FHA Gives Jobless Homeowners Mortgage Relief

Here is a great article explaining the relief FHA will give homeowners who are currently unemployed.

Visit: http://www.msnbc.msn.com/id/43673643/ns/business-personal_finance/

Buyers Walking on a Short Sale -- Back on the Market Previously Approved

Chances are if you're a buyer, you've put at least one offer on a short sale. It's not a fun offer. The process is long, tedious and seems like you will never have an answer. Except when you do. We just had the buyer walk after 90 days of waiting for a bank to give an approval. The buyers, to their credit, stuck in there nearly to the bitter end, but couldn't wait any longer due to their circumstances. Also, to their credit, they weren't making offers on other homes, then ended up renting.

Because of that, this great house at 9713 Tundra Swan Circle in Elk Grove's Stonelake neighborhood is now back on the market, having been approved at the list price of $235K just yesterday. Take a look. We -- fingers cross -- hope the next approval will be quicker. Banks are getting faster, more efficient, and more willing to help distressed sellers. An offer on a short sale is not as bad as it once was, especially for FHA buyers.

http://www.postlets.com/res/3385783

FHA Buyers Forget the Tax Credit, Go for this Short Sale

I know all you FHA buyers out there are ignoring the short sales so that you can get the tax credit. However, I also know you are getting beat out by multiple offers, and those doing conventional loans or paying cash. Forget the credit and wait it out for a fabulous house. Here's your opportunity to own a home in the established neighborhood of Foulks Ranch in Elk Grove. A neighborhood of award winning schools, a greenbelt, multiple parks and amenities galore.

This home's layout cannot be beat -- it's open, airy and just waiting for your touches. It has 4 bedrooms, 3 full baths and 2291 square feet, with one bedroom/bathroom downstairs. Also, recently upgraded with a roof, air conditioner, heater, water heater and kitchen appliances.

Don't miss this house:
http://www.postlets.com/res/3551719