Tag Archives: hud

HUD Shares Plans for New Reverse Mortgage Option

The following is a press release from the credit or debt world. The publication of this release by this site is not an endorsement of the release. WASHINGTON, Aug. 27 /PRNewswire-USNewswire/ — The Federal Housing Administration (FHA) announced today that it intends to make modifications to its Home Equity Conversion Mortgage (HECM) product, a reverse [...]

Can I Rent Out Some Rooms in My New Home With an FHA Mortgage? – JJ

“Dear Steve, Purchased home under an FHA loan. Will be inspected to see if I am a primary resident in a month and a half. If this is my primary residence, am I also allowed to rent out a couple of the rooms? JJ” The Answer:   Dear JJ, Well you want to be very [...]

Jason Has Not Paid His Mortgage in 10 Months And Wants to Keep His House

“Dear Steve, I fell behind on my mortgage payments then I stop paying my mortgage payments and let things get worse. I fell behind in my mortgage and then gave up and stop paying it. I’ve been in foreclosure for about ten or more months. In a few weeks there will be a court case [...]