Coach Dan Foster | Purpose Driven Broker

The federal government hopes to help low-down-payment home buyers, investors who fix up foreclosures, and communities burdened with too many bank-owned and foreclosed homes — all with one potentially far-reaching policy change.

Over the past month I’ve received a number of questions from both clients and agents regarding Lease Options. I’ve summarized the basics around lease option agreements in this post. I recommend that you speak directly with an attorney or your principal broker about the specifics of helping your client fill out the forms. Here are [...]

FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today. Under the guidance, FHA-approved lenders can develop [...]