ARCHIVED BLOG POSTS
2011
In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens today extended FHA's temporary waiver of the agency's 'anti-flipping rule.' The extension announced to...
01/28/2011
2
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Over the years I have followed the Environmental Building News located at buildinggreen.com. This issue marks the 20th year for the publication. Their first article for the year "A Green Building Wish List: Policies, Trends, and Products for 2011 and Beyond" is a must read for all residential re...
01/05/2011
3
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Over the weekend, I received a purchase contract with a sales concession of $3,900 or 9.75%. The purchase price is $40,000, with estimated repairs of $125,000. Sales concessions are calculated on the purchase price. In this case, 6% of $40,000 is a maximum of $2,400; the remainder of the funds wo...
01/02/2011
Under the FHA Energy Efficient Mortgage (EEM) Program, a borrower can finance into the mortgage 100 percent of the cost of eligible energy-efficient improvements, subject to certain dollar limitations. To be eligible for inclusion into the mortgage, the energy-efficient improvements must be cost-...
01/01/2011
Rainer
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86,975
Dustan Shepherd
Vice President of Renovation Lending
Real Estate Resources
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