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Investing in Maryland Foreclosures, HUD, AUCTION PROPERTIES, MONTGOMERY COUNTY

By
Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

Investment Properties in Maryland Foreclosures, HUD, AUCTION PROPERTIES, MONTGOMERY COUNTY

The News:

The Federal Housing Administration (FHA) is extending the temporary waiver of its property anti-flipping rule through the end of 2012. . 

.more details here

 

Why?:

 

The intent here is assist investors on the resale of foreclosed properties.

 

20% Rule:   

Applies when an investor want to profit over 20% from the original purchase price. . it could still be funded but it has to be validated and prepare to show any repairs or improvements expenses to the lender.

 

Deadline: 

Good till December 2012

If you are an investor. . . .

What are you waiting for?

"This is a flipping of a great deal for you! "

 

VISIT US TO GET STARTED 

 

                                  www.Herboso.com

 

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Marge Piwowarski
Phoenix AZ Horse Property - Phoenix, AZ
Phoenix AZ Horse Property, LLC

This may well help get some more distressed inventory off the market.  Good decision!

Jan 04, 2012 12:54 PM
James Dray
Fathom Realty - Bentonville, AR

Fernando I don't understand investors.  The Feds are giving them a golden opportunity to get some property at current market values a great deal.  Some of them are holding back wanting a better one.  I hope they don't wait until it's over

Jan 04, 2012 09:11 PM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

We are seeing a brisk increase in leads right after January 1st. . it looks like they  are waking up!

Jan 05, 2012 01:21 AM