To help protect consumers from unscrupulous investors that "fix and flip" homes without regard for quality, the Federal Housing Administration (FHA) has a rule that requires the home owner to have possession of a home for at least 90 days before they will insure it. The means that the borrower could not qualify for an FHA loan for such a home. With all of the changes in the mortgage industry, FHA loans are now a … read on »
All posts tagged as “real estate investors”
How To Find Foreclosure Real Estate Deals
Are you still looking for a sweet foreclosure deal? I have found several personally this year, in fact, I find many more than I can afford to buy from a time or money standpoint. So am I just lucky? Well, some would say I have an element of luck in my life - I call it Faith in Action, but the principles of finding foreclosures are not that hard. First let's chat about what kinds of … read on »
