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  • Crystal M. Bush June 21, 2011 at 1:21pm

    This is a Code of Federal Regulations citation which can be searched for at http://www.gpoaccess.gov/cfr/retrieve.html.

    • Monica Dehnert > Crystal M. Bush June 22, 2011 at 2:01am
      Thank you Crystal.
  • Jose Rivas (DGRA) CDPE, SFR June 21, 2011 at 10:19am

    Fallow this link, http://www.city-data.com/forum/real-estate/1239650-property-being-s... there is a lot of good information there.

    In a nutshell it is a reverse mortgage and insured by HUD, when listed it has to be an arms length transaction. Seller wont make any repairs, but those required by local municipalities, HUD or VA.

    Property is being sold subject to 24 CFR 206.125... ? (disclosing, conversion, appraisal) - Real Es…
    Can anyone explain in layman's terms what the phrase in the title means? I'm looking at a home and it has this stipulation in the listing. Here's some
    • Monica Dehnert > Jose Rivas (DGRA) CDPE, SFR June 21, 2011 at 10:22am
      Thank you Jose, I will check out the link. Received a listing, that requires me to put that verbiage in the MLS information.
      • Jose Rivas (DGRA) CDPE, SFR > Monica Dehnert June 21, 2011 at 2:48pm

        I guess it is from RMS

         

        • Monica Dehnert > Jose Rivas (DGRA) CDPE, SFR June 22, 2011 at 1:57am
          Yes, it is.
          • Jose Rivas (DGRA) CDPE, SFR > Monica Dehnert June 22, 2011 at 3:53am
            I have two with them, in my case the appraisal was high, they are hard to negotiate, the listing price is the only acceptable price. Other than that they are a very good company to work for.
            • Monica Dehnert > Jose Rivas (DGRA) CDPE, SFR June 22, 2011 at 4:20am
              Funny you should say that, my BPO came out $20,000 below the appraisal.
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