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February 1 rule to allow FHA borrowers to make offers on foreclosed properties According to a January 16 report in the North County Times, the FHA has announced a one-year reprieve from the administrations “anti-flipping” to start in affect on February 1, 2010.The anti-flipping rule was instituted in 2004 as an attempt to prevent ...
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By Brian Flock (Examiner.com)
Distressed properties receive a “blight bailout” from Government-backed “renovation loans”Most first-time home buyers in San Diego have been looking for the perfect starter house. Yet in a market full of distressed properties from short sales to foreclosures, the ideal starter home can be hard ...
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