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hud: Options for First Time Homebuyers - 04/02/10 03:33 PM


Has finding a first home been struggle? Getting beat out by All Cash buyers? Multiple Offers on everything you are interested in?
Here are a couple of ideas to think about:
1. Check out the homes listed by HUD. For CA, HI and GA, these homes are listed on the PEMCO website. Homes listed on the site are available to Owner-occupied buyers only for the 1st 10 days of the listing. This means you are not competing with investors until after 10 days on market - makes your chances much better. Also, Owner-occupied buyers using an FHA insured loan … (0 comments)

hud: 90 Day FHA Rule Temporarily Going Away! - 01/19/10 10:52 AM
Great news from HUD! The rule requiring a property to age at 90 days before it's last sale before using FHA-insured financing is going to be waived, with a few conditions, starting February 1st, 2010. The waiver will be in effect for 1 year.
This is just what the doctor ordered for our FHA buyers. It opens up a whole group of properties that had to be skipped over in the past...
Make sure to read the press release from HUD for all the details.
Happy Shopping!
… (3 comments)

 
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Bonita Malone, GRI, SFR, CDPE

Elk Grove, CA

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Better Homes and Gardens Mason-McDuffie Real Estate

Address: 7801 Laguna Blvd, Ste 100, Elk Grove, CA, 95758

Office Phone: (916) 478-7184

Cell Phone: (916) 502-1049

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