In my book that is good news. Helps to move some more properties, helps with buyers that have little money to buy a home that has already been re-habbed. Helps all-around.
With so many buyers doing FHA financing these days and so many distressed properties on the market and still waiting to be released? This program will help move some of those properties quicker.
Any investor waiting on those court house steps to buy at discounted pricing because they have the cash to do it can continue to re-hab the properties and have more buyers available to buy them when they are ready to be sold.
Yes, those investors with cash waiting on the steps are making money. Of course. But, I'm just looking at the rainbow of opportunity for many buyers. And, yes the FHA program will still have protection stipulations for the transaction. But, it's more homes moving. And the more we move out of the dang 'Shadow Inventory' and into the hands of home-owners, the better.
And, I'm flipping with joy!
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