MORTGAGE, EXPERT, MICHIGAN, BIRMINGHAM, BLOOMFIELD, DETROIT, ROCHESTER, ROYAL OAK, TROY
On Wednesday, January 20, an announcement by FHA Commissioner David Stevens made it clear that HUD intends to raise the bar on qualifying for an FHA mortgage. Michigan Homebuyers, and buyers across the country should take notice as these changes will start this spring, just [...]
Hope continues to rise for the distressed American homeowner. Just this Friday, January 22, HUD made another welcome announcement enabling distressed homeowners with FHA-insured mortgages to qualify for loss mitigation assistance even before they go into default. Previously, a homeowner can only be eligible for such assistance after they had missed a series of payments [...]
If you’ve been looking into investing in government foreclosures, you’re on the right track. As far as investing in property goes, you can’t beat the profit potential inherent in tax foreclosure properties. If you bypass the tax sale auction and purchase directly from the owners themselves, you stand to find some pretty good deals. (See [...]
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