montgomery co: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 02/16/12
- 02/16/12 08:09 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 02/16/12 The Montgomery County Distressed Market If you or someone you know are planning on buying using a FHA loan, please note that the new budget calls for an increase in the upfront FHA funding fee. This increase will range between .25- .50% depending upon the purchase price. We don’t have an effective date yet but it’s likely these changes will take affect in the Spring. On a 200K purchase, this would mean an additional $500 in closing expenses. Now is the time to buy before the increased rates take (0 comments)