New HUD program can benefit first time home buyers in DC. Also, speed resales on forclosed properties Precision Funding HUD secretary Shaun Donovan announced a temporary policy which will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties, according to a press release from the U.S. Department of Housing and Urban Development. Currently, there are 3,000 properties that are in forclosure status each year in the DC area. FHA had probibited insuring a mortgage on home owned by the seller for less than 90 days. Now, this lift will give the buyer the more otions on recently foreclosed home with this $2 billion neighborhood revitalization initiative.
Rate this Article:
-
Article Tags:
pillarpropertyforsale,
bad,
credit,
good,
credit,
bankruptcy,
md,
dc,
financing,
options,
rent,
to,
own
- Related Articles
- Related Q&A
|
A Little Good News is Better than None
By: Sim Whatley | 19/01/2010At last there is some refreshing news for the real estate sector in Dubai. According to research conducted by the firm Asteco, the prices of Dubai apartments and villas have by and large remained stable for the third and fourth quarter of 2009.
The present and future of Las Vegas foreclosures
By: Iwona Filetti | 19/01/2010Affirmative steps will help get out of the prevailing condition and more employment opportunities will lead to stability in the economy and the real estate market in turn leading to less Las Vegas Foreclosures.
Miami Foreclosures are an excellent deal and have uncomplicated procedure of buying properties
By: Iwona Filetti | 19/01/2010Miami properties are a preeminent buy. Moreover, the help provided by the state and federal agencies is an additional gain for people buying properties through Miami Foreclosures.
Detroit foreclosures, moving focus from residential to commercial foreclosures
By: Iwona Filetti | 19/01/2010Detroit foreclosures are shifting to commercial properties, which form the backbone of the economic development of the city. Even though, commercial properties form one fourth the amount of the residential foreclosures. Commercial Detroit foreclosures, needs extra importance.
Phoenix foreclosures added negative statistics than positive
By: Iwona Filetti | 19/01/2010Residential or commercial, both type of foreclosures put a disappointing impact on the development of the city. Moreover, increasing Phoenix foreclosures are showing more negativity than positivity in the current statistics.
San Antonio foreclosures have augmented with added reasons to buy an abode here
By: Iwona Filetti | 19/01/2010Although foreclosures have amplified, one can say that San Antonio has gargantuan to offer and San Antonio foreclosures are the best way to buy a dream home at affordable prices and with added bonus.
Defaulting and Re-Defaulting is leading to more Dallas foreclosures
By: Iwona Filetti | 19/01/2010Although the foreclosure numbers showed high on the charts in Dallas, it was the re-posting of properties that led to these towering figures. Considering the trivial plunge in the prices and the numbers, Dallas foreclosure situation seems to be improving.
Houston foreclosures are convalescing swift and steady
By: Iwona Filetti | 19/01/2010Houston foreclosures have been steady in the past three months. If this continues, Houston foreclosures will stabilize further and even reduce drastically.
It is more than just flipping houses and making cash: You have to have an understanding of the housing market
By: Stephen Marcum | 15/01/2010 | Real EstateMany greenhorn individuals not in the real estate industry believe you can just go out and purchase a home and flip it for a good return on their initial investment.
Property investments provide the much need cushion in a rollercoaster market
By: Stephen Marcum | 15/01/2010 | InvestingIn many neighborhoods Maryland and DC, you see empty homes with realtor signs on the front lawn.
Looking ahead in the real estate industry in Maryland: Recovery is in sight after two years
By: Stephen Marcum | 15/01/2010 | Real EstateAfter many setbacks in the U.S. economy ranging from unemployment, less government spending, escalating home foreclosures and corporate bankruptcies, there are still signs of optimism for real estate investors and home buyers.
It is not the location It is the equity and presence of cash flow you should look for
By: Stephen Marcum | 12/01/2010 | InvestingPillar Property Group has learned from professional experience that location is not everything. When you are considering a return on your investment, you need to investigate into areas where there is visible and steady cash flow as well as properties with nice equity.
Powerful investment tool: the self-directed IRA
By: Stephen Marcum | 12/01/2010 | Real EstateIf real estate investors do not have a self-directed, IRA, they need to think about doing so because they are missing out on the benefits of them.
Our recommended 10 points to consider when looking at homes
By: Stephen Marcum | 31/12/2009 | Real EstateWith the extension of the tax credit for first-time home buyers, this is the time more than ever to be a prudent and a smart comparison home shopper when considering the purchase of a new home.
Take advantage of the price reductions in the DC home market while you can
By: Stephen Marcum | 31/12/2009 | Real EstateHomes in the DC market have experienced at least one price reduction since the beginning of Dec. 2009. This price reduction is the lowest for the year. The total amount slashed dropped from $28.1 billion to $24.7 billion. What does this mean? Great deals for potential buyers in the area.
About the Author: