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After loads deliberation and preparation, right this moment I lastly launched my Patreon account – the first potential means for readers and viewers to help my on-line work as a result of it began virtually a decade in the past. I acquired to spend some time this week at Toni Moss’ Americatalyst event with Ted Tozer, President of Ginnie Mae throughout the Obama years. I all the time learn stuff after I spend time with Ted, and on this case, what I discovered was somewhat scary-that for FHA to make an insurance protection payout to a lender, the property that’s foreclosed upon ought to be conveyable. Which is to say, if an FHA mortgage is foreclosed upon by a lender, earlier than the lender receives compensation for its losses, it wants to make sure a home will probably be bought. A house ruined by a hurricane is just not conveyable.

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