While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This misconception is perpetuated by timeshare companies and user groups that are funded, maintained and controlled by the timeshare industry.
The FHA 203k loan program provides home buyers the opportunity to buy and fix up a property, without exhausting their personal savings.
Good article, what about issues re: are lenders going to make sure all LO's are paid w-2? are they going to monitor brokers net worth requirements? are they going to require audited financials?So much is still up in the air I guess we brokers won't know what the lenders requirements are going to be until late this year.read my thoughts on the subject here:http://www.ietcapitalblog.com/2010/05/what-the-heck-is-hud-thinking/
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