fha: FHA Short Refi Program - Can it help you? Can it help anyone? - 03/17/11 05:05 AM
Five of the largest US lenders are signed up to participate in the FHA Short Refi program... but don't count on it helping you. While 50 MILLION dollars have been allocated to the program, a whopping 44 (yes, forty four) people have been helped. (Source: Housing Wire - see article here.  This falls under the category of "Things that make you go Hmmm...."  Sort of. Why aren't they actively participating?  And, for that matter, why don't banks just adjust the loans that are in place rather than doing a short sale?   By and large, banks need cash, so if they are going to write down … (0 comments)

fha: Free Money To Help You Purchase A Home - 06/20/09 10:18 AM
Would you like to receive an extra $10,000 towards your home purchase? Move quickly. Special funds available for qualified buyers (income must be below 80% of the median income for the area). The fund will match your contribution 5:1. That means if you put in $500 (the minimum investment), the fund will contribute $2500. If you put in $2000, the fund will contribute $10,000.The only catch is that you must own the home for 5 years or you will have to pay these funds back. Once you own the property for 5 years, the debt is forgiven.As you can imagine, this … (0 comments)

fha: NEED YOUR ACTION NOW. Save DPA programs. - 07/22/08 07:24 AM
Thank you to my friends at First Savings for keeping me in the loop on potential changes affecting our housing market!
 


 
 
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Vicky Chrisner (Fieldstone Real Estate) Rainmaker large

Vicky Chrisner

Leesburg, VA

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