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Archive for Financing
FHA Is Back!
From 2003 thru early 2007 it was very difficult to get sellers in Maryland to accept a contract in which a buyer was using FHA financing. FHA stands for the Federal Housing Administration. Traditionally this type of financing was great for first time home buyers but once we got deep into a sellers market FHA became a dirty [...]
What Is A Short Sale?
For the past week I have been forwarding properties to my clients with the following remarks in the listing, ”property subject to third party approval- short sale.” Some of my clients have called me wanting to know “what is a short sale?” This is what I explained to them.
For homeowners who can no longer afford [...]
