NOVA Real Estate & Management Updates

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HUD: Communities Get First Look at Properties

State and local governments and nonprofit organizations will get a jump on investors as part of a new program announced Wednesday by the U.S. Department of Housing and Urban Development Secretary Shaun Donovan. The National First Look Program is a partnership between lenders and communities to encourage neighborhood stabilization by giving public entities and community... Continue reading

Loan Documentation Fraud

Loan Documentation Fraud includes providing inaccurate information when applying for a loan to purchase property. Common information that is altered is income, assets, employment status, etc. This allows the buyer to get a lower rate and better loan terms. Other types of this fraud include forging someone else's information, or pretending to be a financial institution so... Continue reading