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down payment assistance: Down Payment Assistance Ready to be Resuscitated? - 06/28/09 02:00 PM
Many months ago I expressed my frustration with Congress and HUD when legislation was passed to do away with downpayment assistance programs such as the Ameridream program. Those of us who have been in the industry for a while worked with many of these programs under names such as Nehemiah, HART, Ameridream and others.
According to the Ameridream site, since Congress abolished these programs in October of 2008, over 90,000 prospective home buyers have been unable to make a purchase. The arguments against down-payment assistance programs (DAPs) revolve around a larger number of defaults on these loans and concern about over-inflated … (2 comments)

 
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Seattle Real Estate|Colleen Fischesser| |Short Sale Specialist|So King County

Maple Valley, WA

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RE/MAX Select R.E | Designated Broker/Owner

Office Phone: (425) 432-5400 x 1

Cell Phone: (206) 491-3819

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The Real Estate Scoop as it pertains to the Pacific Northwest, primarily South East King County where you can get more for your money but are within driving distance of the Seattle Waterfront or Cascade Mountain Ranges. I love to keep on top of what is going on it the local market and with new technology in the industry. Feel free to email or post a comment or question anytime!

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