The Long and Short of Short Sales: Better Details Needed for FHA’s Back to Work Program and Conventional “Extenuating Circumstances” Better Details Needed for FHA Back to Work & conventional loan extenuating Circumstances By Pam Marron For past short sellers who have gone through the loss of a home and are eligible to. Read more
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(2)(a)1. Every mortgage in which the final payment or the principal balance due and payable upon maturity is greater than twice the amount of the regular monthly or periodic payment of the mortgage shall be deemed a balloon mortgage; and, except as provided in subparagraph 2., there shall be printed or clearly stamped on such mortgage a legend in substantially the following form:
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