This is something all of us need to keep a pulse on.

http://news.yahoo.com/s/ap/20080624/ap_on_go_co/congress_housing

Summary:

The centerpiece of the package is a foreclosure rescue program in which the Federal Housing Administration would provide $300 billion in new, cheaper mortgages for distressed homeowners who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans.

Borrowers would be [...]

Well I almost was ready to swing from the rafters! Then all of a sudden reality struck!

It seems the 90 Day FHA Seasoning Lift for 1 Year only applies to properties acquired from foreclosure. That means it really doesn’t affect short sale properties.

Download HUD Flipping Guidelines for 90 Day Seasoning Lift

WHAT ARE YOUR THOUGHTS [...]

Yup… you read that right!

This is going to be an AMAZING here especially for all us short sale investors. Just think how many different programs FHA provides first time buyers to qualify to buy a house. Now take those buyers and match them up with all your short sale approved houses and what do [...]

I would like to ask you for a favor.  Would you watch this video and considering donating to the cause? I don’t care if it is $.50  Anything you can spare can help feed a child or adult living in a tent under a bridge in New Orleans. This is perhaps one of the best [...]

I just read this article and it was a pretty interesting concept. Has anyone else heard of this?
The statistics are all over the place, but it is clear that not only are mortgage delinquencies and foreclosures skyrocketing, but millions of homeowners are "upside-down " in their mortgages; that is they owe more to the bank [...]