Real estate blog entries tagged with hud by Debra Drummond

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hud: First Time Homebuyer Alert, Part 1 - 08/17/08 10:57 PM

If you've been on the fence about whether or not to buy your first home, NOW is definitely the time--before October 1st! The Mortgage Relief program recently passed by Congress goes into effect on that date and eliminates downpayment assistance programs. In fact, many mortgage lenders have already eliminated the … (4 comments)

hud: Sweet Deal For 1st Time Homebuyers - 07/26/08 11:51 PM

Looking to take advantage of the great deals out there right now, my daughter just closed on a Redford foreclosure. Just a few years back, there was very little available under $100K for first time buyers. Now with HUD offering $500 down FHA mortgages with $2,500 buyer incentives, her house … (0 comments)

hud: Increased Sales But Half Are Foreclosures - 06/28/08 05:46 PM

Realcomp, our local and Michigan's largest Multiple Listing Service, released the latest sales figures recently indicating a 12.7% year to date increase in sales over last year for the entire MLS. Although the number of homes on the market has declined an average of 7%, more the half the homes … (0 comments)

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