Posted on: 11th Oct, 2010 07:38 pm
I have a fixed rate FHA loan that I am no longer able to pay on due to loss of job and health issues. Having this home and not being able to keep up with the payments is causing more stress to my health. Vanderbilt mortgage said that I cant do Voluntary reposession because I have a goverment loan. Is that true?
Well... I haven't heard of any such law which states that voluntary repossession is not allowed on a FHA loan. You may ask the lender to provide your statutes recording this law.