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 Tagged as 'lenders'
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
74% of Las Vegas residential July sales are foreclosures and 9% short sales
August 8th, 2008 · No Comments · Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
Private home or condominium sellers have to compete with deep pocketed banks and other lenders to sell their property in Greater Las Vegas. Not only do these lenders have a great deal more money than a typical owner occupied home owner, any and all laws that have been passed by the congress so far in [...]
Tags: condominiums·foreclosures·Las Vegas condo sellers·Las Vegas home sellers·lenders·mortgage·sell Las Vegas home·short sales
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