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• HUD's Wordsmithing on the Definition of a Foreclosed Home.

  The federal agency HUD's announced Friday that, effective immediately, it is classifying any property that is at least 60 days behind on the mortgage or the property owner is 90 days or more delinquent on tax payments as a "foreclosed" home. Read More... Posted Monday, April 5, 2010 11:20 AM by Annie Tegner | 0 Comments Filed under: foreclosure, HUD, Mortgage Delinquencies, Neighborhood Stabilization Program

• 90 Day Anti-Flipping Rule A Positive For FHA Borrowers, and Some Things to be Aware of.

  Well, the 90 day Anti-Flipping rule went into effect but according to Marcia Geffner of Bankrate.com lenders may have a different interpretation of the rule... Homebuyers who need a loan insured by the Federal Housing Administration, or FHA, may be able Read More... Posted Monday, March 22, 2010 11:26 AM by Annie Tegner | 0 Comments Filed under: FHA financing, foreclosure, borrowers, anti-flipping rule

• Buyer's who qualify for FHA loans will be happy to hear the 90 day rule on flipping properties is changing

  As the people in governement take time to read the details and talk to people who are directly affected by issues, some of the rules they have passed are starting to be modfied. This is one of them. Beginning February 1, 2010, your chances of buying a Read More... Posted Sunday, January 17, 2010 8:22 AM by Elisa Uribe | 3 Comments Filed under: For Sale, FHA program, FHA guidlines, mortgage, foreclosure, foreclosures, First time home buyer, real estate professionals, 90 day flip

• Thinking Of Halting Payments On House?

  I was at a party the other day where people were discussing walking away from their home. This is a great article advising on some of the consequences. Credit score will suffer; you could get ousted from home By Harriet Johnson Brackey Sun Sentinel (South Read More... Posted Monday, December 7, 2009 10:50 AM by Annie Tegner | 0 Comments Filed under: mortgage, loan modification, foreclosure, credit score suffer