David Monroe's Real Estate Blog

Serving King, Pierce, and Snohomish Counties
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  • ONE YEAR Waiting Period for FHA Loans After Short Sales

    The FHA recently changed its post foreclosure and post short sale waiting period from three years to one year for eligible borrowers.  Their new "Back To Work-Extenuating Circumstances Program" reduces the waiting period for people who had a foreclosure or completed a short sale or deed in lieu of foreclosure during the ...
    Posted to David Monroe (Weblog) by 633952 on November 21, 2013
  • Would You Give A Loan To This Buyer?

    Consider this scenario:  You paid off your house a few years ago now you’re selling it for $300,000.  You figure that you would make a better return on your money by offering owner financing instead of cashing out and investing the money somewhere else.  This is a big part of your retirement, so it’s a very important ...
    Posted to David Monroe (Weblog) by 633952 on February 6, 2010