Question:

What if the debt is way over the current value of the property

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my father just passed away and both he and my mother owe a lot more on the mortgage. the value of the property has gone way down and the mortgage payment has doubled. I'm not a home owner and i'm clueless as to what to do. will my mother be homeless?

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  1. FHA has new loan program to try to prevent foreclosures. She should look into that.  She may need co-signer, help with payments.

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