Getting Personal
Nic Retsinas, director of Harvard University's Joint Center for Housing Studies, and Bob Moon answer listeners' questions ranging from lender troubles to subprime second mortgages.
Getting Personal (Marketplace)
More on Housing - Real Estate
Links
- Audio: Getting Personal 2
Bob Moon is back with Harvard's Nic Retsinas to answer your questions about housing. This time they take on whether or not to finance through the FHA and how to refinance when a lender is reluctant. - Nic Retsinas' Bio
- Getting Personal Blog
Comments
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From Ann Arbor, MI, 10/26/2009
Mr. Retsinas' obviously doesn't know that an FHA appraisal stays with the property for 6 months. So when a seller accepts an FHA buyer and the FHA property appraisal comes in low - that seller is stuck with the low appraisal for 6 months. It is for this reason sellers do not want to take an FHA loan if they can sell to a buyer with conventional non-FHA financing.
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