Wednesday, March 10, 2010

Has Freddie Mac Eased Regs for ShortSale and REO "Flipping" ??

Has Freddie Mac eased regs for Short Sale Reo Flipping?

As spring fast approaches there is a phenomina occurring in the market that heeds notice! (kindly excuse typo\\\'s it is 1:30 a.m. but I wanted to get this info out as fast as possible!)

I am here to pass on information that Is important to the market. Recent actions

by some of our government institutions and rule makers has laid evidence to what is a tolerance

for \\\"invetors\\\" in short sale and REO

In fact short sale and reo or \\\"bank owned\\\" flipping of properties are becoming more and more accepted by
the government and major lending institutions. This
is evidenced, among other things, by Freddie Mac\\\'s
recent bulletins, updated credit policies by major
lenders allowing for C buyer financing, and revised
title bulletins stating that the C purchase price does
not need to be revealed to the A lender as long as
certain disclosures are made.

Last Friday the FHA has rescinded its 90 anti-flipping
rule and will, for a period of 1 year, allow FHA buyers
to obtain loans on properties that have been recently
purchased by investors who intend to flip them for a

This "green light" by FHA means that if you've been on
the sidelines of property flipping, you need to educate
yourself as soon as possible, because investors will be
coming on strong for 2010 given this latest news.

Visit my site and blogs regularly as I am dedicated to informing you

on the latest market conditions..if this sounds like greek to you

hold on .. in the next few weeks as this unfolds I will update you

on these conditions

Have a Great Day/// Bonnie Fagoh

1 comment:

Tampa Real Estate said...

Breaking news concerning Gov. major lending concerning Short Sales and REO "Investors!!"