Remove 2009 Remove Insurance Remove Investors Remove Renovations
article thumbnail

Investor + Flippers Guide to FHA Flipping Guidelines

Listing Spark

The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements. Look for properties with enough renovation needs to justify a three-month window.

article thumbnail

Auctions see high owner-occupancy rates for foreclosed homes

Housing Wire

It is counter to a popular and politically potent narrative grounded in the aftermath of the Great Recession, when large institutional investors scooped up thousands of properties at foreclosure auction. The role of renovators. Most of these reverted REOs are eventually sold via the Multiple Listing Service (MLS). I buy local.

article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Added Kan, “Investors remained attuned to the uncertainty around the U.S. . == Glorious Gilded Age Mansion for $29.9M A residential penthouse is situated on the top two floors.