first time buyer: HUD LIFTS THE SEASONING RULE (You Don't have to wait three months buy now!)
- 01/18/10 07:43 AM
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS Measure to help bring stability to home values and accelerate sale of vacant properties WASHINGTON - In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan today announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties. "As a result of the tightened credit market, FHA-insured mortgage financing is often the only means of financing available to potential homebuyers," said Donovan. "FHA has an unprecedented opportunity to … (4 comments)
issue date: october 16, 2009 amount: $10 million ProgramDetails:
MHDC"First Place" is a Missouri state-sponsored program to assist potential homeowners in purchasing their first home. Pulaski Bank is committed to helping increase homeownership responsibly, through programs like MHDC. HDCis a loan-program add-on and can be used with any type of Fixed Rate loan: FHA, VAor Conventional. MHDCcan only be used to purchase a home. Single-Family Homes, Condominiums, and Town Homes are eligible. In some instances Duplexes can qualify. Contract price for the home sale must be at or below: Non-Target Area: $258,690 Target $316,177 … (2 comments)
first time buyer: 9 Reason Why you Need a Real Estate Professional
- 12/08/09 08:30 AM
1. You'll have an expert to guide you through the process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.2. Get objective information and opinions. REALTORS® can provide local community information on utilities, zoning, schools, and more. They'll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? … (1 comments)
The Neighborhood Assistance Corporation of America ("NACA") is a non-profit, community advocacy and homeownership organization. NACA's primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership. NACA has made the dream of homeownership a reality for thousands of working people by counseling them honestly and effectively, enabling even those with poor credit to purchase a home or refinance a predatory loan with far better terms than those provided even in the prime market. Investing in working peopleThe NACA homeownership program is our answer to the huge subprime and predatory lending … (8 comments)
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
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