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CA market trends, FHA loan limit restored

November 28, 2011

Here is the latest edition of Trends in CA Real Estate, a monthly report from the California Association of Realtors. This November edition opens with a summary of recent market trends with respect to different price segments. The late-September reduction in the maximum conforming loan limit to $625,500 was expected to shake up activity in […]

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More changes for FHA financing

February 2, 2010

Be aware of the following if you’re an FHA borrower. If you’re on the market for condos or townhouses, effective February 1st, “spot approvals” will no longer be available. Spot approvals are stopgaps for FHA buyers to try to purchase properties, where the HOA has not been FHA-approved. You can check here for a list […]

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FHA buyers now free to collude with flippers

January 25, 2010

Okay, okay…you’ll have to excuse the title’s cynicism. You know how I feel about flipping. Guess what? HUD put a one-year moratorium on the FHA 90-day anti-flipping rule. So come February 1st, expect to see more FHA buyers writing offers. It seems quite a silly move, considering the predicament the FHA currently faces .

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Before offering on that flipped property

January 11, 2010

Buying with all cash? Then you can skip this one. (Or read on and learn what your competitors are facing.) Lots of property – especially in the outer burbs – are being offered by private investors who acquired them in foreclosure or pre-foreclosure. The problem facing buyers is that many lenders are refusing to loan […]

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