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 […]
Ask Freddie Mac and Ye Shall Receive: A Short Sale Christmas Miracle
If you read today’s St. Petersburg Times, you’ll find this article by Mark Puente regarding my ordeal with US Bank and Freddie Mac on a short sale listing I have in Tierra Verde. I’d contacted US Bank and Freddie Mac for months – over a year actually, but it’s sad that we Realtors have to […]
