FHA recently came out with an exception to their guidelines that will allow borrowers to get an FHA loan only 1 year after a bankruptcy, foreclosure, short sale or deed-in-lieu.
Most people don’t know this, but the real estate market in Yuma is actually very healthy right now. For the last 2 years in a row, we have sold more homes than any previous year including 2006 during the peak of the market. We are currently on track to beat the 2006 number for the 3rd year in a row (1440 sold year-to-date through the end of August). The other side of that statistic is the average sales price. We saw 4 straight years of big declines in