real estate: The Problems You Get With Short Sales (Benefits You Get will be posted soon)
- 03/07/08 07:16 PM
The can kill a street's, subdivision's, community's, town's, city's, county's, state's property values pretty quickly. If your not selling short in an area, you lose and the short seller wins. If you built up a lot of equity or put down a large downpayment that has kept you from having to go short, the price you think you're setting "below market comparables" will be the low-water mark that any new short-seller next to you will use when setting their price. Your time on market will be until the quality short sale properties sell out or force prices to where you now … (6 comments)
real estate: Down Payment Assistance's Days May be Numbered!
- 03/07/08 11:36 AM
WRITE TO YOUR CONGRESSMAN!! Although Ameridream and Nehemiah's DPA progam heads recently announced the decision of federal courts to halt HUD's ability to disallow the providing of down payment assistance in the form of gifts from non-profit organizations, Congress may potentially provide the death blow. The courts are correct in stating that HUD does not have the authority to prohibit the use of 503(c) non-profit organizations' grants but this doesn't mean that they will go on forever. THE DOWN PAYMENT PHILOSOPHY: FHA loans require a minimum statutory investment of 3%. This 3% has been calculated to be the minimum amount of … (0 comments)
The can kill a street's, subdivision's, community's, town's, city's, county's, state's property values pretty quickly.
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