FHA to waive 90 day flipper rule.

| Joseph Whitley

Follow this link to the announcement from FHA/HUD:
 http://www.hud.gov/offices/hsg/sfh/waivp…       [Read More]

Follow this link to the announcement from FHA/HUD:
 http://www.hud.gov/offices/hsg/sfh/waivp…

Short Sale vs. Foreclosure

| Joseph Whitley

…Free rent until the property is sold…       [Read More]

…Free rent until the property is sold…

FHA To Toughen Down Payment Rules

| Joseph Whitley

Borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a credit score above 580 will be able to continue to…
Source: Reuters News, Corbett B. Daly (01/19/2010)       [Read More]

Borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a credit score above 580 will be able to continue to…

Source: Reuters News, Corbett B. Daly (01/19/2010)

Is a “pre-approval” really a pre-approval?

| Joseph Whitley

When one receives an actual pre-approval letter, it should only have…       [Read More]

When one receives an actual pre-approval letter, it should only have…

FHA Second Appraisal Requirements.

| Joseph Whitley

Required if you are purchasing a home…
…between the 91 – 180 day after the seller acquired the property.
…where the purchase price is equal to/more than 100%       [Read More]

Required if you are purchasing a home…

…between the 91 – 180 day after the seller acquired the property.
…where the purchase price is equal to/more than 100%