Right. I don’t do a lot of reselling, so I didn’t memorize all the rules. I’m sure they are on the HUD website. There is like a two or three month period after buying when it is extremely difficult to get a HUD-insured loan through. Then for a few months up to the one year point it is more difficult than after, but still possible.
There is stuff like having two different appraisers. Records of fix up costs. Stuff like that.
Good Investing**************Ron Starr*************
Hi, this is Hank from FL checking back in after a long time gone. My old e-mail address (hankone@tampabay.rr.com) doesn’t work anymore, but I am the same Hank that would come here all the time with a different e-mail address.
You might remember me from the taping business cards on car windows debate, or the autodailing absentee owners bruhaha, or the Missouri LLC clunker.
Anyway, my question in the subject line is kinda dumb, but it does get to the very general point.
I know that there is a new telemarketing law in effect. Most of you don’t telemarket so who cares ? Intrest rates are now headed back up I’m glad to see. In my area, mortgage applications were at a 12 month low last month. A trend ?
Any other trends of intrest to anyone out there ?
I noticed the Homevestor billboards are gone, but I have been hearing a major radio blitz by these guys.
I got an e-mail from a friend that said her bandits aren’t pulling like they used to.
Is outdoor signage on the wane in your area?
I really don’t think I’ll be seeing many replies to this post, but what the heck, someone may post something interesting.
Well, short sales are all the rage these days. At least on the seminar circuits. Seems like people like to sock it to the beauecratic bankers.
CA real estate has continued to go up in most areas, except Silicon Valley. Not quiet as hot as last year or before, but still moving up.
This may surprise you, but there have been a lot of people stopping by to read this CREONLINE.COM website who have no money, bad credit, no experience, and want to buy real estate to make a lot of money.
There have been bargains to be bought. There have been thoughful discussions of many things. Bill Gatten hasn’t been pushing the PACTrust here lately.
The FHA has changed rules to attempt to head off false over-priced appraisals related to “flipping” scandals. More red tape when you want to sell a rehab to a person wanting FHA-insured loans.
Good Investing**************Ron Starr****************
How’s the market in OH? What town are you in? Last I heard, the market in OH (if I may generalize) is not as much of a sellers market as most of the rest of the country.
Re: Been gone for 8 months - what did I miss ? - Posted by Jasonrei
Posted by Jasonrei on August 27, 2003 at 22:20:15:
Not really fiery hoops. Before 3 months, no. Between 3-12 months you need to get a second appraisal and be able to document repairs if they ask. I just sold a house FHa that I’d owned 3 1/2 months. Paid for a second appraisal. First appraiser asked for a list of repairs. That was all.