The position the County has taken has caused some grave confusion and concerns for many in the real estate industry because it is contrary to how short sale transactions have been charged recordation and transfer taxes to date.
Interest Rate update
Counties pushed for revenue, get creative and Short sales could come to screeching halt!
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FHA May Be Changing the Rules and trying to close down more fraudulent lenders.
The Federal Housing Administration is proposing to increase the up-front cash paid by borrowers as part of an effort to shore up the agency’s finances, which have been staggered by rising defaults in its flagship mortgage insurance program, according to FHA officials. The changes also include raising minimum credit scores for borrowers who receive FHA-backed … Continue reading FHA May Be Changing the Rules and trying to close down more fraudulent lenders.
Also posted in bank foreclosures, Consumer News, FHA, Finances, Financing Options, First-time Homebuyer, Foreclosure, Future of Real Estate, government bailout, housing market, Lenders, Local Real Estate News, real estate | Tagged Bowie Real Estate, FHA, First Time Buyers, home buying, Maryland homebuyer | Comments closed
