Real estate blog entries tagged with genesis

Blog entries tagged with "genesis":

genesis: Seller Funded Down Payment Assistance May Make a Comeback! - 09/09/08 08:58 PM

I just got this email from Nehemiah:
Chairman Frank and HUD Secretary Preston Negotiate DPA Agreement
Chairman of the House Financial Services Committee, Barney Frank, has discussed publicly the fact that he has negotiated an agreement with HUD Secretary Steve Preston that will provide for the continuation of privately funded … (4 comments)

genesis: 7,500 tax credit for first time homebuyers… I say it could be a bad thing - 08/21/08 09:20 AM

I would like to start off by saying that every situation is different, however, I feel the new tax credit is not a good thing for the majority of home buyers. There I said it, let the comments come rolling in...... or read on and hear my take.
When President Bush signed Housing Stimulus … (6 comments)

genesis: FHA Loans - 07/31/08 02:16 PM

If you have not heard, FHA has eliminated down payment assistance programs such as Nehamiah, Genesis, etc to take effect on October 1, 2008. This will create a further reduction in our pool of buyers. Buyers will actually have to have money to buy a home now. If you have not kept … (0 comments)

genesis: Without Nehemiah/Genesis, What will Cause the First Domino to Fall? - 07/28/08 07:59 AM

Most people understand the concept of the domino effect on the real estate market. The starter homes must sell first so the owners of the starter home can move up to the next price level, which allows another home to sell and another; much like a child's game of dominos.Fortunately the … (32 comments)

genesis: What is Equity Financing? - 07/08/08 10:34 AM

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WHAT IS EQUITY FINANCING?

The EquiFund Program is a taxable grant program. Equity capital is provided to buyers purchasing a business, commercial or residential property. Equity from the seller's business or property is converted into cash given to the buyer for downpayment funds. The available amount of equity … (0 comments)

genesis: Wall Street Journal Article On FHA| Borrowers Throughout MN Need To Take Notice - 06/24/08 04:44 PM

The Wall Street Journal in their 6/24/2008 edition had an article on the front page entitled "Government Mortgage Program Fuels Risks-FHA Struggles To Eliminate Loans For Zero Down"
This was a great article. My condensed version of the article is this: FHA doesn't like down payment assistance programs that are based … (0 comments)

genesis: WHERE IS COMMERCIAL & RESIDENTIAL EQUITY FINANCING GOING? THE SKY IS THE LIMIT! - 06/14/08 08:24 AM

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EQUITY FINANCING: A VIABLE OPTION

EQUITY FUNDINGS ON THE RISE
Commercial and residential equity funding is stronger than ever. Buyers are beginning to realize the benefits of using equity to purchase real estate. The most recent statistics reflect six out of ten buyers do not have sufficient funds to qualify … (0 comments)

genesis: "No Money Down" - Is it really possible??? - 04/01/08 09:44 PM

Many people see our ads, "buy this home with no money down". Then of course our required disclaimer, "qualified buyers". I am sure most don't call, they think it's the old bait and switch.

There are actually programs where they still only require 3% down. There are also non-profit organizations that … (0 comments)

genesis: Total Eclipse - 02/22/08 02:09 PM

Weds night I sat out in the front yard of our Powder Springs, Georgia with my kids and we were treated to a fantastic show in the night sky.
It started off a little cloudy and weren't sure how much of the show we would be able to see.
Fortunately the skies cleared … (4 comments)

genesis: Genesis...Please fill me in!! UPDATE UPDATE - 01/23/08 04:02 PM

Currently I am trying to close a purchase mortgage contingent on a grant from Genesis. I have never used Genesis to close a loan before, but would like to see this deal happen.
Has anyone in the AR universe had experiences with Genesis? good or bad?
I would appreciate any feedback!
Thank you, Steve … (8 comments)

genesis: The Future of 100% Financing...as we know it. - 12/11/07 09:07 PM

As many of you are aware, 100% financing has been a real boom to our business over the past 5 years. The tide has certainly changed and the term "Declining Markets" is now part of our vocabulary. While it is true that there are many pockets in the country that are … (3 comments)

genesis: Vista & Encompass - 06/07/07 03:42 PM

Finally back to business and the blog with a little advice for those of you thinking about uprading to Vista.
MAKE SURE YOUR LOS SUPPORTS IT. Most don't, and I found that one out the hard way. Our company is moving from Genesis to Encompass. Genesis is absolutely supported with Vista and … (2 comments)