HUD Suspending 90 Day Rule
January 18, 2010 by Bob Schenkenberger · 2 Comments
HUD’s 90 day rule was a condition put upon home sales stating that if the property was owned for less than 90 days, the owner could not sell it and offer FHA financing. The reason for this was to keep unscrupulous investors from buying low, and re-selling immediately for substantial profit. Investors, rehabbers, and the like, needed to wait a full 90 days before the resale could go through with an FHA loan.
2009 Predictions and Promises
January 2, 2009 by Bob Schenkenberger · 5 Comments
Happy New Year! 2009 will bring with it some exciting opportunities in the world of Denver area, Real Estate. Predictions: Foreclosure and Short Sale Transactions will continue to dominate the Denver Real Estate Market. Those looking to buy or invest in properties will get better deals than anytime in the past 20 years. The inauguration [...]
2008 Denver Real Estate in Review
December 29, 2008 by Bob Schenkenberger · 1 Comment
2008 was a difficult year for the US real estate market. Denver was not immune to the epidemic of foreclosures, and general market malaise. However, Denver fared much better than most other markets around the country. In fact, I predicted in Feb. 2008, that the Denver Real Estate market was on the mend. This, in [...]
Sponsor a Mortgage Executive!
December 18, 2008 by Bob Schenkenberger · Leave a Comment
Funny and what spending $700 Billion will inspire others to create!