St. Louis Real Estate - Mortgage News - FHA takes the gloves off

FHA Lifts 90 Waiting Period by Chris Scheer, Cornerstone Mortgage, O’Fallon, MO

In a move to help get foreclosures off the books of lenders quicker and help avoid deterioration of properties that have been foreclosed upon the Department of Housing and Urban Development has lifted their ban on writing a contract if the title has changed in the past 90 days. 

See the following article: FHA Lifts Waiting Period, Extends Insurance Coverage

For further clarification you can visit HUD’s website.

 

 

For questions or comments please contact Chris Scheer at chrisscheer@stlouisrealestatevoice.com

This entry was posted on Wednesday, June 18th, 2008 at 3:18 pm and is filed under First Time Home Buyer, For Buyers, For Sellers, Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.