"Our lenders must engage in loss mitigation efforts to help people stay in their homes, help to stabilize neighborhoods and prevent losses to FHA's Insurance Fund."

As another person stated, there's just not enough information about the scenario and the individual needs of the borrower to determine if an interest only loan is appropriate.There is no restriction on an interest only loan preventing a borrower from making principal reduction payments.

As others have mentioned, I'm not aware of a specific law that prevents you to send letters to people if its a generic message.What are you using for a phone number?

This helps us prevent problems down the road.

I have a lot of experience in the default prevention space.

High utility costs (preventing tenant retention or direct impacts if included in rent) on big/old properties.

I explained there isn't much of anything I can do as I can't prevent the upstairs tenants from reasonable use of thier apartment.

This prevents puffing costs by the lender or never performing said services or engaging anyone and taking the money.First is find out if this person holds a license.

You have a story to tell and unless there is much more to this story, I can't imagine this preventing you from getting a loan as long as you are ready and willing to put 20%-25% down on the duplex.Your rate will be higher sure, but you can refinance in a few years as your credit continues to improve.Mistakes happen.

Making sure I'm keeping a good tenant happy (and renewing) is just as important as preventing misuse of the property.