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Nearly 6 of 10 homes sold in Osceola during March, 2009 were bank owned homes. Statistics indicate that 248 of the reported 418 homes or 59.3% of the homes sold during March were homes owned by lenders.
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Showing posts with label buy a foreclosure. Show all posts
Showing posts with label buy a foreclosure. Show all posts
Nov 26, 2008
Can a buyer using FHA financing make an offer on a short sale or foreclosure?
Can a buyer using FHA financing make an offer on a short sale or foreclosure?
Yes, a buyer who is obtaining FHA financing can make offers on short sales or foreclosure property.
The problems the buyer might encounter could revolve around the FHA minimum required property standards. Minimum required property standards may result in items needing to be repaired or replaced in the home before the buyer will receive full loan approval. The short sale seller or REO lender may not be able or willing to make these repairs.
Make sure your buyer is aware that short sale and REO homes are often listed for sale in as is condition which could prevent the buyer from obtaining financing.
Contact me to discuss your real estate financing questions or use my new home search feature to find the right house for you.
Related Florida real estate views:
What is the effective date of a short sale contract?
Watson Mortgage has money to loan
Ask the seller to pay closing cost
Yes, a buyer who is obtaining FHA financing can make offers on short sales or foreclosure property.
The problems the buyer might encounter could revolve around the FHA minimum required property standards. Minimum required property standards may result in items needing to be repaired or replaced in the home before the buyer will receive full loan approval. The short sale seller or REO lender may not be able or willing to make these repairs.
Make sure your buyer is aware that short sale and REO homes are often listed for sale in as is condition which could prevent the buyer from obtaining financing.
Contact me to discuss your real estate financing questions or use my new home search feature to find the right house for you.
Related Florida real estate views:
What is the effective date of a short sale contract?
Watson Mortgage has money to loan
Ask the seller to pay closing cost
Sep 17, 2008
How do I buy a foreclosure?
We invite you to find out by attending a FREE "how to" buy a foreclosure workshop.
When:
Friday, October 24th
Time:
6:00 pm - 8:00 pm
Where:
Watson Realty
1950 E. Irlo Bronson Memorial Hwy
Kissimmee, Fl. 34744
(192, across from Silver Spurs Arena)
Please email or call me to reserve a seat.
Related Florida real estate views:
Falling Orlando home prices good news for buyers
Stop in for a free list of foreclosures
Foreclosures for sale: Million dollar houses
- Greg Staker - Watson Realty Corp. - 407-304-0255
When:
Friday, October 24th
Time:
6:00 pm - 8:00 pm
Where:
Watson Realty
1950 E. Irlo Bronson Memorial Hwy
Kissimmee, Fl. 34744
(192, across from Silver Spurs Arena)
Please email or call me to reserve a seat.
Related Florida real estate views:
Falling Orlando home prices good news for buyers
Stop in for a free list of foreclosures
Foreclosures for sale: Million dollar houses
- Greg Staker - Watson Realty Corp. - 407-304-0255
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