Brian's Colorado Springs & Pikes Peak Region Web Log (Blog)

The U.S. Department of Housing and Urban Development has waived its 90 Day restriction rule on FHA Financing for 1 year to allow for quicker resale of foreclosed properties. In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan today announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties.

Read More Here http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-011

Posted by Brian Wess on January 27th, 2010 10:44 AMPost a Comment (0)
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Brian L. A. Wess (Pat Newell & Associates - Metro Brokers): Real Estate Agent in Colorado Springs, El Paso County, Colorado

 


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