Robert Sronce's Page

My client (NSP grantee) has is assisting LMMI families to purchase homes using NSP. Its acq/rehab/resale. The properties will be resale restricted by recorded covenant. The developer is buying and holding title, The grantee is recording a Deed of Trust at acquisition to secure the NSP investment. When the property sells, the original DOT is reconveyed and the property becomes resale restricted. If the buyer requires direct assistance, there may be a DOT to secure a silent second. If you have a…See More

Free Webinar: Strategies to Manage Widespread Foreclosures http://www.pmcworld.com/client/internal/marketing/webinar-housing-june2010.html See More

Free Webinar: Strategies to Manage Widespread Foreclosures http://www.pmcworld.com/client/internal/marketing/webinar-housing-june2010.html See More

If you are a lead agency or member of an NSP-2 Consortium, would you mind sharing how you handle program income? Specifically:Do member agencies/partners retain program income or must it be returned to the lead agency?If program income is retained by members/partners, what sort of reporting requirements and financial management policies are in place?If program income is retained by members/partners, must they get lead agency approval before applying program income or do they have autonomy?I'd…See More