Fleysher Law Blog

Bankruptcy, Loan Modification, Short Sale, Foreclosure Attorney

FHA Mortgage Applicants with Recent Foreclosures Offered a Pass

The Federal Housing Administration has instituted a new program called “Back-To-Work-Extenuating Circumstances” to assist potential borrowers who faced financial hardship during the recession. This program, which began August 15th, 2013 provides a second chance for mortgage applicants who have experienced financial hardship such as unemployment or a severe reduction in income beyond the borrower’s control. This program is designed to assist borrowers with a recent history of foreclosure, judgment, short

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