So You Want to Buy a Foreclosure
I hear from buyers frequently that are interested in buying a foreclosed home / bank owned property. Sadly, in the under $750,000 market, the competition is brutal. Many times those with 20% down or more will trump those entry level buyers with FHA or VA financing. Even with a strong, high down payment offer, the process is very challenging, listing agents are inaccessible, and offers go into an email black hole. If you are frustrated, you are not alone. Buyers and agents alike are very di…
Read more...FHA is a Major Player in Lending Again – And We’re Not Ready!
It was not long ago, lending was easy, too easy. Did you need money? No. Did you need assests? No. Did you even need to prove you had income? No. So why do an FHA loan? We didn't. Times have changed and there are limited options for first time buyers that aren't coming away with a …
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Linsey Planeta
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