Government stealing our homeowner's equity when re-financing with FHA
As of October 1, 2008 the new mortgage bail-out went into effect, while this new law will save a few homeowners from foreclosure. This come with a price tag starting at 90%-50% of your home equity. As African-American this will hit us the hardest.
Another bad side to this, you can only own one property no investment property is allow if you need or want to be bail-out. I will bring you up-dates as I get them.
Another bad side to this, you can only own one property no investment property is allow if you need or want to be bail-out. I will bring you up-dates as I get them.
Thank you for info, this is so needed for us be educated about when it come to knowing what laws are in effect for homeowners and Govenment is doing for us.