You Took My Equity AND Made Me Sign A Promissory Note? Short Sales Info - 04/30/09 02:19 PM
Welcome to Earth. You may not get these calls and emails but I do. "Ken, I enjoyed your video about short sales on YouTube. I recently had the bank accept a short sale offer on my home for less than I owe and they are asking me to sign a $65,000 promissory note. Have you heard of this and do I have to sign it?"
Thanks. Yes. No, they won't shoot you if you don't. But ...
Of course I have heard of the lender asking a seller on a short sale to sign some form of indemnification against the loss … (8 comments)

Here We Go Again, DC Empowering the Big Banks (YSP Wars) - 04/29/09 03:10 PM
Say it isn't so! H.R. 1728 (did not get passed in the Senate the last time)
Let me explain this to you One More Time Brad Miller and Mel Watt. Side question: How does such an obviously beneficial to big banks and destructive to mortgage brokers legislation get introduced by Congressmen from a notorious big banking area?
What Yield Spread Premium is NOT
Yield Spread Premium is not a unique and only way for loan officers to rip off home owners and home buyers (any more than any other way).Yield Spread Premium is not something a mortgage broker can make up … (27 comments)

FHA Streamline Refinance - Do You Qualify? - 04/29/09 12:18 AM
Obviously I am asked this question often and it usually goes like this, "I saw your website and wanted to call and see if I/we may qualify for an FHA streamline refinance." Perfect! I can help.
First, ask yourself these three questions:
Do I have an FHA home loan right now?
Am I currently employed with a likelihood of that employment continuing?
Is my existing FHA home loan current? (In other words not late on ANY payments right now.)
If you answered yes to all three of those questions and your home is in Georgia or Florida don't hesitate just pick … (3 comments)

Home Sellers - Meet Your New Stumbling Block HVCC - 04/27/09 05:23 PM
In an effort not to beat a dead horse this will be short, sweet (?) and to the point.
The head of the FHFA, James B. Lockhart, also the former Director of OFHEO, initiated the Home Valuation Code of Conduct to (paraphrased) "help curtail fraud between loan officers and appraisers".
How will it hurt the home owner/buyer? Two immediate impacts:
1. It currently costs about $350 for a Fannie Mae appraisal including the new MC1004 form which is a new $50 requirement. (Costs are estimates and I am not an appraiser but these are the average prices in the Atlanta area … (35 comments)

Fighting The Flu - There Are Steps You Can Take - 04/25/09 01:29 PM
Let's face it - people like to panic. While this strain of the flu is indeed a very dangerous one according to all reports it is also "just the flu". I have avoided the flu for the last several years by following a few simple rules:
Avoid shaking hands. I know this is tough for us but it's one of the best ways to get disease and infection. As odd as it may seem to you a little bow, salute or fist bump may save your life. If not your life at least a few days of feeling really badly.
Always … (9 comments)

Atlanta Area Water Use Regulations May 2009 - 04/25/09 12:39 PM
Novation Mortgage is based in Marietta, Georgia where we have been greatly affected by one of the most serious droughts in modern Georgia history. All of our employees an associates live in the Atlanta metropolitan area and are also affected by this drought. As such we always need quick - at our fingertips - information and this is where we get ours. Remember for FHA home loans, USDA home loans, Fannie Mae and Freddie Mac home loans it is impossible to beat our combination of local, accurate, timely, experienced, and honest information about financing for your home. We also offer the … (1 comments)

Social Media Edge: Twitter - 04/23/09 03:04 PM
I see you there on Twitter. Your name is there, you have your profile completed with a little thumbnail of your cute little self there. You even have your phone number in your profile - good! But then I see you have 23 followers and you follow 8 people and you have updated 112 times. Updated means posted. Posted does not mean interacted. Especially when all 112 posts after the initial two: "Trying Twitter" and "Hello?" begins with "Just posted on ActiveRain".
You're not Tweeting. In fact, you're abusing. Ouch - I know. But what would you prefer - me to … (7 comments)

Atlanta in April - What's Happening? - 04/19/09 08:22 PM
Here are a couple of great reasons to visit Atlanta during April 2009. Be sure to allow plenty of time to contact a local real estate agent to view any of the thousands of available homes in Atlanta fine metropolitan suburbs including Marietta, Sandy Springs, John's Creek, Roswell, Woodstock, Acworth and Kennesaw to name just a few on the north side of town where Novation Mortgage is located. We are the home for Georgia FHA and all types of Georgia home loans. We are also the Georgia home for HUD $100 homes financing.
The Atlanta Film Festival runs from April 16-25, … (2 comments)

Five Things Home Loan Refinance Applicants MUST Know - 04/07/09 04:47 PM
This will save you a lot of time and disappointment:
If your home is currently listed FOR SALE you cannot refinance using a conventional loan. The property will have to be unlisted at the time of the refinance. Some lenders require the property to have been unlisted for 3 to 6 months. If you do not currently have an FHA home loan you cannot do an FHA streamline refinance - that is for FHA to FHA only but there may be other options. Call you local home loan expert. FHA streamline refinances are not "free" - there are closing costs. Some … (2 comments)

Why Personal Branding is More Important Than Ever - 04/05/09 02:51 PM
They're gone. Big names in the industry - huge names. In fact if it wasn't for what will probably turn out to be some very shady and possibly illegal dealings one of the largest banks would not have saved one of the largest lenders from certain failure. How many hundreds of thousands of employees in the real estate, banking, construction and supply company have lost their jobs in the last 24 months?
If you spend all your time building your company name there is no guarantee that from one day to the next you will still have that name on your … (6 comments)

 
Success Rainmaker_large

Ken "Yes You Can" Cook

Marietta, GA

More about me…

Ken Cook, Brand Strategist

Address: Marietta, GA, 30062

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog