Im interested in adopting a FHA mortgage … It is a loan taken care of. Any info would be helpful?

My husband and I had a foreclosure and bankruptcy in November from 07 September from 08 We’re back to do it alone, and was offered to “take” a mortgage. As we understand it takes about $ 1,000.00 in fees and we are fundamentally responsible for the balance of the loan. We were told we had to do not to our credit rating and foreclosure and bankruptcy case history. We started to rebuild our credit and have money for when we are ready to buy again. I am very skeptical and would like to hear others’ thoughts on this process. Thank you!

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