FHA has lifted their 90 day title requirement

hope you had a great weekend. We went to Busch Gardens andhad a BBQ yesterday. The temporary freeze that we’ve beenexperiencing in Florida is gone and we celebrated it byhaving a BBQ yesterday. It was a beautiful day and we hadlots of fun. Last week, FHA released that they are no longer requiring aproperty to be owned by a seller for 90 days before theywill fund a new loan for your C buyers. This is HUGE! Thisis the biggest development that we’ve seen in a long timeand will significantly allow you to instantly increase yourbuyer pool for your “smaller” short sale deals. Tomorrow night, I’m holding an emergency webinar to discussthis development with you. I’ll have my attorney on the linewith me to discuss the FHA guideline change and we’ll breakdown how to flip properties to FHA buyers under the newguidelines. NOTHING WILL BE SOLD ON THIS WEBINAR! This is pure trainingto help you close more deals in 2010. Register HERE: http://www.dcfawcett.com/go Here are a few other topics my Attorney will also becovering on the training:
• What “material facts” need to be disclosed to the seller
and buyer to avoid fraud.
• What disclosures are REQUIRED and NOT REQUIRED to give tothe end buyer’s lender.
• The “danger” of double escrows.
• How to completely eliminate potential “fraud” from yourclosings.
• What constitutes and “ARM’S LENGTH” transaction and how toavoid working in the “gray area.”
• Why every decision made by the foreclosing lender isdriven by money and how to capitalize on their greed.
• The most misunderstood concept for realtors who do shortsales: Fiduciary duty. Once you hear this, you’ll be able toovercome the biggest objection from listing agents.
• How to avoid “conflicts of interest” to keep yourself outof a “sling” or the “SLAMMER.”
• Understanding the rules of negative equity and how toprofit legally and ethically from it.
• Essential facts of bankruptcy: when they should andshouldn’t and how it can make or break your closings.
• Recent changes from WELLS FARGO for funding your C buyer’sloans. This is a very very good thing.
• And much more!Talk to you tomorrow night, DCPS: I am only doing this training 1 TIME ONLY because it’san emergency training. There will NOT be a replay and there will NOT be an encore.My attorney is too busy. This is your chance to GET THE LEGAL UPDATES that you’vebeen looking for. Don’t miss this!I’ve read each and every one of the survey responses andthis is one of the things you told me you are looking for:legal updates. I’m bringing them to you tomorrow night. Make sure you put this on your calendar and set somereminders for yourself. Nothing will be sold on this training! It is 100% training.Enter your cell phone number on this page if you want me tosend you a text reminder and a voice reminder before thewebinar: http://www.dcfawcett.com/go ?