investment property: Info for Hampton Roads Property flippers and Investors extended until May 2010! - 10/12/09 09:15 AM
This info from Collen Craig will be good news when used correctly.
The HamptonRoads Real Estate Lady
Via Colleen Craig (Southern California Mortgage Professional):
Property Flipping guidelines extended by FHA , until May 2010! What does this mean and who does this affect?
What is property flipping?
No .......it's not flipping your home with another couple as seen in trading spaces on TLC!
FHA GUIDELINES STATE THE FOLLOWING:
Property flipping is a practice whereby a recently acquired property is resold, often for a considerable profit.
Most property flipping occurs within days or a few weeks of acquisition and usually with only minor … (1 comments)
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investment property: Hampton Roads Foreclosed Properties increase! - 10/28/08 03:35 PM
Hampton Roads had been lucky so far with a steady flow of sales the foreclosure crisis was not often thought about in this part of Southern, VA. Now Foreclosures in Hampton Roads are on the rise and now a sizeable portion of our Multiple Listing Service MLS inventory. According to the Pilot Online and RealtyTrac-"The number of foreclosure-related notices in Hampton Roads was 922 in September, up 48 percent from August and nearly 352 percent from year-ago levels, according to RealtyTrac, an online foreclosure-monitoring service based in Irvine, Calif". So what does this mean for buyers in Hampton Roads? THERE ARE GREAT HOME … (0 comments)
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