A group out of Mass. founded by a guy named Bruce Marks. He shows up on CNBC once in awhile.
They want people to join and be active in their group…
I’m yet to determine if he’s a good guy or a wacko.
Last I knew, they only have programs in certain areas and San diego county is not included.
There are price limits in areas that they do cover, called their service areas.
I dont know much about their loans or who they are sold to. There is huge risk in no down loans, if that is what they still do.
IMO, any low down/no down programs, including FHA, artificially keep house prices higher than they should be and allow people who really shouldn’t be buying houses to buy them, just because they want to.
I’ve never looked into this group, but I will see what I can find out.
