Shopping for Your Home Loan: HUD’s Settlement Cost Booklet

The U.S. Department of Housing & Urban Development (HUD) has released “Shopping for Your Home Loan: HUD’s Settlement Cost Booklet.”  Click the link below to view the booklet:

Settlement Booklet December 15 REVISED

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Use a reverse mortgage to purchase a home

Click the link below for information on reverse mortgages to purchase a home:

http://www.hud.gov/offices/hsg/sfh/hecm/faqs_hecm.cfm

Fannie Mae Offers “First Look”

Fannie Mae offers it’s properties to owner occupants for the first 15 days via its program called “First Look”.

Click the link below for the details of “First Look”.

http://www.fanniemae.com/newsreleases/2009/4868.jhtml?p=Media&s=News+Releases

IRS Publication 4861–Canceled Debts, Foreclosures, Repossessions and Abandonments

When negotiating a short sale on a mortgage, know what could be your future liability may be. Click the link below and go to page 11 and view table 1-1.

http://www.irs.gov/pub/irs-pdf/p4681.pdf