Rob Rose Danville: Rob Rose of Danville Offers Free Service to Would ...

Robert Rose Danville: Rob Rose of Danville Offers Free Service to Would ...: Rob Rose Broker owner of the Rob Rose Group in Danville California is offering a free service for those that are about to rent a home and want to make sure the owners are not in default. This service is for California only. Contact Rob Rose Danville here http://robrosedanville.net/

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Rob Rose of Danville Offers Free Service to Would Be Renters

Rob Rose Danville  Broker owner of the Rob Rose Group in Danville California is offering a free service for those that are about to rent a home and want to make sure the home is not in foreclosure. With so many renters being scammed out of their security deposit and 1st and last month’s rent.
Rob Rose came up with a free service to verify the landlord is not in default. Just send an e-mail to Rob Rose at rob@roseteam.com with the full street address and city along with your contact information including phone number and Rob will call you with the findings. The home must be in the State of California for Rob Rose to offer this free service.
Rob Rose is the Broker/Owner of the Rob Rose Group a Real Estate company that specializes in foreclosed properties. http://robrosedanville.net/

Rob Rose of Danville says...FHA Keeps Funding Investors Flips

In a move that will undoubtedly make investors stand up and cheer, the Department of Housing and Urban Development (HUD) announced today that the Federal Housing Administration is extending a temporary waiver of its “anti-flipping” rule. The waiver is a boon for investors who rely on rehabbing and selling properties in a short timeframe, and homeowners who rely on FHA-insured financing to buy.

The pool of buyers who rely on FHA dramatically increases the investors’ ability to quickly sell. FHA research finds that in today’s market, it takes a real estate investor less than 90 days to acquire, rehab, and sell a property. Before the initial waiver in February 2010, FHA did not allow potential buyers to purchase properties that had previously been purchased within the last 90 days to protect its mutual mortgage program from losses on homes that were not rehabbed, but flipped at inflated prices.

The waiver is subject to certain restrictions, including that transactions must be at arms-length, meaning that the deal must be made between separate parties who would not gain from the buying or selling of the property.

The waiver was set to expire on January 31, but now will be in effect through December 31, 2012.

This is great news for the thousands of potential homeowners who are first-time buyers or those who lack the down payment required on a conventional loan, as well as real estate investors that have built a business around rehabbing properties and selling to FHA borrowers.

As investors, how much of your business in 2011 has come directly from this waiver? We’d love to hear how this has helped your business.

Rob Rose of Danville California is the Broker Owner of the Rob Rose Real Estate Group