Comments on: First Time Home Buyer Credit EXTENDED and EXPANDED! http://timandjulieharris.com/2009/10/28/first-time-home-buyer-credit-extended-and-expanded/ Harris Real Estate University | Real Estate Coaching & Training Fri, 12 Mar 2010 16:44:28 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Tim Harris http://timandjulieharris.com/2009/10/28/first-time-home-buyer-credit-extended-and-expanded/comment-page-1/#comment-12853 Tim Harris Thu, 29 Oct 2009 00:15:05 +0000 http://timandjulieharris.com/?p=6726#comment-12853 Hi, You are right...not passed yet. But, I am confident it will pass. Get this, I am being told that the FHA is changing their lending guidelines for folks who have done a Short Sale... what I am told is that the revised regs will allow someone to buy immediately after a ss provided they missed no payments...the new house is the same or less $$ than the home they SS....their credit score can be low...and they only need 3.5% down. Now, I dont think any of this is true....but, I am being told that it is. As soon as I know for certain i will let you know. Tim Hi,

You are right…not passed yet. But, I am confident it will pass.
Get this, I am being told that the FHA is changing their lending guidelines for folks who have done a Short Sale…
what I am told is that the revised regs will allow someone to buy immediately after a ss provided they missed no
payments…the new house is the same or less $$ than the home they SS….their credit score can be low…and they
only need 3.5% down.
Now, I dont think any of this is true….but, I am being told that it is. As soon as I know for certain i will let you know.
Tim

]]> By: tamigaleai http://timandjulieharris.com/2009/10/28/first-time-home-buyer-credit-extended-and-expanded/comment-page-1/#comment-12851 tamigaleai Wed, 28 Oct 2009 23:34:42 +0000 http://timandjulieharris.com/?p=6726#comment-12851 Hey there.....you know this hasn't passed yet? It's still a proposal and hasn't been voted on yet. We don't know real details of proposal until final passage has been accomplished. Obviously, it will be extended....but as to how or whether or not it will be expanded is still up in the air. Hey there…..you know this hasn’t passed yet? It’s still a proposal and hasn’t been voted on yet. We don’t know real details of proposal until final passage has been accomplished. Obviously, it will be extended….but as to how or whether or not it will be expanded is still up in the air.

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