About Vito Simone of Tenant Buyer Homes Expertise Vito Simone of Tenant Buyer Homes is a licensed broker in Maryland with 12 years experience in HUD & VA foreclosure sales and training. Familiar with all aspects of HUD procedures, contract forms, web site bidding, FHA financing and rehab management. Questions welcomed about property selection, pricing, HUD/VA procedures, financial qualifying, FHA 203k loans and FHA loan quidelines.
Experience Since 1988 I have been a licensed real estate agent and became a Broker/Founder of Tenant Buyer Homes in 1992. I am an active member of the Greater Baltimore Board of Realtors, the Maryland Association and the National Association of Realtors. I am also an Accredited Buyer Representative (ABR).
Currently, I am a member of numerous community development groupss including:
The Mayor's Council on City Living; the Flipping Task Force; the Baltimore Economy and Efficiency Foundation; Member of the Public Policy committee for Maryland Association of Realtors; Chairperson of the Community Service committee for Greater Baltimore Board of Realtors; a Freddie Mac Credit Smart counselor; Member of the Baltimore City Council Small Business Ad HOC Committee.
I have more than 1,000 settled transactions.
Expert: Vito Simone of Tenant Buyer Homes - 10/21/2002
Question WHAT IS SECTION 8 HOUSING MEAN? WHAT KIND OF ASSISTANCE DO THEY OFFER AND WHAT ARE THE DRAWBACKS OF A FHA LOAN? THANK YOU FOR YOUR TIME
Answer Section 8 is primarily a rental program. however, there are some states that allow you to use a Section 8 Voucher towards a mortgage payment. Check with your local housing authority or a local real estate agent. If you are in Maryland, we can help you directly.
The primary advantage to an FHA loan is the loan downpayment requirements, flexible credit criteria and availability from many lenders.
Check out the HUD website directly at: www.hud.gov for detailed information on many housing issues and programs.
