If you are not aware, there
is a new program opportunity through FHA called ‘Back to Work’- Extenuating
Circumstances There are a three main
requirements for borrowers who have experienced an Economic Event and
can document that: 1-
certain credit impairments were the
result of a Loss of Employment or a significant loss of Household Income beyond
the borrower’s control; (20% decrease in household income for at least 6
the borrower has demonstrated full
recovery from the event; and, (one year’s time)
the borrower has completed housing
counseling (30 days prior to loan submission)
Below is a Link for you to
advise your borrowers of the counseling offices throughout the United States
Author:Jim Cavoto Managing Broker Phone: 720-309-3014 Dated: September 6th 2013 Views: 2,192 About Jim: Jim Cavoto has been serving Colorado Real Estate market since 2000. Jim carries both Real Estate Em...
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Marc was very professional, knowledgeable, courteous, patient and an all-around great person. He took the time to educate us, as we were first time home owners, and show us all around the Denver metro area. He also continues to follow up with us after the sale, which we really appreciate. I highly recommend Marc for your relocation needs.