mortgage: New Bill Would Repeal Home Mortgage Exception During Bankruptcy - 09/24/07 04:41 PM
New Bill Would Repeal Home Mortgage Exception During Bankruptcy http://www.housingwire.com/2007/09/21/new-bill-would-repeal-home-mortgage-exception-during-bankruptcy/ Great Article By Paul Jackson: Check out www.housingwire.com for this and other housing industry information A new bill introduced today by Reps. Brad Miller (D-NC) and Linda Sánchez (D-CA) seeks to repeal the home mortgage exception in the current U.S. Bankruptcy code: ... the Miller-Sánchez … (2 comments)
mortgage: Legislation to Eliminate Stated Income loans - H.R. 3081 - 08/16/07 08:48 PM
Interested to hear your thoughts on this. http://www.govtrack.us/congress/billtext.xpd?bill=h110-3081 A few highlights from the link...---`(C) VERIFICATION OF CONSUMER INCOME AND FINANCIAL RESOURCES- In the case of any consumer credit transaction secured by a consumer's principal dwelling, the income and financial resources of the consumer shall be verified for purposes of this paragraph by tax … (0 comments)
mortgage: 18.0% Price Increase in All Luxury Homes?... Even Declining Markets? - 08/14/07 07:44 PM
What would happen if luxury home prices increased 18.0% in less than 30 days? Sounds like 2005 all over again right? You're probably wondering if you can buy one as a pre-sale, right? What would you say if I told you that, in a way, prices have already increased that much even in declining markets? … (3 comments)
mortgage: How much does cashing out your equity really cost you? - 08/13/07 04:01 PM
Be mindful when pulling cash out of your home that the cost of doing this is not excessive. Paying $7000 in refinancing fees may not be worth it when pulling out $15,000. You may want to try an alternative option to tide you over until your circumstances change. When trying to cash … (4 comments)
mortgage: The Importance of Paying Your Rent by Check - 07/31/07 12:30 PM
Many potential homeowners make a huge mistake by paying their monthly rental payment to their landlord in cash. Why is this a mistake? Many lenders will require 12 months cancelled checks to verify timely rent payments. If you only pay your rent with cash there will be no way to document a … (0 comments)
mortgage: Real Estate Investment and Hard Money Loans - 07/17/07 02:23 AM
In the world of real estate investing, people are always on the look out for different ways to make an investment purchase. Typically the property would simply be bought & mortgaged in the traditional manner. But, as home values rise and the cost of living in Washington increases, buyers are seeking out other … (0 comments)
mortgage: Interesting Analogy About Investing Time and Money in Your Business - 07/09/07 06:33 PM
A Valuable Mortgage Lesson Learned From Tiger Woods By: Tom Domin Unless you've been living in a cave or under a rock the last few years, you've seen first hand how Tiger Woods has become one of the most dominate forces in men's golf.We watched as he won the CA Championship at … (2 comments)
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