness as this leaves thousands of distressed FHA borrowers without any help. Read the InmanNews article HUD stepping up sales of seriously delinquent FHA loans for more information.
HUD Is Trying to Help Distressed Borrowers