Listing Your Home For Sale With An Assumable Mortgage

When listing your house for sale, the real estate agents at Preferred Residential try to think of every little thing that sets your home apart from all the others on the market.  Is there outdoor living space with a fire pit and gas plumbed to the BBQ?  Does it have a tankless water heater?  Is […]

New HUD Short Sale Rules

The Department of Housing and Urban Development (HUD) has released a list of new rules scheduled to take effect October 1.  The intended purpose of these rules is to reduce fraud in HUD short sales and deed-in-lieu of foreclosure transactions.  One of the rules also hopes to increase the net proceeds from short sales. Currently, real […]

House Flipping: Anti-Flipping Rule Suspended Through 2014

The real estate investment strategy of flipping houses recently received good news in the form of the FHA continuing the suspension of their anti-flipping rule through December 2014. The rule, originally enacted in 2003, was written to curb the practice of flipping houses by preventing the FHA from insuring mortgage loans on homes that were […]

New FHA Rule Expected to Reduce Options for Buyers

When a new Federal Housing Administration rule takes effect next Monday, April 1 experts say that FHA backed mortgages will no longer be an option for many potential borrowers.  HousingWire is reporting that the federal agency will no longer issue mortgage insurance for borrowers who have ongoing credit disputes totalling $1000 or more. Prior to this […]

FHA Extends Waiver of Anti-Flipping Regulations

  The Federal Housing Administration announced last week that they are extending the temporary waiver of their “anti-flipping” regulations through 2012.  This is good news for investors seeking to buy, rehabilitate and quickly sell (flip) homes as it expands their pool of potential buyers.  Originally waived by the Obama administration in February 2010, the regulation […]