seller concession: Now is the time to buy a home in Michigan - FHA reduction in seller concession effective early summer 2010
- 02/02/10 09:30 AM
The new FHA reduction in seller concessions from 6% allowable to 3% allowable is scheduled to take effect in early summer 2010. It will be posted to the Federal Registry this month, and after a period of comments will have a set effective date. To read all of the FHA Policy Changes announced January 20, 2010, go to: http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-016
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seller concession: Cash Investors in Michigan- You can use 3% seller concession on HUD homes to pay for Owners Title Policy
- 01/26/10 03:39 PM
Many Michigan agents and investors are not aware that while HUD will not include Title Insurance for investor purchased HUD foreclosure properties, you can always include in your offer a 3% seller concession, which can be used toward the purchase of Title Insurance from your title agency of choice. You must include the 3% seller concession in your original offer.
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Welcome to Lynn's Blog where you will find Real estate related information, including homes for sale.
Serving Big Rapids, Michigan, and the area counties of Mecosta, Newaygo, Osceola, Lake, Montcalm & Kent County
The new FHA reduction in seller concessions from 6% allowable to 3% allowable is scheduled to take effect in early summer 2010.
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