Updated Underwriting for Collections, Charge-Offs, Judgments, Garnishments and Liens Conventional, FHA and VA mortgage loans in Phoenix may soon become harder to obtain for those with a troubled credit history. Currently, a borrower with up to $5,000 in collections may still eligible to purchase a home in Phoenix, in many cases. The new guideline change could also affect current [...]
Archive | September, 2010
Is Tenant Screening for Property Managers More Complex Today Than a Few Years Ago?
As a property manager with years of experience, the tenant screening process is much more complex now than it was even just a few years ago. We use a scoring system commonly used by many other property managers to determine if a rental applicant meets the minimum requirements to rent a property our company manages. [...]
How to Rebuild your Credit after a Foreclosure
Probably the most important work you will face post-foreclosure is rebuilding your credit. While foreclosure has a very serious negative impact on your credit score, you should keep in mind that it is but one item in your history.
The Internet Savvy Realtor
Statistics will show that practically all prospective home buyers who can use a computer will begin their property search on the internet. That being the case, if you are selling a home, you will need to market the property in a way that will offer maximum exposure to buyers, and there is no way that [...]
Meet Virginia….and Georgia
DotLoop is putting its Pepsi bottles away as we head down to Atlanta tomorrow for the 2010 REBarCamp Atlanta. We’ll be sure to eat lots of peaches while showing lovers of technology how they can simplify their lives with online negotiations. Speaking of lovers, DotLoop will be keeping it real at the REAL Show: the [...]
Take Me Out To The Cleaners…
Let’s play a game. Imagine you’re rich. Super rich. Now, imagine you want to build yourself a clubhouse. Fun game so far, huh? This clubhouse will be built in the middle of town, only you don’t want to have to pay for it. So, you convince your neighbors to pony up their money to pay [...]
The Thumbnail Guide to Mortgage Assistance Programs
The federal government has a number of programs aimed at assisting homeowners who are having difficulties meeting their mortgage payments. Here is a quick sketch of three of the major programs: The Home Affordable Refinance Program (HARP) is available to borrowers whose first mortgage does not exceed 125 percent of the current market value of their home. This program [...]
BEST TERMS FOR HOME PURCHASE
“A bank is a place that will lend you money if you can prove that you don’t need it!” – Bob Hope You want to be able to negotiate the best terms for your next home purchase. In order to do so, you will probably have to clean up your credit report so that you [...]
OBTAINING THE BEST FINANCING
A desirable type of financing is the assumable loan. This is the type of loan that occurs when a buyer assumes (or takes over) the terms and responsibilities of the seller’s existing loan. The buyer does not have to wait for the loan to be approved and does not even have to pay for origination [...]
Can I apply for the government HOME AFFORDABLE MODIFICATION PROGRAM If I have a VA loan?
•Where can I learn more about the qualifications? www.homeloans.va.gov/valeri.asp •Is my lender/servicer required to review me for HAMP? YES! However, services are required to review you for traditional modification assistance first before reviewing for HAMP. •Seasoning Requirements? No I’m not talking about a piece of steak! Don’t ask me why they call it seasoning. Final [...]
5 Reasons to get Your Real Estate License Before the End of 2010
The job market seems grim everywhere you go these days. There are industries, however, that are offering a great deal of opportunity even in these tough economic times. The real estate industry is one such example. With the housing market just beginning its recovery, there are many reasons to look into a career in real [...]
The Appraiser Killed the Deal
There’s little debate that the appraisal industry is one of a few things holding back the real estate recovery; this is life when the feds get their hands in things. That said, it’s also asinine to blame them for valuation issues – that blame often lies with agents that don’t properly know their market.
Free Delaware First Time Home Buyer Seminar – October 23, 2010
There will be a Free Delaware First Time Home Buying Seminar on October 23, 2010 at the Christiana Hilton Hotel in Newark, DE from 10 AM till Noon and again from 1:00 PM till 3:00 PM. The seminar will cover everything you need to know in order to purchase a home in Delaware, Maryland, or Pennyslvania. [...]
Request for Modication Affidavit or RMA
If you have applied recently for a loan modification to assist you in keeping your home out of foreclosure or you are seeking to just reduce your monthly mortgage payment, you have probably heard of the Request for Modification Affidavit or RMA. Like any government issued form it has to be filled out correctly and [...]
Happy Little Trees
With fall upon us, many of you no doubt are starting to do some home fix-ups. It is, after all, the perfect weather for painting without panting (no humidity – whoo hoo!). I painted this weekend myself, actually. As I was going over the old paint, I was careful to stay within the lines, until, [...]
Are Keys Chattels or Fixtures?
Keys ~ Chattels or Fixtures? By Brian Madigan LL.B. (Ontario Real Estate Source) 99% will reply that keys are a part of the house. In fact, they are part of the locking system for a house. There are two parts: 1) the lock which is affixed permanently to the door, and 2) the key which [...]
Property Management Issues
Property management entails a lot more than just finding good tenants, collecting rents and maintaining “curb appeal.” There are myriad issues that often occur on a day-to-day basis that require action on the part of a manager. A multiple tenant apartment complex, for example, is rarely without nearly continuous issues of one sort or another, [...]
Customer Service? Yes, Please.
What is your take on customer service? A recent experience has me wondering whether ANYONE believes in providing the same level of service that they would expect.
Foreclosures, Forgeries, and Fraudulant Financing
It’s been three days since official start of fall and two years since the official fall of Lehman Brothers. Only now, though, it seems that the question of “how did this happen?” is finally being answered. The heat is hammering down on the foreclosure and mortgage industries, as it was just revealed this week that [...]
Understanding the Loan Modification Process in 5 Easy Steps
Cutting through the red tape of the Government program announced back in March of 2009 can be daunting for so many American Homeowners. I’ve done my research and have not found many user friendly sites that actually break it down step by step.
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Carmen Brodeur: Very interesting! I better go buy more wrinkle cre...
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Ria Grace: What is good of having custom home is that you can...
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Patrick: A great online property management forum is agents...
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Kyle Pearce: Unfortunately, in every industry, there are some w...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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