Post by
Schnepps on Apr 22, 2024 8:53pm
Sage Approval
Super happy the FHA program that everyone in the region uses below $498,000 has been made public. The KHOV homes up the street do not qualify for price. Big brother pays for 96.5% of the total price if owner welches on the mortgage. Smart move by GRB. Once construction breaks expect Lennar (73,000 home sales in US and 2,000+ in Kern County alone) with $34 Billion US in revenue make a run at GRB. KHOV is baby with only 5,600 homes and $1.9 Billion in revenue.
Just like WND, within 5 months of construction start the big boys came bidding. Very hard to get entitlement for 995 entry level homes in Cali.
Keep up the good work.
Love
Schnepps
Comment by
TeamEddie on Apr 22, 2024 9:31pm
WND was not sold it was took, I am 100% certain of that they took it at the price they wanted to pay