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Forfeiture of FHA Loan for a Condo.

  • Thread starter Thread starter KelleyM
  • Start date Start date

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K

KelleyM

Guest
I live in Washington state with my live in boyfriend. We purchased a condo. together, with an FHA loan, now I am wishing to move out. How do I go about getting off the loan? Will there be any penalties assesed for breaking a contract only after having it for 6 months?
 
Last edited:


H

HomeGuru

Senior Member
It is not that simple.
You must sell the property or have someone else refinance the loan to take you off.
 
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