FHA has changed their mortgage insurance premiums which will start with cases ordered on October 4, 2010. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
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A short sale scenario occurs prior to a property going into foreclosure, and is sometimes a more viable option as it may be more economically beneficial to sell the property for a minor loss rather than going into the foreclosure process. A short sale can occur even if Notice of Default has not been recorded. Originally published at https://realtyevolved.net.