fha: 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)

 
Nathan Duce (Homestar Financial Corporation)

Nathan Duce

Douglasville, GA

More about me…

Homestar Financial Corporation

Address: 8486 Price Ave, Douglasville, Ga, 30134

Mobile: (678) 982-6450

Fax: (678) 954-6883



Links

Archives

RSS 2.0 Feed for this blog