The Daily 091712 Hot Sheet of Palm Beach Real Estate & FL Realtor News
By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
The Daily Hot Sheet of Palm Beach Real Estate & FL Realtor News Monday, September 17, 2012 TODAY'S TOP STORIES New guidelines to help condos get FHA loans Condo buyers can't get FHA loans unless a building is certified. Less-risky rules should push more associations to apply. Read more. In Jan., short sales may carry hidden cost A law keeps IRS from taxing money a lender forgives on a short sale, but it expires Dec. 31 if not extended by Congress. Read more. New lender GFE rules: what to expect Once "loan estimates" from multiple lenders have the same format, websites will start creating side-by-side comparisons. Read more. 20% downpayment not a QM requirement The qualified mortgage (QM) rule won't force buyers to put so much down; ...
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