Monthly Archives: June 2011

Recent Short-Sale Not Necessarily a Barrier to New Financing

FHA Guidelines What are the guidelines for borrowers with a short sale on a previous principal residence? Answer When a previously owned property was sold for less than what was owed (short sale), borrowers are considered eligible for a FHA insured mortgage if, … Continue reading

Posted in FHA, Foreclosure / Short Sales, Uncategorized | Leave a comment

Purchasers After a Foreclosure Should Ask for the Homeowner’s Title Policy

Reposting and unfortunately all too relevant post from Dwight Bickel, Corporate Counsel for Ranier Title. Did you know that some title companies do not offer the ALTA Homeowner’s Policy of Title Insurance after a foreclosure sale?  Purchasers who want the extra protection … Continue reading

Posted in Foreclosure / Short Sales | Leave a comment