The FHA is catching up to the where the market place currently is. YOU NEED TO BE QUALIFIED TO BUY A HOME.
It still surprises me when I get a new prospect and give him an initial assesment and they say that they either don't have a job right now or they have a minium wage job or no money in the bank.
Right now, although you can get a loan with 3.5% down, your offer is seldom accepted anyway because there are better qualified buyers with more money to put down and therefore present less risk that…
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Posted on December 4, 2009 at 10:32pm — 1 Comment
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Has anyone wondered where all that alledged shadow inventory is? I really want to start marketing REO's and all I was able to get was memberships with 2 smaller asset companies. Is this the calm before the storm?
I also have first time buyers ...actually more first time buyers in the low end of the market than there are SFR's to give to them...I would be their hero if I could make it work for them.