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FWIW, our FCV on our tax appraisal is over $376K but everyone says this is worthless.
The counter of $350K with their 3.%5 required down (FHA) puts them under the FHA loan limit.
My agent has been perfect in this so far. Now we just need the buyer to accept our counter - which I believe is a generous counter.
Good thing they are doing this before end of 2009. 2010 FHA limits have been dropped. New single family limit in Maricopa County will be $271,050, down from $346,250. This may put pressure on them to make a deal sooner than later.
Good thing they are doing this before end of 2009. 2010 FHA limits have been dropped. New single family limit in Maricopa County will be $271,050, down from $346,250. This may put pressure on them to make a deal sooner than later.
WOW! GREAT information again rjcm! You are my favorite poster here.
Good thing they are doing this before end of 2009. 2010 FHA limits have been dropped. New single family limit in Maricopa County will be $271,050, down from $346,250. This may put pressure on them to make a deal sooner than later.
My agent told me today that she is 99% sure the current rate was extended through 2010.
My agent told me today that she is 99% sure the current rate was extended through 2010.
After digging into this and checking the FHA documents, the 2009 higher limits for Maricopa are extended into 2010. The lender I got info from also admitted he misinterpreted the FHA information.
After digging into this and checking the FHA documents, the 2009 higher limits for Maricopa are extended into 2010. The lender I got info from also admitted he misinterpreted the FHA information.
Does this mean I'm no longer your favorite ?
Edit - the article you referenced is incorrect.
Wow! That article was dated today! I did a Google search and found 3 recent references including that one that said the rate was dropping.
You guys are in a tough business if the facts of doing business are that murky and misunderstood.
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