Thursday, December 14, 2006

Saturday, December 09, 2006

Foreclosures - as little as $100 DOWN PAYMENT

The U.S. Department of Housing and Urban Development (HUD) has announced a new Sales Incentive Program for Owner Occupants beginning December 8, 2006. Designed to increase opportunities for homeownership over the Holiday Season, the ''FHA Brings the Holidays Home'' campaign is designed to assist low- to moderate-income families by offering special incentives on the sale of HUD-owned single-family homes across the country. During the December 8, 2006 – January 5, 2007 sales event, homebuyers who purchase a HUD-owned home and finance the purchase with an FHA-insured loan are entitled to new sales incentives. Homebuyers must sign an Owner Occupant Certification that they intend to occupy the property as their primary residence for at least 12 months and must not currently have an FHA-Insured Mortgage. The incentives are: $2,500 Holiday Home Improvement Allowance $500 Selling Broker Bonus Minimum Required Downpayment of Only $100 The incentives may not be combined with other HUD discount sales. In addition, certain exclusions may apply. To Submit a bid on a HUD Approved home - Call Robert J Russell with RE/MAX DFW - http://www.robertjrussell.com 972-679-9029 or 1-800-856-3550 ext 3568