Down Payment Assistance Program Changes - 08/27/08 05:11 AM
The Federal Housing Administration (FHA) recently altered its guidelines as a result of the Economic and Housing Recovery Act of 2008. One significant change was the elimination of the seller-funded down payment assistance program. Often used by builders through non-profit organizations such as Nehemiah and Ameridream, this program enabled the seller of a property (either an individual or a builder) to "donate" an amount equal to the funds needed by a buyer for a down payment on a home when securing FHA financing.
As of Oct. 1 of this year, the FHA will no longer allow seller assisted down payments. Not … (0 comments)

Should I buy a home that is listed for sale as a short sale? - 08/17/08 08:13 AM
I think the biggest change in Residential Real Estate over the last year, is the emergence of the Short Sale and knowing how to handle all the issues surrounding them.  This blog post will address this question and some of the issues that a buyer should think about before considering making an offer on a short sale listing. 
First, allow me to define a Short Sale.  Many buyers do not truly understand what is a short sale.  The short answer is that a short sale is a sale of a property where the bank or banks that hold mortgages against a … (7 comments)

 
Rochelle Allison (Keller Williams Premier Realty) Rainmaker_large

Rochelle Allison

Saint Paul, MN

More about me…

Keller Williams Premier Realty

Address: 659 Bielenberg Dr, Suite 100, Woodbury, MN, 55125

Office Phone: (651) 259-4683

Cell Phone: (651) 600-2065

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Some Author Information: Rochelle Allison believes there are many qualities and skills that go into being an excellent real estate professional – integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how she works. Serious posts about life in Saint Paul. Posts with questions and issues that buyers, sellers and investors should consider as well recommendations and comments about local restaurants and shopping. We like to eat local, shop local and share our experiences with our readers.


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