Ar_home_b_search
 



short sales: Approved Financing Immediately Following a Short Sale - 02/10/10 12:03 PM
A story on the news ran last week regarding the ability for homeowners to short sale and then finance a new home almost immediately.  Although this may be in the case in certain circumstances, if the borrower were to finance the new home through Conventional Financing then certain rules still apply.
For example:
Borrower is Ineligible if: 30 Day late is reported on their previous mortgage Short Sale on previous home was completed for advantageous reasons to the borrower not due to hardship FHA Insured Financing is available, in some cases, in a shorter term than the standard minimum of 2 … (1 comments)

short sales: Delinquencies and Foreclosures continue to Increase - 06/06/08 12:45 PM
A recent article by the Mortgage Bankers Association stated that foreclosures and delinquencies increased from the fourth quarter of 2007. 
            "The seasonally adjusted delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 6.35 percent of all loans outstanding at the end of the first quarter of 2008 on a seasonally adjusted (SA) basis, up 53 basis points from the fourth quarter of 2007, and up 151 basis points from one year ago, according to MBA's National Delinquency Survey." 
(Mortgage Bankers Assoc., http://www.mortgagebankers.org/NewsandMedia/PressCenter/62936.htm)
If you read the remainder of the article it also discusses the percent of delinquencies in … (0 comments)

 

Eric Murrietta

Scottsdale, AZ

More about me…

1st Advantage Mortgage, LLC

Address: 6908 E. Thomas Road, Ste. 202, Scottsdale, AZ, 85251

Office Phone: (480) 707-5603

Cell Phone: (602) 670-3272

Email Me



Links

Archives

RSS 2.0 Feed for this blog