I received an email today from a local lender that said HUD has put a stop to down payment assistance programs, after reading it and asking my preferred lender her input on the matter I have located this information to share;
http://www.ameridream.org/Documents/HUDRule/HUD-Rule-FR-5087-F-02-Final.pdf

A Popular Down Payment Assistance Program's Response to the new HUD rule;
http://www.ameridream.org/About/PressReleases/2007/HUDRuleLawSuit

I will be asking Judi to send me a synopsis in her own words on these issues and how they pertain to today's home buyers!

Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!