Comments on: Flippers: Prepare for the FHA Smackdown http://bobnorton.com/flippers-prepare-for-the-fha-smackdown Wholesaler. Retailer. Dealmaker. Trouble. Mon, 10 May 2010 20:41:21 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: bobnorton http://bobnorton.com/flippers-prepare-for-the-fha-smackdown/comment-page-1#comment-105 bobnorton Sun, 11 Oct 2009 03:52:57 +0000 http://bobnorton.com/?p=170#comment-105 Yes, FHA is becoming a bloody nightmare to deal with. BUT I have learned all everything I can about the procedures and I am addressing the issues. Mostly, I found a lender who will do 5% conventional with 3% concessions if you have a 680 credit score. Are you flipping in the suburbs? I love Oakland county? Share with me some of your deals...<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('105','bobnorton'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('105','bobnorton','Yes, FHA is becoming a bloody nightmare to deal with. BUT I have learned all everything I can about the procedures and I am addressing the issues. Mostly, I found a lender who will do 5% conventional with 3% concessions if you have a 680 credit score. Are you flipping in the suburbs? I love Oakland county? Share with me some of your deals...'); return false;">Quote</a></div> Yes, FHA is becoming a bloody nightmare to deal with. BUT I have learned all everything I can about the procedures and I am addressing the issues. Mostly, I found a lender who will do 5% conventional with 3% concessions if you have a 680 credit score. Are you flipping in the suburbs? I love Oakland county? Share with me some of your deals…
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]]> By: Emarae Williams http://bobnorton.com/flippers-prepare-for-the-fha-smackdown/comment-page-1#comment-102 Emarae Williams Wed, 07 Oct 2009 18:19:33 +0000 http://bobnorton.com/?p=170#comment-102 The post makes absolute sense. It seems like for the past 3 years since I have been in the business that some changes are made that effect how homes are sold. We flip homes in Detroit and the majority of our buyers are approved through FHA. I never feel comfortable with just one way to sell a home. So as you said if FHA is the only way you have then you might be in trouble.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('102','Emarae Williams'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('102','Emarae Williams','The post makes absolute sense. It seems like for the past 3 years since I have been in the business that some changes are made that effect how homes are sold. We flip homes in Detroit and the majority of our buyers are approved through FHA. I never feel comfortable with just one way to sell a home. So as you said if FHA is the only way you have then you might be in trouble.'); return false;">Quote</a></div> The post makes absolute sense. It seems like for the past 3 years since I have been in the business that some changes are made that effect how homes are sold. We flip homes in Detroit and the majority of our buyers are approved through FHA. I never feel comfortable with just one way to sell a home. So as you said if FHA is the only way you have then you might be in trouble.
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