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FHA Guidelines- MORTGAGEE LETTER 2008-43

  [caption id="attachment_5471" align="aligncenter" width="500" caption="FHA Home ownership Rules After FHA Short Sale"][/caption] Following FHA's Short Sale Program allows homeowners to purchase immediately after a short sale.  Read the FHA Short Sale Guidelines and FHA repurchase program that affects short sales on All HUD Properties. December 24, 2008                                                                Mortgagee Letter 2008-43   TO:                             ALL HUD-APPROVED MORTGAGEES   ATTENTION:           Single Family Servicing Managers   SUBJECT:                             Pre-Foreclosure Sale (PFS) Program - Utilizing the PFS Loss Mitigation Option to Assist Families Facing Foreclosure     High foreclosure rates continue to have devastating effects on families and neighborhoods. The Federal Housing Administration (FHA) remains committed to taking actions to help families avoid foreclosure.  Since being introduced as a national program in 1994[1], the PFS Program has helped thousands of mortgagors in default to avoid foreclosure and...

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