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Bill Revives Seller-Funded DAPs
Seller-funded downpayment assistance, tagged as a scam by federal housing regulators and the Internal Revenue Service, is trying to make a comeback. Legislation introduced last year Rep. Al Green, D-TX, would revive the program, which was statutorily banned in 2008. HUD attributed part of its huge losses to FHA loans with seller-assisted downpayments...
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