Indiana Real Estate Post

HUD’s New Deadly Short Sale Rule

   Click here to give me your comments So we all know that short sale fraud is in the Real Estate industry. We read about it in the news from time to time. So HUD has a NEW Rule that is slated to start on October 1st. It’s a rule that frankly is going to severely limit the number of real estate agents willing to take them. I came across this story at Inman News about HUD’s new short sale rule. It says that if you list a HUD short sale (that is a property that has an FHA loan on it), you can’t represent the buyer on the property as well. Not so bad right? I me...

September 25th, 2013 | HUD - FHA Financing Programs, Indiana HUD Info, Indiana Realtor, HUD’s New Deadly Short Sale Rule

New HUD Program

The FHA has made it drastically easier for once-struggling homeowners to qualify for an FHA loan. The Federal Housing Administration has announced in Mortgagee Letter date August 14, 2013 that it will reduce the time homebuyers must wait after a bankruptcy, foreclosure or short sale before qualifying for an FHA-backed mortgage. The period had previously been two years following a bankruptcy, and three years following a foreclosure or short sale. The agency has now reduced the waiting period to one year.       "FHA is finally getting something Right and recognize...

August 22nd, 2013 | Featured Loan Programs, HUD - FHA Financing Programs, Indiana HUD Info, New HUD Program

Indiana HUD Info

The Office of Housing provides vital public services through its nationally administered programs. It oversees the Federal Housing Administration (FHA), the largest mortgage insurer in the world, as well as regulates housing industry business. The mission of the Office of Housing is to: Contribute to building and preserving healthy neighborhoods and communities Maintain and expand homeownership, rental housing and healthcare opportunities Stabilize credit markets in times of economic disruption Operate with a high degree of public and fiscal accountability Recogni...

January 30th, 2012 | Indiana HUD Info, Indiana HUD Info

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