All Posts Tagged With: "money"
Will HUD Allow FHA Loans With No Money Down?
Has HUD changed its mind?
On Monday, May 11th, HUD posted Mortgagee Letter 2009-15 which explained that “Federal, state, and local governmental agencies and nonprofit instrumentalities of government, FHA-approved nonprofits, and FHA-approved mortgagees may provide short-term or “bridge loans” secured only by the anticipated tax credit due the homebuyer as collateral.”
Immediately the letter was removed from [...]
Secrets of Real Estate Wealth Revealed By Masters
Real estate and real wealth have been a natural combination ever since someone wanted the best cave in the valley. Even at a time when the stock market has soured to historic highs, real estate remains the bedrock of some of the largest fortunes in America.
My interest in real estate and money began in [...]
Money & Houses: A Time For Perspective
The rising tide of Wall Street wealth seen in the past few years has no doubt powered the terrific real estate market we have all come to enjoy. And yet, if you’re in real estate, you have to wonder if the current wealth-building process actually holds down home ownership levels and thus brokerage opportunities.
The [...]
How is real wealth created in real estate?
In real estate, and with other investments, it is not enough for values to increase over time.
The reason is that we measure the value of goods in cash. The catch is that when inflation strikes, individual dollars buy less. Seen another way, it takes more dollars to buy a given item, thus prices appear [...]
Can I Buy A House With Mattress Money?
Mattress money — cash not deposited in banks and other repositories — has long bothered lenders. They wonder where the money comes from, and if it was obtained illegally.
Traditionally, lenders have refused to accept mattress money from home buyers. However, Freddie Mac has said that in some cases it would allow buyers to use cash [...]
Can I buy a house with an award from a lawsuit?
Sure — if the money is there. But, until the matter is finally resolved, appeals run out, and a check is cashed, how does anyone know that there will be money available for a realty purchase?
What if someone contracts to buy a home today with $20,000 in cash due at closing in 60 days [...]
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