Loans at Risk For Some Buyers! - 06/28/10 08:58 PM
Fannie Mae's new "Loan Quality Initiative" went into effect on June 1, 2010... which means that loans may be at risk for some buyers. Here's what you need to know-and what you need to do- to keep your deals from blowing up right before closing.
Undisclosed debt is a leading cause of mortgage fraud and early payment loan defaults. That's why, as of June 1, lenders who originate mortgages that will be sold to Fannie Mae are being advised to pull a second credit report on many transactions just before the loan closes. By reviewing a second credit report, lenders can … (1 comments)

You Can Afford to Buy and Haven't...Are You Crazy? - 06/21/10 10:15 PM
This may be the best buyer’s market that we’ll see in our lifetimes. There are lots of legitimate reasons why a person should be taking advantage of this market if they are able.
Obviously, if a person doesn’t have the down payment or credit score, they won’t be able to seize this opportunity. If a person is concerned about losing their job, that would be a valid reason for not buying now. If you are planning on relocating in the next year or two, maybe now isn’t the time to buy.
On the other hand, if a person doesn’t own a … (0 comments)

EXIT Realty Educates the Public in Free Webinar June 8: Real Estate After April 30th...What Now? - 06/05/10 07:38 PM
Company's U.S. President, Tami Bonnell, explains what home buyers, sellers should know now So you didn't buy a home before the first time homebuyer tax credit expired on April 30th... what now? Are there still good deals to be had?
EXIT Realty Corp. International will be hosting a free, live, public webinar designed to help consumers make smart decisions before they buy or sell a home. U.S. home buyers and sellers are encouraged to tune in for the discussion.
Entitled "Real Estate After April 30th - What Now?", the 30-minute webinar will be hosted by real estate expert and President of … (0 comments)