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Also for clarity...not sure if I mentioned she was told by the rep that any CAPITAL improvements would be appraised and the value would be deducted from the 42000. Hence the reason we figured it would be best to do some improvements. Does that still mean the loan should be improvement amount...
Yes it's exactly what they did. First shesigned the agreement for the subsidy 3 years after the original loan. I'm guessing She didn't understand it. But yes they have calculated the amount to be $42,000 that will need to be recaptured. This was a small 3br 3bth home built in 1987. It broke her...
My mom paid off her home loan in South Carolina with the USDA. However after final payment She received a letter starting her home loan was subsidized and if she wanted a clear general warranty deed ( not sure if the name is correct but basically a deed with out a lien) she will need to pay the...
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