FHA mortgage foreclosure actions are on the rise, even for loans that have been modified. Although the FHA has modified some loans to reduce the monthly payments, about half of the modified loans are in default, leading to a jump in foreclosures.
Regional Housing Legal Services
FHA mortgage foreclosure actions are on the rise, even for loans that have been modified. Although the FHA has modified some loans to reduce the monthly payments, about half of the modified loans are in default, leading to a jump in foreclosures.