Comments on: Down Payment Assistance Needs Your Help! http://www.atlantarealestateforum.com/down-payment-assistance-needs-your-help-4298/ Atlanta real estate, new home builders, developers, communities and market trends blog in Atlanta, GA Wed, 23 May 2012 09:56:13 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Down Payment Assistance Programs in Jeopardy | New Homes in Atlanta | Atlanta Real Estate Forum http://www.atlantarealestateforum.com/down-payment-assistance-needs-your-help-4298/comment-page-1/#comment-52256 Down Payment Assistance Programs in Jeopardy | New Homes in Atlanta | Atlanta Real Estate Forum Mon, 28 Jul 2008 12:54:17 +0000 http://www.atlantarealestateforum.com/down-payment-assistance-needs-your-help-4298/#comment-52256 [...] their financial situation would not permit it. If you want to take action to help keep these Down Payment Assistance programs, you need to contact your local congressman to express your concerns ASAP. The housing stimulus bill [...] [...] their financial situation would not permit it. If you want to take action to help keep these Down Payment Assistance programs, you need to contact your local congressman to express your concerns ASAP. The housing stimulus bill [...]

]]> By: omus http://www.atlantarealestateforum.com/down-payment-assistance-needs-your-help-4298/comment-page-1/#comment-52175 omus Wed, 23 Jul 2008 16:23:45 +0000 http://www.atlantarealestateforum.com/down-payment-assistance-needs-your-help-4298/#comment-52175 DPA is nothing more than a sham. While "non profit" oragnizations are created to "gift the buyer" with DPA in reality it is little more than a shell game. Let's call it like it is. DPA is simply a Seller paying the buyers down payment (often agreeing raising the price of the home make the sale happen) by funneling the cash through the approved third party to satisfy the FHA's 3% down payment requirement. Now what really would make it a legitimate assistance program is for the funds to truely come from a third party source...Oh but where are those benevolant benefactors? DPA is nothing more than a sham. While “non profit” oragnizations are created to “gift the buyer” with DPA in reality it is little more than a shell game. Let’s call it like it is. DPA is simply a Seller paying the buyers down payment (often agreeing raising the price of the home make the sale happen) by funneling the cash through the approved third party to satisfy the FHA’s 3% down payment requirement.

Now what really would make it a legitimate assistance program is for the funds to truely come from a third party source…Oh but where are those benevolant benefactors?

]]> By: Anon http://www.atlantarealestateforum.com/down-payment-assistance-needs-your-help-4298/comment-page-1/#comment-52039 Anon Wed, 16 Jul 2008 16:53:40 +0000 http://www.atlantarealestateforum.com/down-payment-assistance-needs-your-help-4298/#comment-52039 Let the lenders take the properties back. Let the property loser take the loses on their taxes for the years allowed. Let the market take the true correction. Check out these Representatives that maybe using their positions to protect their personal interest or investments, which would be a violation of their office. Prosecute them to the full extent. Let the lenders take the properties back. Let the property loser take the loses on their taxes for the years allowed. Let the market take the true correction. Check out these Representatives that maybe using their positions to protect their personal interest or investments, which would be a violation of their office. Prosecute them to the full extent.

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