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seeric · 10-07-2008, 01:17 AM

Woah shit. I didn't know this.

Date 09/02/2008

Title Loan Guaranty Service: New Law and the Temporary Increase in Maximum Guaranty.

Description

New law provides a temporary increase in the maximum guaranty for loans closed on or after July 30, 2008 and no later than December 31, 2008. For all locations in the United States other than Alaska, Guam, Hawaii and U.S. Virgin Islands, the maximum guaranty amount is 25% of the greater of (a) $417,000 or (b) 125% of the area median price for a single-family residence, up to $729,750.

i bet they wont be giving anymore loans in this time period.

December 31st, 2008?

No thanks. I'm not buying until the bottom completely falls out of the housing market say in feb or march more than likely.

10-07-2008, 01:17 AM
seeric .......... Industry Role: Join Date: Aug 2004 Location: .......... Posts: 41,917	Woah shit. I didn't know this. Date 09/02/2008 Title Loan Guaranty Service: New Law and the Temporary Increase in Maximum Guaranty. Description New law provides a temporary increase in the maximum guaranty for loans closed on or after July 30, 2008 and no later than December 31, 2008. For all locations in the United States other than Alaska, Guam, Hawaii and U.S. Virgin Islands, the maximum guaranty amount is 25% of the greater of (a) $417,000 or (b) 125% of the area median price for a single-family residence, up to $729,750. i bet they wont be giving anymore loans in this time period. December 31st, 2008? No thanks. I'm not buying until the bottom completely falls out of the housing market say in feb or march more than likely.