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Wow..disappointed that no one replied. I was hoping that someone may have some insight about this.
I just wanted to know if, when my house is auctioned, am I responsible for the deficiency or does the FHA insurance pick that up.
Anyone?...
Have a blessed day.
FHA Insurance Question
What is the name of your state? LA
My home is scheduled for auction. I called the national HUD office and was told that since I have FHA insurance, I am not liable for balance owed once the house is taken over/auctioned. Is this so?
I was told by several people that if...
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