Hello,

Do you have FHA approved clients looking for condos that are not FHA approved properties? Do you have clients that are short on cash for closing costs? Do you have appraisal issues on some of your purchase deals?  Do you have investors that only have 10% down payment or want to purchase more than 4 properties? I have a solution for you -  I CAN FINANCE FANNIE MAE HOMEPATH PROPERTIES! (These are Fannie Mae foreclosures) The benefits are huge! Here's a few to mention......

* 4% commission to YOU!

* 3% Down payment (can be funded by borrowers own funds, gift, grant, or loan from a non-profit organization or employer)

* 3.5% guaranteed closing costs to homebuyer right now (maximum 6% if you ask)

* NO Appraisal!

* NO Mortgage Insurance (MI)

* NO Condo Certs - they are already Fannie Mae properties

* 660+ fico

* Investors - 10% down payment with NO MI (Maximum 10 properties!)

* Once a property is listed it has a 15 day grace period where they will NOT accept investor offers- they accept O/O offers  first and approved Homepath lenders have priority

* Homepath loans are conventional loans

* NO prepayment penalties

* 30yr, 15yr, 5yr, and 5yr interest only options

We are a direct lender for Homepath loans, many other Homepath lenders have overlays....higher credit score requirements, minimum 5% down payment and credit overlays, etc..... Prospect Mortgage sells directly to Fannie Mae! You can sign up at www.homepath.com and get updated lists of properties just listed everyday! I'd love to work together and pre-qualify these clients for you and your team! Here's the number of properties by county right now...$100,000+ purchase price.

San Diego County- 470 Homes
Riverside County - 1,051 Homes
Orange County - 232 Homes

Hi All, I decided to create a FREE website in regards to credit - anything to do with credit, buying a home, identity theft, etc.... It takes alot of time to write articles and get topics, etc... but I'm striving to make it a one stop shop in the future for anyone to learn about credit.

There's an active forum now up and running, please feel free to sign up and post under one of the topics! Check it out at .....                                       

                                                   www.ExpertCreditHelpNow.com

Thanks,

Gerard Ladalardo

NOTE: This is just a 'funny" joke, I am a serious cat lover and would never, ever reccommend anyone doing this to their animal (or any animal)

Subject: How To Properly Clean Your Commode

This was simply too much of a time saver not to share it with you.

1.. Put both lids of the commode up and add 1/8 cup of pet shampoo to the water in the bowl.

2. Pick up your cat and soothe him while you carry him towards the bathroom.

3. In one smooth movement, put the cat in the toilet and close the lid (you may need to stand on the lid).

4. The cat will self agitate and make ample suds. Never mind the noises that come from the commode, the cat is actually enjoying this.

5. Flush the commode rapidly three or four times. This provides a 'power-wash' and then a rinse'.

6. Yell for someone to open the front door of your home, then be sure that there are no people between the bathroom and the front door.

7. Stand behind the commode as far back as you can, and quickly lift the lid.

8. The cat will immediately rocket out of the commode, streak through the bathroom, and run outside where he will dry himself off.

9. Both the commode and the cat will now be sparkling clean!!!

Gerard Ladalardo, CMPS
www.Fmacbanker.com

Hi, this is Gerard Ladalardo of First Mortgage Corporation right here in beautiful Temecula, California and I’m here with your tip of the week. Ok, I have two great tips for you this week. First tip – Foodio54. That’s right, not Studio 54, but www.Foodio54.com This is a very clever website whether you use it locally or while traveling. On this website you can put in a zip code and what type of food you are looking for whether it is Japanese, Mexican, Pizza, Indian, Barbeque, whatever and it lists all the restaurants within a specified radius that has your specified cuisine. You can choose the radius from where you are and it will give you recommendations for places to eat! I absolutely love it! Everyone in my office uses it when we go on trips, especially this time of year. Foodio54.com Go check it out. You are going to love it!

Tip number 2 - This is a very limited thing that you need to take action on right away. We have a free report on the $8000 tax credit. In a nut shell, if you buy a house today and close by a certain time the government will actually write you a check for buying the house. That’s right. You get a check from the government for up to $8000! Great strategy! You have got to see this report! This is for a very limited time and it is part of the bailout program. This offer does expire shortly, so you need to act on this fast. Whether you, a friend, or a family member is looking to buy a house make sure you have the information about how to get your $8000 check with no strings attached. This is not a loan. This is a real gift from the government as part of the bailout program. Make sure you get your copy of this report, check out Foodio54, and send us an email or give us a call. Talk to you when you call!

Gerard Ladalardo, CMPS
www.Fmcbanker.com
951-302-6138

Hi, this is Gerard Ladalardo of First Mortgage Corporation right here in beautiful Temecula, California and I’m here with your tip of the week. Ok, I have two great tips for you this week. First tip – Foodio54. That’s right, not Studio 54, but www.Foodio54.com This is a very clever website whether you use it locally or while traveling. On this website you can put in a zip code and what type of food you are looking for whether it is Japanese, Mexican, Pizza, Indian, Barbeque, whatever and it lists all the restaurants within a specified radius that has your specified cuisine. You can choose the radius from where you are and it will give you recommendations for places to eat! I absolutely love it! Everyone in my office uses it when we go on trips, especially this time of year. Foodio54.com Go check it out. You are going to love it!

