Asked by Dominic Valenti, Chicago, IL • Sat Nov 26, 2011
Do Realtors prefer this over FHA? Does it close faster? Except for a few items the most obvious difference seems to be there are no Minimum Property Standards for current conditions and no â€œoversightâ€ of the construction process and Iâ€™ve been told the lender fees were higher. So why would a buyer want to use this program? There appear to be good reasons this is a great program but it seems to be structured as a property liquidation tool with less emphasis on â€œafter the saleâ€. I could use a little help, anyone?
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