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CEMA and FHA

Started by FHAbuyer
about 14 years ago
Posts: 1
Member since: May 2011
Discussion about
We have a commitment letter from Wells for a FHA loan on a condo we want to buy and are working with our trusted mortgage broker. However, he believes that FHA does not allow assumption of the loan in order for the sponsor to avoid paying SEMA taxes. Please help!! Thanks
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