hud reos: HUD discontinues Incentives
- 02/04/10 09:41 AM
Effective FEb 12, 2010 any properties listed and/or sold with FHA financing as of this date are no longer eligible for the $100 downpayment incentive. The sales allowance of $2500 for owner occupant purchasers will also be discontinued as of Feb 12, 2010 for all new contracts accepted on or after this date. The $500 broker bonus for owne occupant purchasers who took advantage of the $2500 sales allowance is also discontinued as of Feb 12, 2010