If I settle with Wells Fargo on a FHA Loan, can FHA still sue me? - Mortgagefit

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If I settle with Wells Fargo on a FHA Loan, can FHA still sue me?

I have an FHA loan on a house that I've been forced to abandon. I went through loan modification and then the short sale process...to no avail. I am looking at "settling" with the attorneys for a Wells Fargo stipulating that Wells Fargo will NOT seek a deficiency judgment. But...can FHA still sue for the deficiency? the house will never bring as much as they say I owe at auction.

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Anonymous's picture

Anonymous (not verified)
14-07-2015

1 Answers

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You can go ahead with the deal with Wells Fargo but you should get all the terms and conditions of the settlement in written and signed by their concerned officials.

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Caron | Asked on 2015-07-15

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