Commercial properties are the next wave to hit our sagging economy. There are Trillions worth of properties that will have balloons due, interest rate hikes, on top of the properties that are vacant, or non performing.

Bank cannot take on these expensive properties on top of the residential backlog of foreclosure.

Help is HERE!! I can offer to your commercial owners an opportunityt modify their loan, similar to residential, but much more direct. Commercial loans do not have the regulation to jump through and the banks are much more motivated to negotiate to keep the owners paying. Commercial properties have taken a huge hit to their value and CANNOT REFINANACE THEIR TERMS. This is a WIN WIN solution.

I am affiliates with the Top performing commercial loan restructuring firm in the country.

If you are yourself a commercial owner, contact me at my email to get a small application to complete, in 48 hours I will have an answer as to if your property type and terms of your loan qualifies. Then you proceed to the next step.

Commercial and Real Estate Agents - you can be the HERO for your clients who are stuck upside down with their properties. Anywhere is US qualifies, you can refer them to me, get their app reviewed, and if accepted, you earn a referral fee, and are the HERO to keeping your client in their property with better terms, so they can keep running their business. You will  get  referrals from being the HERO.

Contact me at WendyAbner@msn.com for more info or an application.

941-756-4650 office

Money is flowing again, and in a big way with our quick turn time securities loans. Any financial instrument , stiocks, bonds, can be loaned against, including commodities. No underwriting fees. Yes, you read correct - NO FEES, siply liens against the asset, maintains control and can keep it where it is. International assets as well!!

So go thru your pipeline, look at the PFS of your principals and ask what makes up their net worth. Get the funding htey need now!!

Turn time is 7 - 10 days!!

Email scenarios to Wendy at WendyAbner@msn.com

Commercial Lending Source, Inc.

H4H HUD Bailout program is perhaps the saving grace for many homeowners in jeopardy of losing their homes. It is also an attempt to bring loan values back down in order with the mortgage liens against them.

I will post the guidelines for you to read, keep in mind that no one is writing these loans yet as there are many questions yet to be answered as to how they will work, how to get the lenders on board and accept the new loans, and what lenders will be offering them.

There is training in November at HUD headquarters in Atlanta where many of us will be getting questions answered. As a broker, I am preparing to have a team of experts in my office that will know this program inside and out, have attorneys who will direct us to the attorneys for the lenders to negotiate, and a team of processors direct with the FHA lenders who are trained to handle the volume that will come with this program.

Read below some Q & A:

HOPE FOR HOMEOWNERS

FREQUENTLY ASKED QUESTIONS FOR CONSUMERS

General/Program related questions

What is the HOPE for Homeowners Program (H4H)?

This new program, created by Congress, is intended to help borrowers at risk of default and foreclosure refinance into more affordable loans.

How can the H4H program help me?

If you are having trouble making your mortgage payments, this program may allow you to refinance your loan into a new 30-year fixed rate loan with lower payments.

Do I have to pay anything to apply?

There will be closing costs associated with HOPE for Homeowners loans; however, they may not be required to be paid out of pocket by the borrower.  Please consult your lender or a HUD-approved Housing Counselor for more details.  To find a FHA-approved lender or HUD-approved Housing Counselor, please go to www.fha.gov.

How long will the process take?

Processing time will vary, but usually takes approximately 60 days.  Please consult your lender when you apply.

What information do I need to apply?

Your lender is in the best position to answer this question based on your specific situation, but at a minimum you will need evidence of your income and assets, as well as your current mortgage information.

How long is the H4H program available? 

The program began on October 1, 2008 and will end on September 30, 2011.

What interest rate will I receive?

The interest rate for the new H4H loan will be provided by the lender and is based on current market rates.

I don't want another adjustable rate mortgage.  Will this interest rate be fixed or adjustable?

All HOPE for Homeowners loans are 30-year FIXED RATE mortgages insured by the Federal Housing Administration (FHA).

I contacted my lender and they are not interested in participating in this program.  Can I apply with HUD?

