Posts Tagged ‘biggerpockets

Higher Conforming and FHA Loan Limits Extended Through 2010 | High …

Monday, November 2nd, 2009

Congress has extended the higher loan limits for conforming and FHA loans through 2010. This greatly helps home buyers in high cost areas, like California, where many buyers have had to turn to more expensive jumbo loans in the past.

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Higher Conforming and FHA Loan Limits Extended Through 2010 | High …
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FHA loan question about buying a house that needs work.?

Monday, November 2nd, 2009

I just recently bought a house for 52,500 to fix up and sale. Under my brokers advice I just chose to place it up for sale with only minor work for 68k. I have an a lot of cash offers and 1 offer for 68k from someone that is using a FHA loan. The house needs subfloor work, joists work and a cement pier repaired. It will also need a new roof soon. I did a sale contract to these people that was excellent for 15 days and got a back up contract with a cash offer in case the sale falls through. Whats the chance of the sale falling through if the people have decent credit, probably 0 down and are buying a house that needs work totalling around 10k? Thanks!

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How can I ask Countrywide to waive the “pre-payment” penalty or the past due to decrease the closing cost? !!!

Tuesday, August 11th, 2009

Hi friends, I just sold my house FINALLY!!! But on Friday I have to sign out and the HUD just came with a "prepayment penalty" 12k and a late charge of past due payments of over 11k. If I dont close on Friday, this mortgage will be at Foreclosure and the bank will loose !!! but they dont want to waive of these costs for no reason and I just dont have the cash for all these costs!!!! Please help!!! what do you recommend me to question this bank? They are saying NO, NO, NO all the time without thinking that they will loose more on foreclosure than waiving something .. they are just stupid and that is why they are nearly broke !!! please help me here !!
How can I make them WAIVE OFF some of these costs ????
I tried to talk to them since my buyer has to buy on Friday but still they are saying NO and that they have process and NO options. I went to managers and they just DONT CARE to have another foreclosure !!! I am tired of explaining that to them but they keep brushing me and transfering me over and over … I cant believe that they dont want to deal with me here.

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Can 18 year olds apply for Section 8 housing of HUD?

Saturday, August 8th, 2009

I’m only 17 but I’ve been kicked out of my house. I’m trying to find someone to stay with until i turn 18 but I just dont know if i can apply for Section 8 or HUD because I’ll be 18 and still in school working a full time job and all that excellent stuff. So if anyone can answer my question I would greatly appreciate it. Thanks

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