Important Mortgagee Letters Regarding HUD Homes:
-Mortgagee Letter 2012-18 B, and 2009-46 B HUD REO’s are still eligible for FHA financing even though condo development is not on Approved Condo List. Click Here
-Mortgagee Letter 2006-09 Appendex A: Valuation of Real Estate Owned Properties. This described appraisers using PCR for functionality of utilities, and discusses determination of the different sales types (IN, IE, UI)
-Mortgagee Letter 2011-19 – Financing of transaction costs for REO properties purchased under FHA $100 Down sales incentive