Are you sick of all the credit offers you get in the mail? Tired of spending time shredding all that excess junk mail that just goes down the tubes. If you like getting credit offers because it strokes your ego don’t read any further. All these credit companies have ability to do “Soft hits” on [...]
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You need to read this article, it gives some good info on what are future looks like in the next 2-5 years. Foreclosures are going to keep us level for quite a while.
By JAMES R. HAGERTY at WSJ
More waves of foreclosures will keep downward pressure on home prices in parts of the U.S. over the [...]
I love my Mailplane app that I use for all of my gmail accounts. Its so amazing, the best mail client I have ever used. If your not using gmail, I feel bad for you. And if you are using Gmail, and not with mailplane, you are missing out. Oh yes, and if your not [...]
Conventional Financing – Fannie/Freddie
Foreclosure/Short Sale/Deed-in-Lieu – 4 years must have elapsed – If more than 4 years but less than 7, you can only do a purchase of a primary residence and you must have a 680 middle FICO score with at least 10% down. Please keep in mind; however, if you put [...]
I am working on a new website, its still under construction. The Creative Bouquet I love building these, its way fun.
Good document to read if you are needing some help figuring out terms in the distressed property world
Distressed Property Guide
Increase in Upfront Premiums for FHA Mortgage Insurance
FHA loans with a case number assigned on or after April 5, 2010, will have a 2.25% upfront mortgage insurance premium. This is a .5% increase. Case numbers are generally assigned when there is a contract with a property address, and a closing date AND the borrower [...]
By JAMES R. HAGERTY And DAWN WOTAPKA
LAS VEGAS—Housing construction is expected to rebound this year from the severely depressed 2009 level, but the market [...]
Fha Flip Waiver
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSURES
With certain exceptions, FHA currently prohibits insuring a mortgage on a home owned by the seller for less than 90 days. This temporary waiver will give FHA borrowers access to a broader array of recently foreclosed properties.
The waiver will take effect on February 1. 2010 [...]