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fha loan vs conventional loan: What Kinds of Things Can Go Wrong in the Loan Process? FAQ - #5 - 01/22/11 04:20 PM
In my continuing series of answering some of the most frequently asked questions that I get from clients and prospects, in Part 5, I want to discuss the various stages where a loan transaction can go sideways as well as some of the issues that derail a loan transaction. 
There are several stages of a loan transaction and at any point in the transaction and at any stage in the process, something can go wrong.  The important thing to remember is what can be done to resolve the problem so that the transaction can get back on track and proceed to the close … (7 comments)

fha loan vs conventional loan: LOCAL VENTURA COUNTY REALTORS STAND UP TO APPRAISAL MANAGEMENT COMPANIES AND THEIR OUT OF AREA APPRAISERS - 12/27/09 09:23 PM
Because most of my business this year has been for FHA loan transactions, my clients and I haven't personally been affected too much by the HVCC craziness.  Of the few conventional loans that I did originate this year, only two were subjected to HVCC. 
Both of these transactions proved to be the typical HVCC nightmare stories of suffering through long, drawn out appraisal ordering systems with the appraisal management companies (AMC). 
Both were also more expensive than any of my FHA appraisals, both were appraised by out of area appraisers and both came in lower than the most recent comps for the … (8 comments)

fha loan vs conventional loan: FIRST TIME BUYER OPTIONS IN LOS ANGELES & VENTURA COUNTIES - Part 1: FHA is the Best Option for First Time Buyers - 08/13/09 11:24 PM

 
For most of my first time buyer clients, FHA is, without a doubt, their best option for purchasing their first home here in LA & Ventura counties.  For many first time buyers around here, they have been sitting on the sidelines for years waiting for the market to do exactly what it's doing:  for home prices to fall and rates to remain historically low. 
First and foremost, one of the best advantages of an FHA loan is the 3.5% minimum down payment.  For many first timers who don't have the means to make the required 10% down payment for … (4 comments)

 
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Donne Knudsen CalState Realty Services

Simi Valley, CA

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Los Angeles & Ventura Counties in CA

Cell Phone: (805) 206-9123

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