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Jun 17 2008

FHA Extends Financing for Immediate Purchase of Foreclosed Homes

Posted by: Michelle Odessey, in Foreclosures, How To Buy Properties, How To Sell Properties

RISMEDIA, June 17, 2008-In an effort to stabilize declining home values in certain neighborhoods, the Bush Administration announced a temporary policy that will extend government-backed mortgage insurance and allow for the immediate sale of vacant foreclosed properties.  . . .

. . . The properties, which must purchased by owner-occupants, will no longer be subject to the customary 90-day waiting period.

 Read the Full Story Here

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This entry was posted on Tuesday, June 17th, 2008 at 11:57 am and is filed under Foreclosures, How To Buy Properties, How To Sell Properties. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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