October 23, 2017

List of FHA Foreclosed Homes For Sale Reveals Bargains For Homebuyers

The FHA is swamped with foreclosed homes that they are trying to sell nationwide.  Single family homes foreclosed on by the FHA are being sold through the U.S. Department of Housing and Urban Development (HUD).  Since holding an empty house is an expensive proposition for a lender, HUD is a motivated seller.  Accordingly, many single […]

Becoming A Homeowner Is A Difficult Goal For Many Americans

Most Americans have traditionally viewed home ownership as part of the American dream.  Owning a home was rightfully viewed as one of the bedrock principles for building long term wealth through equity appreciation.  For decade after decade home values increased and by 2007, the mantra of “home values never decline” became part of the national […]

FHA Fixed Mortgage Rate Of 2.75% Possible By Year End

How low can mortgage rates go?  A few short years ago, borrowers who were able to refinance in the mid to low 5% range thought they would never have to refinance again. Little did anyone realize during the housing boom years that the subsequent crash in housing prices would result in mortgage rates lower than […]

The First Step When Facing FHA Mortgage Foreclosure Is To Find Out What Your Options Are

Not since the Great Depression have so many American homeowners faced hard economic times.   High unemployment, a very slow economy and lack of income growth have resulted in millions of homeowners facing foreclosure.  The crash in real estate values since 2008 has resulted in negative equity for millions of FHA borrowers which makes refinancing or […]

FHA Purchasers Immediately Have Negative Equity – The Buying Dilemma

Most first time home buyers who have done their homework know that there are both benefits and disadvantages associated with FHA mortgage financing. Real estate agents and the mortgage industry will typically stress the benefits of a low down payment requirement and flexible underwriting standards with FHA financing.  However, there are also disadvantages associated with […]