Tag: homebuyers

FHA issues new rule on foreclosure, bankruptcy and short sale waiting period

Written by Federal Title on 2013-09-10.

In its August 2013 Mortgagee Letter, the Federal Housing Administration (FHA) issued updated guidelines for giving an FHA-insured mortgage to borrowers who may otherwise be ineligible as a result of its post-bankruptcy, foreclosure or short...

How to estimate closing costs when buying a new home

Written by Federal Title on 2013-09-04.

The searching is over. The bank has been contacted. The offer has been accepted, and now the dream of owning your new home is coming to fruition. So, what are the typical closings fees that you can expect to pay as part of your upcoming settlement?...

The bait ‘n’ switch continued…

Written by Federal Title on 2013-08-27.

In Part 1, we looked at a scenario where a purchaser (Offer B) was attempting to switch from an “all cash” purchase to using lender financing under the GCAAR Regional Sales Contract, after the contract had been ratified. We concluded...

block of colorful DC rowhouses beneath azure sky

The bait ‘n’ switch: From an all-cash offer to not

Written by Todd Ewing on 2013-08-13.

Consider the following scenario: It’s a bidding war, and the seller of a property is choosing between multiple offers. It comes down to the two highest offers: Offer A: $505,000, FINANCING of 20% down and 80% loan, $5,000 earnest money deposit,...

A win for the consumer

Written by Federal Title on 2013-08-02.

We’d like to applaud Wells Fargo for announcing a move toward eliminating their role in the ABA/CBA marketplace. The bank announced last week that it would discontinue 8 joint ventures, according to a report in American Banker. We’ve...

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Tag: homebuyers

FHA issues new rule on foreclosure, bankruptcy and short sale waiting period

How to estimate closing costs when buying a new home

The bait ‘n’ switch continued…

The bait ‘n’ switch: From an all-cash offer to not

A win for the consumer

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