Homebuyer Protection Plan

Homebuyer Protection Plan

A plan purporting to protect FHA homebuyers against property defects.

But it doesn't. See FHA/FHA and House Quality.

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References in periodicals archive ?
Brookside's Homebuyer Protection Plan will pay up to $1,000 per month for six months.
Brookside Home's Homebuyer Protection Plan is not an insurance program nor is it covered by mortgage insurance.
LaVoy, Acting Director of HUD's Real Estate Assessment Center, the Department is in the process of re-engineering the Single Family FHA appraisal process to facilitate implementation of the Homebuyer Protection Plan, launched in June 1998 by Secretary Andrew Cuomo.