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Fannie Mae has announced that buyers who purchase one of their HomePath properties can receive up to 3.5% of the final sales price to be used toward closing cost assistance OR their choice of appliances. This is not available to investors, only people...
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The Federal Housing Administration (FHA) has relaxed its “anti-flipping rule” for a period of one year starting February 1, 2010. Waiving this rule will effectively encourage private investors to buy properties, fix them up, and sell them...
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We’ve all seen the rider attached to for sale signs that offer “Free Recorded info for this property 24/7″ The brave souls that dial the number to find out the listing price soon get a call back from a real estate agent asking if they...
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It’s called VA Vendee Financing and I’ve got the information on how it works. The U.S. Department of Veterans Affairs’ has re-opened Vendee Financing to purchasers of Vendee eligible VA REO properties. Vendee financing is a loan product...
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It’s official, the $8,000 homebuyer tax credit extension was signed into law today by President Obama! Here’s what the bill looks like: 1. Contract must be signed by all parties by April 30, 2010 and closing must occur before July 1, 2010....
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