GoSwap.org Blogs

With the passing of the "buy and bail" law taking affect October 1, 2008, any homeowners with unsold homes now have to qualify for any new FHA financing with both mortgages. It used to be that the homeowners had an option of renting their unsold residence and use the large portion of the rent income derived against their total liabilities--not anymore. House swapping now makes even more sense because it eliminates the need to rent the unsold home in the first place, since homeowner is swapping… Continue

This article has been originally published at REOWN.com

In a recent report produced by GoSwap.org, nearly 20 percent of all sellers listed in the database will consider a permanent exchange for another property located in any state.

St Augustine, FL (REOWN.com) October 16, 2008 -- As the housing slump continues fueled by the credit crunch, home sellers are becoming even more creative…

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