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Homes "unaffordable" in 99% of nation for average American (www.cbsnews.com)

submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] mke_geek@lemm.ee 1 points 1 year ago

Houses with issues might not be able to be financed by a mortgage. So a company/individuals will fix the issues, then resell the house to someone who can now get an FHA loan for it.

FHA loans have strict requirements on the condition of the house in order to give funding.

If someone does work on the house, they should get paid for their efforts.