Housing Counseling Agencies:
The Department of Housing and Urban Development has revised the Housing Counseling Handbook, 7610.1 REV-5, which was posted to HUDClips on July 13, 2010. The Handbook is effective immediately with the exception of Appendix 4, HECM Counseling Protocol, which will be effective 60 days from the date it was posted to HUDClips - September 11, 2010.
The revised Handbook is available on HUDClips through the following link:
http://www.hud.gov/offices/adm/hudclips/handbooks/hsgh/7610.1/76101HSGH.pdf
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
Tuesday, July 20, 2010
Wednesday, July 14, 2010
Distressed Condo Relief Act
Florida Distressed Condo Relief Act
The "Distressed Condo Relief Act" (DCRA) in SB 1196 was put in place to encourage investors to buy unsold developer inventory. This should help stabilize the condo market. It also protects the lender if the developer defaults.
If the provision becomes law it will only apply to purchases that take place before the law sunsets on July 1, 2012.
Here is a link to SB 1196
http://flsenate.gov/data/sessions/2010/senate/bills/billtext/pdf/s1
96er.pdf
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
The "Distressed Condo Relief Act" (DCRA) in SB 1196 was put in place to encourage investors to buy unsold developer inventory. This should help stabilize the condo market. It also protects the lender if the developer defaults.
If the provision becomes law it will only apply to purchases that take place before the law sunsets on July 1, 2012.
Here is a link to SB 1196
http://flsenate.gov/data/sessions/2010/senate/bills/billtext/pdf/s1
96er.pdf
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
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