Comments on: FHA Loans for Distressed Properties? http://www.prucalvoices.com/2009/03/fha-loans-for-distressed-properties/ Conversations in Real Estate Wed, 08 Feb 2012 15:43:51 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Adam Chinn http://www.prucalvoices.com/2009/03/fha-loans-for-distressed-properties/comment-page-1/#comment-845 Adam Chinn Sun, 22 Mar 2009 03:22:40 +0000 http://www.pruvoices.com/?p=847#comment-845 Thanks Again Jean! Great information. Many people I speak with ask "what's the minimum down for a home today?". Of course I tell them about FHA loans and it looks like its just gotten better. It seems like there are more and more incentives and programs coming out to help encourage people to buy. Looks like things are continuing to get better. Thanks Again Jean! Great information. Many people I speak with ask “what’s the minimum down for a home today?”. Of course I tell them about FHA loans and it looks like its just gotten better. It seems like there are more and more incentives and programs coming out to help encourage people to buy. Looks like things are continuing to get better.

]]> By: Shokoofeh Nowbakht http://www.prucalvoices.com/2009/03/fha-loans-for-distressed-properties/comment-page-1/#comment-838 Shokoofeh Nowbakht Sat, 21 Mar 2009 07:18:55 +0000 http://www.pruvoices.com/?p=847#comment-838 Jean, this is a great product. Consumers are fortunate to have this option. I'd love to learn more about it. Jean, this is a great product. Consumers are fortunate to have this option. I’d love to learn more about it.

]]> By: John Gieseker http://www.prucalvoices.com/2009/03/fha-loans-for-distressed-properties/comment-page-1/#comment-837 John Gieseker Fri, 20 Mar 2009 17:05:31 +0000 http://www.pruvoices.com/?p=847#comment-837 Jean, It's great that you discovered this. It could be the answer to the many FHA buyers who are looking at REO's and Short Sales that need more work than the FHA normally allows. Jean,
It’s great that you discovered this. It could be the answer to the many FHA buyers who are looking at REO’s and Short Sales that need more work than the FHA normally allows.

]]> By: francis G. Bautista http://www.prucalvoices.com/2009/03/fha-loans-for-distressed-properties/comment-page-1/#comment-836 francis G. Bautista Fri, 20 Mar 2009 16:22:51 +0000 http://www.pruvoices.com/?p=847#comment-836 Jean, great information on the FHA 203k product. I recently heard about it and I believe this product will not only help FHA buyers, but also help in reducing the inventory. Many first time buyers are looking at the lower priced properties and as you mentioned most are REO's and Short sales that need repair. Add the all cash buyer to the mix and it appears that they are the direct competitor for these REO's and Short sales. For the most part the al cash buyer will pay less, but will take the property "As Is." Perhaps this new FHA product may help the first time buyer compete. Jean, great information on the FHA 203k product. I recently heard about it and I believe this product will not only help FHA buyers, but also help in reducing the inventory. Many first time buyers are looking at the lower priced properties and as you mentioned most are REO’s and Short sales that need repair. Add the all cash buyer to the mix and it appears that they are the direct competitor for these REO’s and Short sales. For the most part the al cash buyer will pay less, but will take the property “As Is.” Perhaps this new FHA product may help the first time buyer compete.

]]> By: Larry Franzella http://www.prucalvoices.com/2009/03/fha-loans-for-distressed-properties/comment-page-1/#comment-835 Larry Franzella Fri, 20 Mar 2009 16:11:48 +0000 http://www.pruvoices.com/?p=847#comment-835 Jean, That is a great FHA program. It so helpful tounderstand FHA's requirements before getting into the transaction. Larry Jean,

That is a great FHA program. It so helpful tounderstand FHA’s requirements before getting into the transaction.

Larry

]]> By: Brian Boisson http://www.prucalvoices.com/2009/03/fha-loans-for-distressed-properties/comment-page-1/#comment-834 Brian Boisson Fri, 20 Mar 2009 15:05:17 +0000 http://www.pruvoices.com/?p=847#comment-834 Jean, Thanks for the informative post. That is really good news and open up a whole new type of buyer. Thanks! Brian Jean,

Thanks for the informative post.

That is really good news and open up a whole new
type of buyer.
Thanks!

Brian

]]> By: michael monozon http://www.prucalvoices.com/2009/03/fha-loans-for-distressed-properties/comment-page-1/#comment-833 michael monozon Fri, 20 Mar 2009 14:58:51 +0000 http://www.pruvoices.com/?p=847#comment-833 Thank you Jean. That is exciting news, Once we all get used to the differences FHA is going to be a major factor in the real estate home sale recovery. Most of what is being offered is not new, these programs within the FHA have been available off and on for over 40 years. Now a whole new generation of home buyers can take advantage. There is something very special about all of that. The most important thing we can do for the buyers today is learn more about all these options they have. Only then can they use good judgement and make sound decisions. They should expect nothing less from their Real Estate Professional Thank you Jean. That is exciting news, Once we all get used to the differences FHA is going to be a major factor in the real estate home sale recovery.
Most of what is being offered is not new, these programs within the FHA have been available off and on for over 40 years.
Now a whole new generation of home buyers can take advantage. There is something very special about all of that.
The most important thing we can do for the buyers today is learn more about all these options they have. Only then can they use good judgement and make sound decisions.
They should expect nothing less from their Real Estate Professional

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