Buyers Resource Center
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ARCHIVED BLOG POSTS
2010
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Ever seen that "less than perfect" home and thought it might be nice if it had an updated kitchen or bath? Ever wondered why some one would want to buy that old dilapidated home down the street? With an FHA 203K Rehab Loan, you can find that home that needs some updating, repairs, new windows, n...
11/27/2010
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Affordable charm and ambiance are yours in this well appointed cape. Cherry cabinets, travertine tile, stainless steel appliances and granite counters. Hardwood and tile flooring tastefully installed throughout for ease of living. Relax in the whirlpool tub or by the Koi Pond in your landscap...
11/21/2010
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Fannie Mae wants to reduce inventory before the end of the year. Fannie Mae properties can be owned with 3% down and a rebate from Fannie of 3.5% towards your closing costs. You must close by 12/31/2010 and be an owner occupant to qualify. You may need a few weeks to close if you are financing ...
11/09/2010
Fannie Mae is offering 3% down payment and 3.5% rebate towards closing costs for buyers who can close on one of their foreclosed properties before the end of the year. Obviously, they want to reduce their inventory before the end of the year. With closings averaging 43 days in our area, there ar...
11/07/2010
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HUD will resume activity until November 28, 2010. All sales of government owned foreclosures were set to cease as of 11/5. I received word today that the moratorium was lifted and extended until 11/28. This extension appears to only effect executed contracts that are working toward closing. Ho...
11/06/2010
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All sales of government owned homes will cease today November 5, 2010. HUD is not giving us any indication as to when they resume sales. All executed contracts that do not close today will be put on indefinite hold. Those buyers wishing to cancel their contracts are out their inspection fees, a...
11/05/2010
The sales of government owned foreclosures will cease in New England November 5, 2010. If the contract does not close by 11/5, even if fully executed, it will go into an indefinite holding pattern. Buyers who chose not to fulfill the bargain because of the moratorium are allowed to cancel the co...
11/02/2010
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