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Vacating a Jointly Owned Property- Quick FHA Fact

If you are vacating a residence that will remain occupied by the co-borrower, he/she is required to obtain a NEW FHA mortgage loan.

Acceptable situations are:

1.) Instances of divorce, after which the vacating spouse will buy a new home, or
2.) One of the co-borrowers  will vacate the existing property

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    This entry was posted on Friday, September 11th, 2009 at 7:45 am and is filed under Texas Mortgage Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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