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HUD No. 08-082 Temporary Exemption on 90-day Waiting Period |
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Monday, 16 June 2008 |
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The U.S. Department of Housing and Urban Development has temporarily amended its regulations for mortgages endorsed by the Federal Housing Administration. As discussed in the below article from CNNMoney. this newly-introduced temporary policy will now extend government-backed mortgage insurance and allow for the immediate sale of vacant foreclosed properties by no longer requiring a 90 day waiting period.
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