Real Estate Home Blog

Real Estate & Economy News

Posts Tagged fha

Brand New Rules in Favor of Flipping

Mar 12

Posted by Real Estate Home Blog in Real Estate | No Comments

Residential real estate never used to like the term “flipping”, but things have changed since then. The latest changes in policies actually encourage flipping in order to sell more foreclosed homes, which are already horribly damaged – something that area realtors are also in favor of. There are hopes of this helping today’s struggling home market.

Back in the days when there was a boom in real estate and home values had risen, flippers could buy homes to sell them for a profit without increasing the value of the homes in any way. To stop this practice from going on, the rules were changed to forbid property flipping on properties financed with FHA-insured mortgages.
Read the rest of this entry »

Tags: ,

FHA Flipping Foreclosures

Mar 9

Posted by Real Estate Home Blog in Real Estate | No Comments

It seems that the government is hitting three birds at once with a single far-reaching change in policy. The government wants to help the investors that fix foreclosures, communities troubled with a lot of foreclosed and bank-owned houses, as well as homebuyers with low down payments all at the same time.

Read the rest of this entry »

Tags: , ,

15 Mortgage Companies Subpoenaed by HUD

Feb 5

Posted by Real Estate Home Blog in Economy, Real Estate | No Comments

The HUD says that it is currently taking a much closer look at several mortgage companies in order to find out why there have been so many problems when it comes to mortgages insured by the FHA.

There are 15 companies in total, all of which were given subpoenas recently and demanded data and documents related to loans that have failed and which have ended in claims that were paid out by the FHA’s fund of mortgage insurance.

Read the rest of this entry »

Tags: , ,

Values Go Down, Thanks to New Rules of Home Appraisal

Jan 21

Posted by TeamAguilar in Economy, Loans, Real Estate | No Comments

Home buyers that take out home loans insured by the government may soon learn that their mortgage brokers cannot choose appraisers anymore. This has come about to make sure that appraisers do not get pressured into inflating values the of homes.

Starting next month, brokers of mortgage won’t have the power to order loan appraisals that are FHA-insured anymore. This would mean that consumer home appraisals are going to reflect the value of a home much more closely since brokers that would usually profit from approved loans won’t be choosing appraisers that could declare higher values.

Read the rest of this entry »

Alex Aguilar
Alex Aguilar
Team Aguilar Real Estate Agent & Blogger!
San Diego Houses
Real Estate Blog

If your looking for real estate in San Diego, Riverside or Imperial County you have arrived at the right place. Please feel free to contact us and please read our Real Estate Blog and leave your comments.

Tags: , , , ,