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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (120500)5/3/2008 11:12:53 PM
From: PerspectiveRead Replies (1) of 306849
 
Wow - 37% of FHA loans seller funded, even after the mortgage implosion:

forbes.com

for those who lack the wherewithal to put even a little skin in the game, there's a workaround: a not-for-profit organization can give prospective buyers the teensy downpayment. The spigot is wide open. Of the 180,881 loans that the FHA insured in the first half of fiscal 2008, 36.7%, or 66,337, were seller-funded. With home builders and sellers desperate to make sales in a slowing real estate market, this percentage is likely to grow.

`BC
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