Tag Archives: investors

Have we lost all common sense?

Here’s a  parody of what it is like to purchase a bank owned home in today’s market.  Sad but true the conversation is very realistic.
Best enjoyed with a Cabernet or perhaps a nice stout beer.
Unfortunately there’s so much truth to this it makes me want to cry.

Posted in Humor | Also tagged , , , , , , , | 2 Comments

Flippers given a stay of execution!

Good news for investors who want to capitalize on current market conditions. FHA has announced:
In an effort to facilitate the sale of bank-owned properties, the Federal Housing Administration (FHA) has temporarily suspended its 90 day rule against flipping properties. Under the anti flipping rule, the FHA will not insure a mortgage loan if the [...]

Posted in Current Events | Also tagged , , , , | Leave a comment
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