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To: x5452
Sounds like cheap HUD homes to come!

I list and sell over 100 properties a year.

I haven't seen an offer with Government (FHA/VA) financing in almost 4 years.

When conventional lenders are offering 100% financing with "stated income" (not verified), why put yourself in a position to be scrutinized by FHA underwriters?

15 posted on 10/14/2005 9:15:54 AM PDT by DCPatriot ("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon)
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To: DCPatriot

where are you located? i live in upstate ny and see them semi-frequently, usually the price is right anyway but if they end up cash strapped, and with thousands of bad loans prices should get even better.

i don't really care if they verify my income, i actually don't see an advantage to buying something i can't afford.


17 posted on 10/14/2005 9:23:09 AM PDT by x5452
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