June 1, 2009
As we reported a few weeks ago, FHA was working out the details of a plan that would allow first time home buyers to use their federal income tax credit at closing. On Friday, HUD announced the details. San Mateo County first time home buyers who qualify for the $8,000 federal income tax credit and [...]
Read the full article →
April 27, 2009
When a property does not meet the minimum standards required by a lender, rehabilitation is involved. Typically, this means a lender will not make a long term loan on the property until the improvements are complete. In the past, the only way to do this would be with a construction loan which comes with high [...]
Read the full article →