Recently I was invited to be interviewed on Bay News 9 to discuss the state of foreclosures in Florida, as well as the fact that Fannie Mae seems to be overpricing their REO properties. Check out the full interview.
FHA Trims Waiting Period to Buy to 1 Year after Foreclosure
FHA mortgages are very attractive to many first-time homebuyers, as well as buyers who wish to put down a lower down payment. Only 3.5% of the total purchase price is required as a down payment with an FHA mortgage. Until recently, the Federal Housing Administration (FHA) wasn’t allowing borrowers who went through a bankruptcy, foreclosure, deed-in-lieu, or […]
Fannie Mae Overpricing their Short Sales and Foreclosures?
If you’ve been following the papers much lately – you know that there are several big hedge funds buying up a lot of the Tampa Bay short sales and foreclosures in our market. I work for one investor who is not a hedge fund, but buys some properties similar to what the hedge funds are […]
