Mortgage and Lending with 1st Preference Mortgage 214107

I wanted to clarify before I made this posting and am glad to report some good news for a change!  Even though we anticipate FHA lowering the seller contribution from 6% to 3% from the "warnings" we've received, BUYERS CAN STILL REQUEST 6% SELLER CONTRIBUTION TOWARDS CLOSING COSTS!!!

We're expecting this quality feature of FHA to change in the Fall but no news is good news, right? RIGHT!!!

If you have any buyers that are "waiting to see" use this as incentive to light the fire under them!  This could change sooner, we just don't know.

That's all for now! Have a great weekend!  It's finally cooling off to mid 80's here in the "Tropic's of Baltimore"!  That 90 and 100 degree weather was ridiculous!



Comments (3)

Lanette Branch
RE/MAX Components - Fallston, MD
Bel Air, MD Real Estate Agent

I've been hearing the rumblings as well and all I can say is - give us a break!  Really hope that doesn't come to fruition. 

It has been Hot as Hades here, hasn't it?

Aug 06, 2010 06:39 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Ok then.  Now we have something to cheer about.  Thanks for the tip.

Aug 06, 2010 06:51 PM
Billi Evans
Murney Associates - Springfield, MO

Any good news is good right now.

Aug 06, 2010 07:43 PM