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housing counseling: Seller Funded Downpayment Assistance not done yet? - 08/03/08 07:17 AM
Evidently the final word on seller funded down payment assistance for FHA purchases has not be said. It had surprised me that this week had passed with not word from any of the DPA programs after the Housing Bill had passed Congress and eliminated seller funded DPA.
Friday night I received an email from Ameridream announcing somewhat optimistically "Congress to Reauthorize DownPayment Assistance."
Quote taken from Ameridream email - in italics. Last night, Congress introduced bipartisan legislation, H.R. 6694 that would reauthorize and reform charitable downpayment assistance. This bill would remedy a harmful provision in the new housing law which limits homeownership … (15 comments)
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housing counseling: Qualifying more buyers - expanding the buyer pool - 06/26/08 06:16 PM
I had posted a previous blog about expanding the pool of available buyers, but received only few comments. It seems to me to be one of the critical focuses in our industry. We are watching the fed, concerned with program changes, seller's not listing low enough, or buyers not being realistic in their offers.
A book entitled Think like Einstein, recommends changing the question if you don't like the answers to the initial question.
I think the right question, is how can we get more qualified buyers.
Credit building, credit repair, high LTV loans, downpayment assistance. What tools? What marketing? What … (6 comments)
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Richard Smith FHA VA Rural Development in TN GA
Chattanooga,
TN
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Address: 1961 Northpoint Blvd, Suite 110, Chattanooga, TN, 37343
Office Phone: (423) 280-0345
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