Steve Cook |
Secrets of Down Payment AssistanceArticle |
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Steve Cook is managing editor of Real Estate Economy Watch. Email: [email protected] |
Seller-financed down payment assistance came under fire three years ago for causing a flood of bad Federal Housing Administration loans that ended up costing the taxpayers $14 billion. Then-Federal Housing Commissioner Brian Montgomery led a successful campaign to ban seller-financed down payment assistance practice from FHA loan programs. | |
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