FHA loans were largrely abandoned from about 1999-2007. They have made a big comeback and now account for a large part of the mortgage market, especially for first time buyers.
Here’s a good summary of how FHA loans work.
FHA loans were largrely abandoned from about 1999-2007. They have made a big comeback and now account for a large part of the mortgage market, especially for first time buyers.
Here’s a good summary of how FHA loans work.
Foreclosures used to be rare.
Not any more. They’re everywhere.
This site explains the IL foreclosure process.