bankowned properties: FHA Waives Anti-Flipping Rule Through Year-End to Speed REO Sales - 01/09/12 01:13 PM
The temporary property anti-flipping rule waiver has been extended through the end of 2012, by the Federal Housing Administration (FHA). The FHA rules prohibited insuring a mortgage on a home that the seller owned for less than ninety days. However, in 2010, the FHA waived this regulation and has extended it through the end of this year.
Buyers will be able to continue to use FHA-insured financing to purchase bank-owned properties and HUD-owned with this extension. This waiver will help stabilize prices a revitalize communities with high foreclosure activity.
According to the FHA’s Acting Commissioner, the waiver has strict guidelines and … (0 comments)
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bankowned properties: Short Sales (SS) & REO Listings in Malibu as of March 7, 2009 - Malibu Real Estate - 4Malibu.com - 03/07/10 06:20 PM
The Malibu Real Estate Resource Guide
Malibu California Real Estate ׀ Malibu Homes for Sale & Lease ׀ Malibu Land
Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from sources believed to be reliable, please note that individual situations can vary, therefore, please consult a professional for specific advice.
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bankowned properties: Your guide to buying distressed properties - 4Malibu.com Real Estate - 03/07/10 05:48 PM
Real estate investors have long regarded foreclosures as an opportunity to scoop up cheap real estate - assuming you could actually get your hands on foreclosed property. Traditionally, demand for distressed properties (at least the desirable ones) has far outweighed supply. Now, the opposite is true. In fact, you could probably limit your house search to foreclosures and still have your pick of houses and neighborhoods.
But be advised: Buying foreclosed property comes with its own set of hitches and hurdles. Just because a house is deeply discounted doesn't mean it's necessarily a great deal. Here's a snapshot of what to … (0 comments)
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bankowned properties: Buying Foreclosures: Your Guide to Purchasing Distressed Properties - 4Malibu.com - 01/08/10 10:27 PM
The Malibu Real Estate Resource Guide
Malibu California Real Estate ׀ Malibu Homes ׀ Malibu Homes for Sale
Buying foreclosures: Your guide to purchasing distressed properties
Real estate investors have long regarded foreclosures as an opportunity to scoop up cheap real estate - assuming you could actually get your hands on foreclosed property. Traditionally, demand for distressed properties (at least the desirable ones) has far outweighed supply. Now, the opposite is true. In fact, you could probably limit your house search to foreclosures and still have your pick of houses and neighborhoods.
But be advised: Buying foreclosed property comes … (0 comments)
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