HUD does not accept loan applications or lend money directly. You may apply with any FHA-approved lender who is participating in the program.  You may also consult a HUD-approved housing counselor.  HOPE for Homeowners is a voluntary program for both borrowers and existing lenders.  In order to complete a HOPE for Homeowners loan, however, your lender must agree to accept the proceeds of the new loan as payment in full.  For further assistance you may wish to consult a HUD-approved counselor. You may contact me direct - Wendy Abner at WendyAbner@msn.com , as I participate with an approved lender in all 50 states.

Eligibility questions

My lender has started foreclosure proceedings.  Can I still apply for H4H?

Yes, however, time is of the essence. 

Is there an income restriction?

No, but you will need to demonstrate that you have sufficient, steady income to make the new H4H mortgage payments.

I recently filed for bankruptcy.  Am I still able to apply for H4H?

Yes, borrowers in bankruptcy may participate; however, you will want to consult with the person handling your bankruptcy.

My lender has already foreclosed on my home.  Can I still apply for H4H?

It may be possible depending on which stage of the foreclosure process you are in.  You should talk to your lender immediately for more detailed information.

I have a first and second mortgage on my home.  Can I still apply for H4H?

Yes, however, all your existing lenders must agree to release the liens against your home.

I am current on my mortgage.  Can I apply for H4H?

Yes.

Lender related questions

Can you recommend a lender?

HUD does not recommend lenders; however, a list of participating lenders is located on our website at www.fha.gov.  In the section marked "At your service," please click on the link "Find a HUD approved Lender in your area."

I can't reach my lender and I would like to apply.  What should I do?

You may contact any participating lender to apply.  For a list of HUD-approved lenders, please go to our website at www.fha.gov.  In the section marked "At your service," please click on the link "Find a HUD approved Lender in your area."

My lender is not registered and I would like to apply.  What should I do?

You may contact any participating lender to apply.  For a list of HUD approved lenders please go to our website at www.fha.gov.  In the section marked "At your service," please click on the link "Find a HUD approved Lender in your area."

Counseling questions

I am not clear on what to do.  How do I decide if this is the right choice for me?

You can contact a HUD-approved Housing Counselor in your area.  They can help you evaluate the different options that may be available to you, and help you determine your best course of action.  You can locate a counselor in your area by going to our website www.fha.gov and clicking on the link "Talk to a Housing Counselor."

How can a housing counselor help me?

Housing counselors are knowledgeable about available programs to help struggling homeowners.  They can review your specific situation, identify your options and help you make an informed decision.

Will I have to pay taxes on the portion of my loan(s) my current lender(s) "write off" or forgive?

You should contact the Internal Revenue Service at 1-800-TAX-1040, or your tax advisor regarding tax-related questions.

Feel free to contact me directly to have any questions answered.

Wendyabner@msn.com

Many of us have struggled thru this past years ups and downs. I see the tide changing and lenders are putting resources back to programs that are necessary to keep our economy going. CONDOTELS - one of the largest investments here in Florida are fractional ownerships of condotels. If you have searched and not found any funding for them, that would be because all the lenders dropped their programs except for a select few that portfolio their own programs. I am currently working on several projects in Florida, Vegas, and the northeast. If you need condotel financing for your clients, or yourself, contact me to get it closed.

Perfect 2/2 condo end unit, stainless steel appliances, large family room and enclosed porch. Laundry room and storage closet.
Right in Palm Aire, University Park, off of University Blvd. Close to 1-75. Contact Kathy Kelly for a showing 941-730-3251.
Enjoy the video below.

Summer is here and school has been out now for two weeks. There is so much to do here in Florida that you don' t need to leave the state. As BIG Hockey Fans, we have the pleasure of attending Tampa Bay Lightning games throughout the year in downtown Tampa,

if you are a baseball fan, we have the spring training for the Pittsburgh Pirates, and our own Tampa Bay Devil Rays!!

My family and I had the pleasure of attending opening day for the new waterpark at Sea World, Aquatica, and it ROCKS!!! We have been back 2 times so far this year. It has so many slides, 2 wave pools, 2 floating rivers, tall towers, and the play maze. The Commerson Dolphins are a big hit there.

Then of course, the Crown Jewel of Florida, SHAMU!!!!! My son wants to be a trainer when he grows up.

