To those who had home problems in the past and now looking to BUY a home again: The Federal Housing Administration (FHA) recently enacted a rule change allowing borrowers who have fallen into foreclosure, bankruptcy, or a short sale to become eligible for a brand new mortgage, backed by the FHA, in as little as one year from... The date of your previous foreclosure auction, The date of closing on a short sale, or The discharge date on a Chapter 7 bankruptcy. Considering the previous waiting period for a government back mortgage was 2-3 years (depending on your specific situation), the new rule shortening the wait to 1 year is a shiny new present to buyers who had all but accepted the reality of becoming renters for the foreseeable future. The new rule is in effect until September 30th, 2016. Join me on a call tomorrow evening to discuss this announcement in detail, and to learn what the requirements are (so you can strike while the iron is hot). To register to receive call in information, go to. surveymonkey/s/8SMMML8
Posted on: Mon, 16 Sep 2013 21:34:47 +0000
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