In an effort to boost the economy and the housing recovery the HUD announced this week the creation of the FHA Back to Work Extenuation Circumstances program. By recognizing that the credit situation that many consumers currently find themselves in, may have more to do with the irresponsible and possibly illegal actions of others than with poor financial decisions by the consumers themselves, FHA seeks to give a reprieve from the current waiting period that exempts borrowers from qualifying for FHA-backed mortgages for a certain number of years after a bankruptcy, foreclosure, short sale, or deed-in-lieu foreclosure. The letter released by the U.S. Department of Housing and Urban Development (HUD) on August 15th states, “FHA recognizes the hardships
Our series of video tutorials will take the guess work out of using our website!
This section is where we’ll be regularly posting video tutorials that we’ve created to help you get the most from our website. We’ve built a number of tools and features in to our website designed to empower your home search and strengthen your Real Estate knowledge. From learning how to create a Saved Search with email updates to utilizing all the powerful features of the Map Search tool, these tutorials will guide you through various tasks to ensure that you’re getting the most from your time on our site. Check back often as new videos will be posted regularly.
You can also visit our YouTube Channel to see ALL of the videos we’ve created.
Don’t miss the most important events in Placer County real estate news for the months of Aug-Sept, 2013. Be sure to check back often to stay up to date on the Placer County real estate market. Compliments of Pizzimenti Homes & Associates.
What the government shutdown means to REALTORS®, California Association of Realtors®
How does the government shutdown affect federal housing and mortgage programs? As the recent rejection of the Continuing Resolution (CR) means that some housing-related agencies are effectively shut down until further notice. Closed IRS and Social Security Administration offices could mean delays in some mortgage loan applications.
The good news is that the Federal Housing Finance Agency will continue operations, and will endorse