FHA has specific rules when it comes to purchasing a home that is in Pre-Foreclosure with a FHA mortgage on it. FHA doesn’t make mortgage loans, they Insure them – and so as the Insuring Agency (kinda’ like a PMI company) they get to set the rules! In those…
ContinueAdded by eleavor on September 29, 2011 at 4:24am — No Comments
I am still amazed at the number of REALTORS® that continue to list short sales and either attempt to process the short sale themselves and/or turn the file over to a third party title company. In many of these instances I have noticed the title company charging “short-sale processing fees” at closing in direct violation of the law. In fact, such a charge may be considered a felony as it violates Florida Chapter 494.
Federal and Florida laws involving short sales and their…
ContinueAdded by Stephen B. McWilliam on July 9, 2011 at 5:00am — 6 Comments
Added by Lou Baron on October 19, 2010 at 1:18am — No Comments
Added by Jennie Blackburn on October 9, 2010 at 7:50am — 2 Comments
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