Make sure you take advantage of all we have around us here in Florida, and if you are just visiting, take in the sights. We are blessed to have the beautiful beaches, wildlife, warm weather as well.

There is nothing like living in Florida, La FLorida as my children call it!! Hope you enjoyed.

Who is the next person you know that is moving to Florida?If you are looking to move here, please contact me to refer you to a By Referral Only Agent in your area, or myself.

Wendy Abner, Your Mortgage Consultant for Life.

Recently, I was doing a refinance for a realtor who didn't have a clue what their score was. I found this hard to believe coming from a well respected agent in our industry. Especially since ther eis so much idenitity theft going on. I personally had 4  utlility accounts opened in my name in California. I have never been to California!!! I t took an act of God to get it off. I was treated like a criminal to prove they were not mine.

We all need to check our scores at least once a year and read thru the report. I offer this to my clients for free each year and I review the reports with them. There have been very few reports that were 100% accurate as to all accounts being the clients. Also, not only should we , as professionals, be checking our, but our clients. Realtor agents, this is a great way to stay in touch with your clients after a closing, 6 months down the road, to make sure their old house shows paid off and their new mortgage in reporting. Build that relationship.

There are several reputable credit repair sources I have been using and highly recommend. If you would like to know them, please contact me. Did not think it was appropriate to list them here. Many clients need credit repair and they can actually remove delinquent account, judgements, etc. Gives the client the second chance they deserve.

Stock Market plummeting, Where are all the investors going?? One place is

COMMERCIAL INVESTING AND DEVELOPMENT

For real estate agents, financial planners, accountants, you should consider advising your clients to invest in commercial real etstate ventures. Many Latin American and Caribbean countries are outperforming any other investment they could make - 17 - 30%. Land value is still low and the demand for tourism is very high.  Projects to invest in are plentiful and funding is readily available.

Our firm specializes in funding from $200K to $700 Billion for hotels, resorts, shipyards, commercial office buildings, apartment buildings. New construction, acquisition, or takeout strategies. Non recourse, 100% Loan to Cost, Debt/Equity, JV, for projects that are strong, have all entitlements, ready to go.

Email me your need for commercial funding including a complete package to WendyAbner@msn.com

Our firm specializes in funding in the US,  Mexico and the Islands of the Atlantic,  Caribbean,  Costa Rica as well as Eastern Europe, Dubai, Romania.

As a CONSULTANT, Licensed mortgage broker with 15 years banking/lending/commercial experience and  degrees in the field , BS and Masters. I spend my time with you, the principal,  on your project,  negotiating, overseeing the transactional details, and consulting with your regularly to ensure a smooth closing. Does this sound very different from any loan officer/broker you have worked with?? It should, because I am different and so is my staff.

We can lend from $200K small commercial  to $ Billions for hotels, resorts, shipyards, commercial office buildings, apartment buildings. New construction, acquisition, or takeout strategies. JV, mezzanine, we can do it all. Let us get your project funded now WendyAbner@gmail.com

Have smaller projects, offic ebuildings, coop's? apartment complexes? We can fund those as well. Realtors, get linked with a powerhouse brokerage who can take care of your clients with World Class Service. We are here to serve you and grow your business.

Visit our web at http://www.gobigcommerical.com/or blog http://commercialloans.blogspot.com/

As a mortgage consultant, I have been inundatedwith questions, conference calls, emails about the market and the rates this week. Yes, it has been a turbulent time. As an optimist, there is no better time to call all of my clients, friends and family to ensure their best interests are taken care of - Their financial future!!

As a consumer, you should be contacting a reputable broker that is knowledgeable of the market and your situation. Speak with your clients about their mortgage program and ensure they make an informed decision while rates are historically low, for a refinance or purchase. As a mortgage consultant, my clients look to me as the expert to assist in their decision making. I evaluate their current mortgage and determine if they can save money by refinancing thru the use of true models.

You want someone who is looking out for YOUR best interests, not their pay check. If you need any help or have any questions, please feel to contact me and I will be happy to assist you.

On your Team,

Wendy Abner

Licensed Mortgage Broker