BY DONNA BOHANA

Okay, girls let’s talk REAL EASTATE!
As you are all well aware, the real estate market is very inconsistent, yet exciting! Exciting for those that can take advantage of the great deals, for example, foreclosures, short sales, etc… This is a perfect time to buy a home or an investment property.

In my opinion, taking advantage of the FHA (Fannie Mae) program is the way to go, that is IF you can qualify. Ladies, did you know you can get away with buying a house with just 3.5% down of the purchase price! Yes, it’s true–I just closed two properties through this program. Okay, here is what you will need in your arsenal to buy your crib:

* Loan amount can be up to $729,000.

*Full income documents are required: One month of pay stubs from your employer and two years of IRS tax returns and w2 forms to match.
* Full credit check that confirms a minimum FICO score of 620.
* No Bankruptcies on your credit within the last two years.
* No foreclosures on your credit within the last four years.
* You do not need to be a first time Home Buyer.
With fifteen-years of experience in real estate, I am happy to say that this Federal program does work if you have the above qualifications. Do take advantage, ladies, while the government is still on board!

Also, just a reminder, if you are in escrow on your property by April 30, 2010 you will get the tax write-off credit as it has been extended.

Call me, Donna Bohana, if you have any questions relating to your real estate needs.
310.801.0265
www. solsticeir. com