hud: New HUD Rules for FHA Short Sales Appear to Violate California Law 580 - 10/15/13 06:24 AM
There is a lot of hub bub around the new HUD changes to FHA short sale rules that went into effect on October 1, 2013. Specifically these requirements are set forth in the most recent Mortgagee Letter 2013-23 and this letter in a fair amount of detail states certain requirements that were already known to those of us in the short sale industry in order to get a short sale approved, but apparently they are now putting them in writing.
New HUD Rules For FHA Short Sales, Requirements Include; 1. A seller cannot list the property with or sell it to … (0 comments)

hud: How Will The Government Shutdown Impact the Housing Market? - 10/02/13 04:13 AM
Unless you are a Federal employee most of us have been trying to figure out how the government shutdown is going to affect or impede our daily lives. Being in real estate it is natural to wonder how the shutdown will affect housing and mortgages.
More than 90% of the residential housing market depends on the government or GSEs for underwriting, insurance and funding for new purchase loans. Mortgages issued by Fannie Mae and Freddie Mac will reportedly not be affected as they do not depend on federal appropriations to operate, but rather they are funded by fees from lenders.
Mortgage … (1 comments)

 
Sarah Litchney, Sacramento Realtor and Sacramento Real Estate Attorney, Sarah Litchney, Sacramento Real Estate Attorney (StoneCrest)

Sarah Litchney, Sacramento Realtor and Sacramento Real Estate Attorney

Sarah Litchney, Sacramento Real Estate Attorney

Sacramento, CA

More about me…

StoneCrest

Address: Roseville, CA, 95661

Office: (916) 378-5760



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