Arvin, CA

FNMA anuncio un incentivo temporal para todos los compradores de sus propiedades en el Programa de HOME PATH para motivar a copradores que obtengan casas reposeidas. FNMA Esta ofreciendo este incentivo a las propiedades que se vendan entre Enero 28 y Abril 30 2010. Durante este periodo y Al Negociar Estas propiedades se les ofrecera a los compradores el incentivo del 3.5% del precio negociado y puede ser usado para lo siguiente:

• Gastos de cierre
• Para electodomesticos Whirlpool por Fannie Mae
• o para una combinacion sin exeder 3.5%

Para ser Elegible tiene que:

• oferta debe ser aceptada despues de Enero 28, 2010,
• Escrow tiene que cerrar antes de Mayo 01, 2010, Y
• El compador tiene que ocupar la propiedad

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HUD has just published some new guidelines that will nix some sales effective immediately if there is any suspicion that the buyer is participating in a Short Sale deal and is simultaneously renting out their previous house. If they sold their old house at Short Sale simply to take advantage of purchasing a similar or superior house for less, this is also an activity that the FHA will not condone by approving a loan. The FHA will try to monitor this situation by looking closely at the sources of rental income. The FHA may consider rental income only when the LTV of the vacated property is 75% or less. This means that generally rental income will not become a part of the qualifying income used to qualify for the FHA loan. It is ok for an FHA applicant to be renting out their previous home if they are current on the mortgage or if they have had to rent out their previous home in another city that is not commuting distance from their new location and are trying to Short Sale that distant property. This new rule means Investors and their Agents will need to look more closely at the buyer's sources of income before accepting an offer from someone expecting to get an FHA loan. You will find that deals fall through more frequently with FHA buyers, and there are seasoning issues that will delay closing in many cases. This new rule is just another reason to be wary of FHA buyers if you are doing Short Sale flips.