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House Swapping Version 2.0

GoSwap.org
  • Jacksonville, FL
  • United States
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trade St Augustine FL for Bend OR

Started Oct 20, 2009

North Carolina Raleigh, Durham, Chapel Hill, NC Metro Area
1 Reply

Started this discussion. Last reply by ElVis Jesus Apr 24, 2009.

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New "Buy and bail" law makes new home purchase financing difficult, house swapping is at rescue.

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

Posted on December 11, 2008 at 1:21pm

GoSwap.org statistics shows many sellers willing to permanently trade homes for any location

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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Posted on October 27, 2008 at 1:53pm

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