100 down: HUD HOMES with FHA financing take a STEP BACKWARDS!!!
- 03/09/10 08:23 AM
Hello Fellow Realtors, This is a HUGE set back and I am interested to see how PEMCO is going to reward bids on HUD houses with this news. Mortgage E letter March 8, 2010 You can no longer order a 2nd Appraisal on a FHA HUD REO if the appraisal is still valid (180 days) UNTIL APRIL 1ST 2010 AND THEN DROPS TO 120 DAYS THIS IS EFFECTIVE IMMEDIATELY BY HUD If You have a FHA loan on a HUD home currently in the pipeline the PEMCO Appraisal will be the appraisal used for Value. If it is … (3 comments)
Hello Fellow Realtors, 
;)
;)
