How Do You Stop An FHA Foreclosure?
According to the Federal Deposit Insurance Commission (FDIC), one child in every American classroom is at risk of losing his home because parents are struggling with foreclosure. An FHA loan is a loan that is insured by the Federal Housing Administration. These loans make it easier for borrowers to own a home, with lower down payment requirements. However, facing foreclosure on an FHA home loan can be stressful. Fortunately, federal, local and bank programs can help families catch up on missed payments and steer clear of foreclosure.
