FHA loans could face "tidal wave of defaults"

FHA loans could face "tidal wave of defaults"

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Habitat for Humanity home on verge of foreclosure

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Despite lending a helping hand, Habitat for Humanity homes are not free. And even with help provided, the nonprofit’s homes can land in foreclosure.

The TV news station WJHG has more on this:

"Habitat is a hand up, not a hand out,” explained Jackson County Habitat for Humanity Director, Leslie Fuqua. “We sell our home at a 0% interest loan with no profit to us. It's just [the money] we have [spent to build] the house- that's what we sell it to our homeowner for.”

"We've been building houses for 25 years and this is the second time we've had to foreclose on one of our homes. This is our 49th home,” she added. 

Source: WJHG
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