As an investor, it’s important to know the details of HUD/FHA programs so you can deal effectively with buyers and sellers, particularly in the area of foreclosures. Owner-occupants have first choice on these properties, but when repossessed Agence immobilière Lausanne properties don’t sell, you can pick up some real bargains. So, my advice is to study the basic information I provide in this article, and then gain as much knowledge as possible from the HUD/FHA web sites. That way, when opportunities do arise, you’ll be ready to seize them. Basic Information on FHA The Federal Housing Administration (FHA) is part of the Department of Housing and Urban Development (HUD). The purpose of the FHA is to insure lenders who make loans. Established in the 1930s, this governmental agency’s aim is to make it easier for people to achieve the American dreamowning a home. Looking deeper into the purpose of the FHA, you’ll find that its function is to provide mortgage insurance for a person to purchase or refinance a principal residence. In other words, the mortgage loans are funded by private lending institutions (mortgage companies, banks, savings and loan associations, etc.), and those mortgages are then insured by HUD. This arrangement […]
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