Source: http://stlhba.hbablog.com/2012/07/19/fha-readies-sale-of-9000-delinquent-mortgages/
Sunday, July 22, 2012
FHA readies sale of 9,000 delinquent mortgages
The Federal Housing Administration began qualifying investors to bid on 9,000 delinquent loans. Roughly 3,5000 of the mortgages underlie properties in Chicago, Phoenix, Tampa and Newark, N.J., according to details on the loan pool released Wednesday. Investors buying these loans can only push half of them through foreclosure and resell the homes as REO. Read [...]
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