Todd Plambeck
The Return of Seasoning for FHA?
30 July 2015 | 3 replies
The waiver applies to all sales contracts executed on or after February 1, 2010, until 11:59 PM, December 31, 2014.FHA deems a sales contract to be executed when all parties to the contract have signed the contract, and the contract is enforceable under the law of the state the property is located.Mortgages that are made on properties in which sales contracts have been executed after 11:59 PM, December 31, 2014, are not eligible for a waiver of the regulation prohibiting property flipping.FHA will not extend the waiver beyond December 31, 2014.Section 203.37a(c) lists the sales transactions exempt from this rule.The exempt transactions include sales by HUD of real estate-owned (REO) properties under HUD’s regulations in 24 CFR part 291, sales by other federal agencies of REO properties, sales of properties by nonprofit organizations that have been approved to purchase and resell HUD REO properties, sales by state - and federally - chartered financial institutions and government sponsored enterprises (GSEs), and, upon announcement by HUD through issuance of a notice, sales of properties in areas designated by the President as federal disaster areas.The regulation, including its exemptions, is still in effect.Quick Links and ResourcesReview the Federal Register Notice (Docket No.
Sharad M.
Interesting Fannie Mae flip situation
31 July 2015 | 18 replies
If you don't have control of that and are getting push-back, just replace the contract.Also there are programs out there that don't require title seasoning.
Serena Holland
Rentals
31 July 2015 | 7 replies
Some of the landlords payment is from the tenant and the other is from the government...
Greg Horn
Finders Fee
2 November 2015 | 2 replies
My concern would be the fact that they are government employees and I wouldn't be surprised if there is some sort of privacy act issue at hand there.
John Fernandez
New Guy in Sacramento
3 August 2015 | 5 replies
I would like to think I'm a self starter but it can't hurt to have a good training program for my first year at least.
Vanessa Wright
Low Income Housing - Any Professional Advice
2 August 2015 | 0 replies
Areas were 90% or more of my tenants will be on sec 8 and government assistance programs.
Keith Minton
Text Codes for Rental Yard Signs, and Text Marketing.
15 November 2016 | 2 replies
Also does anyone know of a texting program or voicemail program where i can send out a blast text or call to people who have inquired about properties in the past about an up coming vacancy.
Felix Goldstein
is wholesaling illegal?
13 August 2015 | 166 replies
Government employees get paid the same regardless of that they might be doing!
Kellen Bradford
Renting homes under section 8
3 August 2015 | 4 replies
There isn't usually a move out inspection completed by the Housing Authority in most places, and only in a few locales is there any sort of program through the PHA for damages caused by renters using a Section 8 voucher.
Lorraine Pennington
Witholding Security Deposit due to Cigarette Smoking Damage?
19 August 2015 | 22 replies
I offer advice based on running my rentals like a business and the laws that govern our business.