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Monthly Archives: June 2013
HUD Homes for $1 – well, maybe, but not to you!
Neither an individual nor an investor can purchase a HUD home for $1. And even though individuals who use FHA and are owner occupants can buy HUD homes for $100 down ( ) or certain qualified public servant home buyers … Continue reading
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Dodd-Frank law: truth or “unintended” consequences?
8-10-2014: Dodd-Frank law took effect July 21, 2010. With 2,300 pages, it has overloaded regulatory agencies and about half o the regulations required by it have been finalized and >45% of Congressional deadlines have been missed. There have been unnecessary … Continue reading
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Buying a HUD Foreclosure for $100 down?
Yes – you can buy an FHA foreclosed (HUD) home with $100 down… But you must use FHA financing; the total estimated repairs don’t need to be under $5,000 (i.e., FHA insurable) as long as FHA financing is used; and … Continue reading
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