FHA has announced changes of what has been know as the FHA 90 Day Rule. Basically FHA would require that an owner has been on title for 90 days prior to a new buyer being able to purchase the property with an FHA loan. HUD announced a temporary waiver to lift these restrictions for the next 90. These changes go into effect February 1, 2010. This Change will expedite Rehab and Retail transactions on foreclosure properties. Over the next weeks we will help you understand how this new change can help you as a real estate investor.
Archive for January, 2010
FHA Changes Helps Investors!
Friday, January 22nd, 2010
How Real Estate Investors are Helping the Economy Part 11
Monday, January 4th, 2010
11. New Buyer
The new buyers are getting a fixed up home in most cases for less money than the property that is average condition. The Real Estate investors need to sell the property quickly due to the high interest rate being paid and so in most cases they discount the price of the home to get it sold quickly. So the new buyer is able to get a home that is practically new inside at a very low price.
Our Borrowers are taking a problem in society and making it something worthwhile. In doing this We are Changing the World.
