I’d say the government is attempting their best to keep people from walking, at least for a while. For example, so many people jumping on board for that measely 8k credit (I’ve even considered it) but you have to be in the home for 3 years. Otherwise, I guess you have to pay the gov 8k back, maybe w/interest? Don’t know. And as mentioned on another thread, maybe they’ll waive paying it back. Who knows what they’ll think up down the road. But they are trying to keep you in the home any way they can for as long as they can. That is a very good point about FHA. Does anyone know if it is recourse? That would be something very important to know.
