WASHINGTON – In order to spur economic real estate activity, the 90 Day No Flipping Policy will be waived by FHA for one year effective 02/01/2010.
With certain exceptions, FHA currently prohibits insuring a mortgage on a home owned by the seller for less than 90 days. This temporary waiver will give FHA [...]

Forecast for this week is rain. Plenty of rain. This is good because we need it. Also, you can turn off your sprinklers for the week. Depending on how much rain we get and the weather remains cool, you can keep your sprinklers off even longer without hurting your lawn and [...]

Should I do a short sale? Do I qualify? What is HAFA?
In early April 2010, a government progam called HAFA will affect bank approved short sales. Banks and service providers who have signed on with this goverment progam will accept short sales based on the HAFA criteria. [...]

We heard that Wachovia is giving short sale approvals in days. They have been successful in other areas and are now coming to the south land.
Most banks are taking 4-6 months to approve a short sale. Wachovia wants to get it done fast. In addition to that, they may be [...]

Many homeowners who are upside down and are having difficulty paying their mortgage are looking for help.
Some are working directly with their banks or through an attorney to do a loan modification. Those that have not qualified for a loan modification are looking for solutions.
Foreclosure [...]