Secrets of Down Payment Assistance

Steve Cook

Secrets of Down Payment Assistance

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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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