The Programs includes or covers:- Up to $2.5B in second loan purchases- A maximum programs duration of 18 months- A maximum loan amount of $78,277- A minimum seasoning requirement on the first mortgage of 24 months- Only for Primary ResidencesThe effect of a guaranteed government backed second mortgage for homeowners would be significant and likely put eligible second mortgage terms in line with below market FHA and guaranteed first position mortgage rates. 

We’re in NM and require a 30-day notice on non-renewal, which will go out this week.

It's only 25 minutes to Lansing, so it may be a cheaper rental solution for people living in Lansing.Don't really know either market, so recommend you compare average rents to determine how likely it is someone would commute.

My idea is to buy a house and rent it out, so it can pay for itself while I live in a family-owned house.Would you recommend buying a house in Orlando right now?

We can close it but I would recommend having another attorney draft the agreement (we can make a referral if that would help).

This is a wholesale arrangement.I appreciate any recommendations you have.

It looks like they are sending out refund contracts kind of on a first-come, first-serve basis, with some levels of priority because there are so many investors in these deals, which is why I'm posting this to get moving on this ASAP given the number of investors who are jumping in for refunds.I do not recommend you stay in this deal because they will be raising prices.

Does anyone have any experience with the cost ballpark and requirement to do this with a single residential (not multifamily complex)? 

My final assessment on Citrona is: I do actually have a deed to a property, maybe they mean well, maybe they are outright scammers, maybe they are just trying to make a quick buck on quick flips, I am not 100% sure...but one thing for sure is that their property management company is terrible and seriously lacks communication, and I would never recommend them.

The biggest change will impact seller finance lenders who will be required to be licensed as a mortgage company once they exceed 3 loans in a consecutive 12 month period and will apply to all entities they use.