Nehemiah Update:

Nehemiah deadline..... 

Hi Joseph....Just wanted to make sure that we are on the same page on your PS below......:)  

"PS: My lender said today that I can still qualify for the Nehemiah loan as long as it is LOCKED IN by October 1 -- it does not have to CLOSE by then, so we have a little more time if we need it."

LOCKED IN = FUNDED   

In order for a buyer to insure that the Nehemiah will be in place for him....the loan must be funded by October 1st. In order for the loan to be funded by October 1st, buyer must have contract in escrow by August 31st.  (Please be advised that this is a minimum time frame as it would behoove the buyer to grant time for the snags that may take place in the escrow process --ie. bank may need extra time to remove liens)  It has been through my experience with the REOs in escrow, that the escrow process takes longer than scheduled with submission of addendums to extend COE dates.  

Joseph, that's my info for you.....could you please acknowledge receipt?  tx, Julia :)

EXTRA STUFF:

IT'S NOT TOO LATE TO TRY AND SAVE DOWN PAYMENT ASSISTANCE...YOU CAN HELP AND FORWARD THE WEBSITE BELOW TO EVERYONE YOU KNOW IN THE BUSINESS!   

A new website from The Nehemiah Corporation of America website.  75,000 + have already signed up and protested. 

www.dpagroundswell.org

Joseph....I needed to communicate and clarify what LOCKED IN in this case means.  
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This post has been included in Nevada Real Estate News

3 Comments on Making the Nehemiah Deadline

AUG
15
2008
199,817 Points Localism Sponsor Outside Blog

Julia, thanks for the post.  After reading it, and before commenting, I emailed my buyer a reminder to hurry up and get looking at houses!
9:48pm • #1

Some programs that actually are helping are out the door and the programs that only help the lenders are coming in. Sad, so sad.
10:03pm • #2
FEB
01
2011
157,547 Points Called Shot Master

So, what are you using now that Nehemiah is no longer?
6:20pm • #3


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