News: "Federal Housing Administration Eases Foreclosures Rules For Unemployed"

The Denver Post reports that the Federal Housing Administration will be lower regulation on foreclosed homes for people who are unemployed.  The FHA, starting on August 1st, will be extending the period for unemployed homeowners to miss mortgage payments to a full a FULL year from the previous 3-4 months. 

This does not mean that people do not have to pay their mortgage, it is instead a delayed foreclosure process to give unemployed people more time to find a job and make money to pay off their mortgages and keep their home.


For the entire article read HERE!