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finance: Somebody 'splain this to me? Does a lender pretend I already have $8000 - 02/23/09 03:52 PM
If I were a first time buyer, I'm not, by a long shot, but if I were, how would my lender handle the fact that my Uncle Sam BHO is going to give me $8000 as soon as I buy my first home. OK, so it's not exactly right away, but as soon as I can file my taxes and get my return I am going to have a nice handful of cash.
Does a lender consider that when I ask for a pre-approval? If I have not been able to scrape together enough money for a downpayment, why would the lender … (4 comments)
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finance: HUD Hope for Homeowners worth the read - 10/04/08 08:36 AM
Homeowners who are facing foredlosure may want to read the information on the new HUD program that became effective earlier this month. In a nutshell, this program "encourages" lenders to participate in a program to write new loans that will replace troubled mortgages. The new loan is based on 90% of the current appraised value of the home. There are lots of conditions and the owner must agree to share equity with HUD when the property sells. There is also a payback of the up front equity that is created by the new loans. The details and additional information are found at the follwing link.http://www.hud.gov/hopeforhomeowners/consumerfactsheet.cfmBe sure to look at … (0 comments)
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finance: The Occasional Short Sale - 10/01/08 07:59 AM
In this market most buyers and sellers as well as their agents need some knowledge of the SHORT SALE process.
What is your best advice to consumers and professionals when it comes to short sales, either on the sale side, or the purchase side.
Most of us don't want to become the latest and greatest expert on the subject, but we need to be prepared because sooner or later we are going to run into a short sale situation.
Are there on-line courses that give a solid orientation? Obviously I am not looking for an overpriced "make me a millionaire in a day" … (0 comments)
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Eileen Musser EX Realtor
York,
PA
More about me…
no longer in real estate
Address: 5886 River Drive, York, Pa, 17406
Cell Phone: (717) 615-3179
Email Me
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