real estate expert: Concessions on Seller Concessions - 01/26/12 10:40 AM
Has your year gotten off to a good start? 2012 appears to be more encouraging on the home front! If you recall, last year FHA, in all its wisdom, announced intentions to drastically reduce the maximum seller concessions from 6% to 3%. Not good news for buyers, sellers or the industry in general. So many transactions rely on FHA and seller contributions, and couldn't happen without them. Well the troops mobilized with voices from lenders, Realtors, builders and consumers and HUD wants you to know they're listening. The details haven't been finalized, but word is out that there will be higher … (0 comments)

 

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