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reos: 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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reos: REOs vs. Foreclosures which one provides a better property investment? Chicago | Illinois
- 01/17/10 11:34 AM
REOs vs. Foreclosures which one provides a better property investment? Chicago | Illinois
It’s probably not a week that goes by that I hear this question asked from either new real estate investors or home buyers looking to get the best deal. Unfortunately in this economy there is a surplus of both REOs (Real Estate Owned) and Foreclosures. In September alone there were over 8,000 homes which went into Foreclosure in the Chicago metro area alone.
In my experience some Foreclosures can be bought at a drastically low price, however if one doesn’t do their homework the ones that look like … (0 comments)
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On Feb 1, 2010, FHA borrowers will finally have access to a broader array of recently foreclosed properties.
;)
;)
;)
