BANKRUPTCY CAN GET YOU A BETTER LOAN?
It is increasingly likely that judges will get the power to rewrite mortgages for homeowners facing bankruptcy, some analysts say. The banking industry has fought these mortgage "cram-downs," but voluntary foreclosure-prevention programs aren't working so far, and judges may be given the power to step in.
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http://www.floridarealtors.org/NewsAndEvents/n5-010609.cfm
3.5% DOWN PAYMENTS STILL AVAILABLE!
Don't believe everything you read, says NAR. As part of a housing story, a number of media outlets say buyers now need a 20 percent downpayment to get into a home, which is not true. FHA mortgages, for example, require only a 3.5 percent downpayment.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n3-010609.cfm
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