A negative side effect of Hope for Home Owners act is that as of October 1st, interested parties in a real estate transaction are forbidden to contribute towards buyer’s down payment if the loan is backed by FHA. This includes the seller, buyer and seller’s agent and Escrow Company and the lender and down payment [...]
Entries from August 11th, 2008
Contribution by interested parties toward buyer down payment is going away
August 11th, 2008 · No Comments · Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
Tags: 000·down payment assistance·Las Vegas condominiums foreclosures·Las Vegas condos·Las Vegas homes under $250·lenders·mortgage·short sale homes
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