Tampa is one of the cities who will benefit from the Recovery act under HUD’s Neighborhood Stabilization Program. Tampa will receive $38 million according to HUD’s website. The money is meant to spur economic development and create jobs. There are 60 other cities receiving grant.
For more information go here
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In order for a buyer to obtain financing Fha currently has a 90 wait period to purchase a home from a new seller, so this would apply mostly in cases when buying a home from an investor looking to flip a property. A buyer would have to wait 90 days after the home was purchased.
Hud has temporarily lifted this rule to help stabilize the market and help FHA borrowers from being shut out on homes being flipped.
The waiver will take effect on February 1, 2010 and will be effective for one year
To read more about the new waiver go here
So what are your thoughts? Do you think the new lift will help homes sell quicker in heavily flooded foreclosure areas?
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The Hillsborough County currently has *9644 active homes listed as of January 18th 2010 from data pulled from the MFRMLS Below is a breakdown of the Short Sale, Foreclosures, Owner occupied homes for sale in Hillsborough County.
There are currently 811 properties pending (under contract) Please check back at the end of the month for the sold homes report for January 2010
If you are in the market to buy in Tampa check out our Tampa Homes For Sale
Need to Rent your home out check out our Tampa Property Management Services
* All information provided is believed to be true but should be verified.
Price ranges are from current active listings as of January 18th 2010
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