Tip number 2 - This is a very limited thing that you need to take action on right away. We have a free report on the $8000 tax credit. In a nut shell, if you buy a house today and close by a certain time the government will actually write you a check for buying the house. That’s right. You get a check from the government for up to $8000! Great strategy! You have got to see this report! This is for a very limited time and it is part of the bailout program. This offer does expire shortly, so you need to act on this fast. Whether you, a friend, or a family member is looking to buy a house make sure you have the information about how to get your $8000 check with no strings attached. This is not a loan. This is a real gift from the government as part of the bailout program. Make sure you get your copy of this report, check out Foodio54, and send us an email or give us a call. Talk to you when you call!

Gerard Ladalardo, CMPS
www.Fmcbanker.com
951-302-6138

OCALA, FLORIDA – TAYLOR, BEAN & WHITAKER MORTGAGE CORP. (“TBW”) RECEIVED NOTIFICATION ON AUGUST 4, 2009 FROM THE U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, FREDDIE MAC AND GINNIE MAE (THE “AGENCIES”) THAT IT WAS BEING TERMINATED AND/OR SUSPENDED AS AN APPROVED SELLER AND/OR SERVICER FOR EACH OF THOSE RESPECTIVE FEDERAL AGENCIES.

TBW HAS UNSUCCESSFULLY SOUGHT TO HAVE THE TERMINATION/SUSPENSION DECISIONS OF EACH OF THOSE AGENCIES REVERSED. AS A RESULT OF THESE ACTIONS, TBW MUST CEASE ALL ORIGINATION OPERATIONS EFFECTIVE IMMEDIATELY. REGRETTABLY, TBW WILL NOT BE ABLE TO CLOSE OR FUND ANY MORTGAGE LOANS CURRENTLY PENDING IN ITS PIPELINE.

Gerard Ladalardo, CMPS
www.fmcbanker.com

Important update: FTB No Longer Accepting Applications

As of July 3, 2009, the state of California Franchise Tax Board (FTB) is no longer accepting new home credit applications. They have received over $100 million in new home credit applications and more than 12,000 applications.

The tax credit is available for qualified buyers who purchase a brand new home (never occupied home) between March 1, 2009 and before March 1, 2010. They must live in the new home as their primary residence for a minimum of two years immediately following the purchase date. (date escrow closes)

The Franchise Tax Board estimated receiving 12,000 applications - but many are duplicates, revised, or even possibly invalid. They continue to report certificates issued on a weekly basis until the full $100 million has been allocated. The expected timeframe to complete processing all certificates is August. The Franchise Tax Board will send a notification in response to all applications received, indicating the amount of credit allocated or if the homebuyer was denied.

      Certificates issued for New Home Credit through 07/02/09: 

Regards,

Gerard Ladalardo, CMPS
www.FmcBanker.com

As part of the American Recovery and Reinvestment Act of 2009, Congress authorized a first-time homebuyer tax credit of up to $8,000.  The $8,000 credit replaced the $7,500 tax rebate program that was included in 2008's stimulus program.

According to the IRS, a first-time homebuyer is anyone who has not owned a "home" in the last 3 years where "home" is defined as a home in which a person has lived in and occupied. It can include traditional homes, houseboats, trailers and other residence types. The IRS was smart because they also defines what it means to be a first-time homebuyer with respect to couples. According to the IRS definition, there's no clean way for spouses or soon-to-be-married types to "cheat the system" and take an undue $8,000 in tax credit. The $8,000 First-Time Homebuyer The tax Credit requires both homeowners to be first-time homebuyers in order to claim the credit.

One of the biggest reasons why the $8,000 tax credit is working is because, unlike its 2008 counterpart, the government doesn't require the 2009 version of its tax relief plan to be paid back over time. First-time home buyers in 2009 can claim their credit and never have to repay it - best of all, the credit is automatic -there's no extra paperwork to sign with your real estate agent and no additional disclosures between the buyer and the seller.

The IRS instructions show that not every first-time homebuyer will be eligible to claim an $8,000 tax credit.  Some notable, exclusionary cases include first-time homebuyers who:

• Separately filed taxes and adjusted gross income exceeds $95,000
• Jointly filed taxes and whose adjusted gross income exeeeds $170,000
• Acquire property from a mother, father, sibling or child
• Acquire property from a corporation/partnership in which you are a majority owner
• Acquire the home as a gift or inheritance

BEWARE: If you do qualify for the credit, beware of the program's guidelines. For example, If you sell your home, or cease to use it as your owner occupied home within 3 years, the IRS will require a full payback with only a few allowable exceptions.  If you  plan to keep your home more than 3 years then you will be ok.

Gerard Ladalardo, CMPS
www.caloanpros.com

I've finally had ENOUGH!!! I have been a mortgage broker for 7 years now. It's getting harder and harder to do business as a mortgage broker. I have to reply on 3rd party entities that are all 3rd parties (processing, underwriting, etc...) to get loans done now and it isn't working effectively. As a broker I have to rely on the lender that their turn times (turn times are business days for underwriting, condition signoff, docs, etc...) are what they actually say they are - and you guessed it, most of these lenders lie, lie, lie. Then they never call you back or respond to your emails when they blow their deadlines.

Today was the last straw! I got "jacked" around again by another lender trying to get answers why my loan I submitted hasn't been underwritten and of course I get the run-around. It was very convenient also for them to not have a manager present to speak with to assist me in expediting the issue. When I can't get the loan done ontime, because of mostly these issues it makes me look like the bad guy.

I'm actually making the change to a Mortgage Banker (direct lender) where processing, underwriting, conditions, docs, funding will all be in the same place! Underwriting turn times are currently 2 business days. I'm excitied to go to the next level as a mortgage banker!

Gerard Ladalardo, CMPS