FHA Homes

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Here’s your chance to get the inside scoop on highly sought-after FHA loans to secure the best mortgage interest rate possible on your next home investment.

Cathy McDaniel — a consumer advocate who has more than 15 years in the industry working banks and lenders — will reveal how to secure a home loan/refinance from the Federal Housing Administration (FHA) and lock-in the best possible interest rate and mortgage terms available.

The educational session is available to watch LIVE online during a 90-minute money-saving presentation scheduled for Thursday, July 30, at 7 p.m. ET. To register now for “How to Get an FHA Loan” click here.

An FHA loan is an attractive alternative to a traditional loan because it will put money back in your pocket each month, lowering your monthly mortgage commitment significantly. The long-term savings are even more mind-boggling.

Here are just some of the topics that Cathy will cover:

  • FHA options and features
  • FHA loan qualification and criteria, calculations/Ratios and MIP
  • FHA appraisal, qualifying the property and home inspection
  • FHA loan programs, escrow holdback and 203 (k) Streamline
  • FHA refinancing, loss mitigation and down payment assistance

This is a great opportunity to learn all the key points, options and FHA program qualifications from an industry expert to maximize your (or your clients) mortgage instrument. Be sure to tune in!

Register for “How to Get an FHA Loan” before it’s too late. Spots are limited and filling up FAST! CLICK HERE.

Webinars are LIVE educational sessions that let participants see, hear and interact with real estate experts right from their personal computer screens. In fact, Webinars are driven in part by visitor feedback and questions that are posed during the sessions. For more information and course offerings click here.

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To stabilize declining home values in certain neighborhoods the Federal Housing Administration (FHA) today announced a year-long measure that will allow lenders to sell foreclosed homes faster.

Typically, lenders and banks must wait at least 90 days to market and sell repossessed FHA homes. It was a rule designed to discourage “flipping” homes, which can strip them of equity and artificially inflate prices.

However, with more and more homes heading into foreclosure the government agency is giving financial institutions a 12-month long green light to sell them as soon as possible.

Here’s a snip from Brian D. Montgomery, Assistant Secretary of Housing-Federal Housing Commissioner:

“A glut of foreclosed and abandoned homes harms neighborhoods, frustrates homebuyers and delays a community’s recovery. The action we take today will allow homebuyers to purchase these homes in much greater numbers and ease the excess supply of unsold homes in neighborhoods across the country.”

Clearly, when a homeowner defaults on his or her mortgage he or she is no longer responsible for regular maintenance such as grass cutting or pool care. And when lenders don’t — or can’t — stay up to speed with this routine maintenance properties can deteriorate quickly.

In fact, it can also lead to crime and vandalism, which will perhaps have a more negative impact on property values than a green pool.

It’s better to be safe than sorry. To check out the complete press release head over to HUD.gov.

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