If you are not aware, there
is a new program opportunity through FHA called ‘Back to Work’- Extenuating
Circumstances There are a three main
requirements for borrowers who have experienced an Economic Event and
can document that: 1-
certain credit impairments were the
result of a Loss of Employment or a significant loss of Household Income beyond
the borrower’s control; (20% decrease in household income for at least 6
the borrower has demonstrated full
recovery from the event; and, (one year’s time)
the borrower has completed housing
counseling (30 days prior to loan submission)
Below is a Link for you to
advise your borrowers of the counseling offices throughout the United States
Author:Jim Cavoto Phone: 720-309-3014 Dated: September 6th 2013 Views: 2,260 About Jim: Jim Cavoto has been serving Colorado Real Estate market since 2000. Jim carries both Real Estate Em...
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Engel & Völkers is one of the world’s leading service companies specialized in the brokerage of premium residential property, commercial real estate, yachts, and aircraft. Based in over 800 locations in total, Engel & Völkers offers both private and institutional clients a professionally tailored range of services. Consultancy, sales, and leasing form the core competencies of the staff of more than 11,000 people. The Company is currently operating in over 30 countries on five continents.
Since 1977, we have been the select provider of high-end premium real estate services throughout Europe, Asia, and North America. We use the latest technologies, manage an extensive network of exclusive listings and potential buyers, partner with influential media outlets, and employ the highest-caliber agents who strive to represent our distinguished brand.
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