Can I sell my Short Sale to a family member?

What is a short sale and do I qualify?

Appraisal Issues....

How to Sell Your Home for the Most Money in the Shortest Amount of Time!

1) Prepare your Home For Sale. Clean it, fix it, stage it.
2) Price it correctly. Get this wrong and you will miss all your buyers and end up loosing thousands of dollars.
3) Proactively and aggressively market your home using tools like Google, Trulia and Zillow which reach thousands of prospects with the click of a mouse. In addition find and agent that is going to be proactive and isn't afraid to prospect for buyers!
4) Price watch and listen to the market. It's important to make decisions based on the feedback the market is giving. Those that don't listen end up loosing!
5) Last but not least pick an AWESOME agent that is going to guide you through this process and will negotiate hard to get you the most money possible!

HUD Announcement: 90 Day Flipping Rule Waived!

HUD announced yesterday, January 15, 2010, that starting February 1, 2010 they will waive the 90 day flipping rule!

HUD will now allow for a property that is being flipped in less than 90 days to secure FHA financing!

There are certain guidelines that must be met. The biggest one is any property being flipped must be marketed openly and fairly, MLS (good news for you guys), auction, FSBO, or developer marketing.

The property being sold must meet the "arms length" transaction rules.

You can also read: http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf