FHA gives investors cold shoulder on foreclosed properties

May 9, 2022 |

The Federal Housing Administration said that nonprofit organizations and owner-occupant buyers will have first dibs on foreclosed properties that get auctioned off through its Claims Without Conveyance of Title (CWCOT) program, specifically prioritizing these groups over investors. For the first 30 days, a foreclosed property listed for sale can only be bid on by owner-occupant […more]

Posted in: San Francisco

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