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Found 2 blog entries tagged as "Wells Fargo".

Wells Fargo CityLIFT Program for Washington DC and PG County

On September 26, 2012 Wells Fargo announced that the companies CityLIFT program would launch in Washington DC and PG County MD on October 5th and 6th.  The Wells Fargo CityLIFT program provides homebuyers that meet certain criteria with $20,000 towards a down payment on a home in Washington DC or Prince Georges County Maryland.  To qualify for the Wells Fargo CityLIFT program in Washington DC and PG County the homeowner must occupy the home as their principal residence.

Here are the qualifications for the CityLIFT program in Washington DC and PG County:

1-Annaul income cannot exceed 120 percent of the median income for the area(Varies depending on family size). 

Income Limits for…

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A lot of investors and homebuyers ask me about buying a Washington DC foreclosure.  In this blog I will talk about the process a bank must go through to foreclose and where to search for them. 

First, you must understand that in Washington DC there are very few foreclosures on the market currently.  It has been over a year since banks have foreclosed on a property in Washington DC.  This is due to the robo signing issue(which was just resolved last week) and the mediation law that the DC council put in place in December 2011.  The mediation law forces banks to meet face to face with the borrower to prevent a Washington DC foreclosure.  In the second half of 2011 only 25 notices of default were issued by banks compared with over 1000 issued in 2010.  A…

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