Huds New Agenda -
Anybody familiar with HUDs new agenda?
The inside word is that HUD is cracking down HARD and I mean HARD on its loan investors and making them do everything possible to reduce the amount of defaults. They will be suing their investors for 3x the insurance amount in some cases if they fail to follow all of HUDs new guidelines in regard to avoiding foreclosures.
Basically we should be seeing lenders doing everything possible to avoid a foreclosure, this is going to effect a lot of stuff. Banks will be working with homeowners in ways never seen before or at least seldom seen before, up to even forgiving missing payments! Very interesting stuff is in the works.
I find is quite humorous that in a forum that is suppsidly filled with actual real estate doers and not talkers that there is no discussion of this very important topic that would seem to effect just about every rehaber in one way or another, either directly or indirectly.
http://courttv.smallbusiness.findlaw.com/business-structures/llc/starting-business-name/starting-business-name-glossary.html
thanks....