So far, bargain hunters aren't biting.19 (Bloomberg) -- Bankrupt Lehman Brothers Holdings Inc. and government-seized American International Group Inc. Sept. top the list of distressed sellers seeking buyers for at least $1 trillion of assets. The good thing about FHA mortgages is that almost anyone can get it. So if you have a satisfactory credit record, enough cash to close the loan and sufficient steady income to make monthly payments without difficulty, then you'll have no trouble getting approved for an FHA mortgage. As a rule of thumb, only people who will reside in the property are eligible for FHA-insured mortgages.
