HUD home sale to ban investors - Organizers of a foreclosure-home auction scheduled for Saturday in Phoenix said their event will be unlike any previous home auction in Arizona for one simple reason: No investors are allowed. BLB Resources is tasked with disposing of all Arizona homes foreclosed on by HUD. Saturday's auction will feature 150 detached homes and condo units in Phoenix, Maricopa, Mesa, Glendale, Buckeye and other Valley communities. Read article:
http://www.azcentral.com/business/articles/2011/03/23/20110323hud-home-auction-investors.html
How to finance a duplex or multi-unit home - Mortgages are available for buyers of duplexes, as well as of three- and four-unit dwellings. The options for financing multifamily homes depend on whether the buyer intends to occupy one of the units. Owner-occupants can choose between FHA or VA or conventional financing, but investors are limited to conventional mortgage loans. Read article:
http://www.bankrate.com/finance/mortgages/how-to-finance-a-duplex-or-multi-unit-home.aspx
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