FHA’s 90-Day Seasoning Requirement is Temporarily Lifted
January 19, 2010 by Victoria Stankard · Leave a Comment
HUD announced that it will temporarily suspend the 90-day seasoning requirement (waiting period) for property re-sales financed with FHA loans. The 90-day wait has made it more difficult for FHA borrowers to bid on foreclosures, thus, slowing down the housing recovery. Why the 90-Day Seasoning Requirement was Established The reason why HUD established the 90-day wait in 2003 [...]
Tougher Rules Coming for FHA Mortgage Applicants – Charlotte NC Real Estate and Finance
December 7, 2009 by Victoria Stankard · Leave a Comment
FHA-insured home loans have become extremely popular. Since 1983, the Federal Housing Administration, which is part of HUD, has been helping people fulfill the “American dream of home ownership.” By insuring loans, lenders have been able to offer better deals with easier credit qualifying along with lower down payments and closing costs. However, tougher rules [...]
Leigh Brown, aka The Real Estate Diva, is a native of Concord NC in the Charlotte area. She grew up on a farm at the edge of Cabarrus County, still goes to the same church she grew up in (home of the world famous Mallard Creek Barbecue!), but has become a leader in area real estate through constant learning and continually upgrading technology to better serve buyer and seller clients. Leigh does indeed have a reputation as a barracuda-when it comes to protecting client interests. Her softer side is reserved for her husband and two kids who provide a constant source of joy-and entertainment
