How Soon After Foreclosure Can You Buy A New Home?
Posted by relocateaz on Aug 4, 2010 in financing, Foreclosure | 1 comment
This is a question facing many homeowners who may be considering a “voluntary foreclosure” that is, to simply stop paying the mortgage and give up the home because of how much negative equity has been accrued, this is also known as a strategic walkaway. From their perspective, to continue paying a $375,000 mortgage on a...
Josh Coplan Explains New FHA Flipping Rules On The Front Page Of East Valley Tribune
Posted by relocateaz on Mar 3, 2010 in Community, Foreclosure, Gilbert, housing market | 20 comments
A recent policy change by the U.S. Department of Housing and Urban Development is encouraging flipping to foster more sales of foreclosure homes. This is a major shift in policy, as the regulations until now required a home to be on the market for 90 days before a home could be flipped. “Flipping” Coplan said,...
Waiting For The Bank To Respond
Posted by relocateaz on May 19, 2009 in Foreclosure, Selling Tips, Short Sale | 0 comments
Another topic of discussion lately in the real estate world is “Why do banks take so long to respond?” If you’re an agent or a waiting prospective buyer, you either already know that it may take one, two or even three weeks (or months) for the bank to respond to your offer or you’re about to get an...
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