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Do FHA loans require impound accounts?

Yes, according to the "Realty Bluebook," 30th Ed., Dearborn Financial Publishing, Chicago; 1993: "Under FHA financing it is the lender's responsibility to ascertain that property taxes and hazard insurance premiums are paid when due. Lenders, therefore, will insist that the monthly payments include proportionate amounts for taxes and insurance."
 
Investment Property - Bank owned home for sale in Three Rivers, MI | Print |  E-mail

 

Here is yet another wonderful investment opportunity

This time in Three Rivers, MI this large home is avaliable for a very small price.

Located in a nice neighborhood, this home will need some work (it will need a furnace for sure) but for only $9,900, it's hard to beat.

Three large bedrooms, 1 1/2 baths, formal dining room, large front porch, partially fenced yard all for only $9,900.

See the featured homes at my website for more information or contact me to discuss this investment opportunity.

 

 

 
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