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fha: On Feb 1, 2010, FHA borrowers will finally have access to a broader array of recently foreclosed properties.
- 01/19/10 06:06 AM
On Feb 1, 2010, FHA borrowers will finally have access to a broader array of recently foreclosed properties.
Just released on Friday January 15, 2010, HUD announced that the ban that prohibited FHA from insuring a home owned by a seller less than 90 days will be lifted. This new policy will go into effect on Febuary 1, 2010, and be effective for duration of a year. This policy is to help stabilize home values by allowing buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. A lot of these homes were found … (0 comments)
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On Feb 1, 2010, FHA borrowers will finally have access to a broader array of recently foreclosed properties.
;)
;)
;)
