florida: How Do You Become an FHA Approved Lender? From Christopher Shearer
- 03/19/09 12:36 AM
Christopher Shearer FHA Lender Approval Types Nonsupervised Loan Correspondent: This is the only type of approval mortgage brokers can apply for and allows them to originate Title II single family loans and/or Title I loans. Correspondent lenders and mortgage lenders who only want to originate should apply for this type of approval. Nonsupervised Mortgagee: Correspondent lenders and mortgage lenders should apply for this type of approval if they want to do any of the following lender functions in addition to origination: underwriting, servicing and owning any type of FHA insured loan. Supervised Loan Correspondent: Banks, savings banks and credit unions should … (0 comments)
florida: Realtors: FAQ about FHA's purchase and rehab one time close... 203K program... check it out for your listings that need work... hope it helps from Christopher Shearer
- 03/10/09 11:30 PM
Christopher Shearer ACCEPTABLE PROPERTY TYPESBORROWER ELIGIBILITYELIGIBLE IMPROVEMENTSPROGRAM QUESTIONS LENDER QUESTIONS ACCEPTABLE PROPERTY TYPES Does the rehabilitation construction have to comply with HUD's Minimum Property Standards? Yes. The improvements must comply with HUD's Minimum Property Standards (24 CFR 200.926d and/or HUD Handbook 4905.1) and all local codes and ordinances. <back to top> Is the Section 203(k) program restricted to single-family dwellings? No. The program can be used for one-to-four unit dwellings. Maximum mortgage limitations are the same as for properties under Section 203(b). <back to top> Can Section 203(k) be used to improve a condominium unit? Yes, however, condominium rehabilitation … (1 comments)
florida: How Can I Protect Myself From Identity Theft? From Christopher Shearer
- 03/07/09 04:05 AM
christopher Shearer Individual identity protection The acquisition of personal identifiers is made possible through serious breaches of privacy. For consumers, this is usually due to personal naiveté about who they provide their information to. In some cases the criminal obtains documents or personal identifiers through physical theft (e.g. vehicle break-ins and home invasions). Guardianship of personal identifiers by consumers is the most common intervention strategy recommended by the US Federal Trade Commission, Canadian Phone Busters and most sites that address identity theft. Personal guardianship issues include recommendations on what consumers may do to prevent their information getting into the wrong hands. … (0 comments)
florida: FHA Appraiser Resources from Christopher Shearer
- 03/06/09 11:09 PM
Christopher Shearer FHA Appraisers Resources Handbooks and Guides HUD 4150. 2, "Valuation Analysis for Home Mortgage Insurance," is the primary handbook for FHA appraisers. Revised Appendix D to HUD-4150.2 Valuation Protocol. Homeownership Center Reference Guide - Provides additional guidance. Policy Letters and Brochures ML 07-11 - FHASecure guidance on appraisal practices in declining markets and appraiser responsibilities. Industry Sites The Appraisal Foundation Appraisal Subcommittee Reference Materials Revised Appendix C Revised Appendix A Revised Table of Contents HOC Reference Guide Other Resources Fannie Mae Appraisal Reporting Forms - Provides current guidance with these industry standard forms. HUD-92564-CN - "For Your Protection: … (1 comments)
Studies indicate that over 80% of today's home buyers visit the Internet long before seeking the professional assistance of a REALTOR®. This means that, thanks to popular realty-themed websites that compete for your business, your clients are already armed with more information than ever before. That's why today's savviest real estate agents must change their perspective and fight back. And the best way to do this is to visit and become familiar with these kinds of sites and the features they offer. This data will … (6 comments)
The Advantages: No Down payment is required. Flexible credit score guidelines. No maximum purchase price limit. Closing costs can come from any source including gifts. Repairs and improvements can be included in the loan. Competitive fixed 30-year rates. Apply with a local participating lender of your choice. Occupy the property as your primary residence. Do not own an adequate home. Do not have sufficient cash for a 20% down payment plus pay typical loan closing and relocation expenses. Be a U.S. citizen, a U.S. non-citizen national or a "qualified alien". Provide … (1 comments)
florida: USDA Commerical Loan Program? from Christopher Shearer
- 02/13/09 05:53 AM
BUSINESS AND INDUSTRY GUARANTEED LOANS (B&I) The purpose of the B&I Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities. This purpose is achieved by bolstering the existing private credit structure through the guarantee of quality loans which will provide lasting community benefits. It is not intended that the guarantee authority will be used for marginal or substandard loans or for relief of lenders having such loans. How does the B&I Guaranteed Loan Program compare to the Rural Energy for America Program Guaranteed Loan and Grant?To assist … (0 comments)
Plugging into What Others Want! We all know the Golden Rule, which states, "Do unto others as you would want them to do unto you." Dr. Tony Allesandra, a national public speaker, quotes The Platinum Rule(tm)*, "Do unto others as they would want you to do unto them." Personality profiling should be a major component of what you do on a daily basis in your business practices. It reaches deep into the area of sales and understanding your clients better, as well as how you relate to the members of your team. There are many … (3 comments)
The Art of Database Management Part I: Working Smarter The relationship you develop with your customers, combined with the personal information you are constantly collecting, can be a goldmine for future business. The fact is most business professionals spend a significant amount of money marketing to people they don't know in an effort to procure new business. Wouldn't it make more sense to go deeper with your existing clients.to really understand their needs.and spend your marketing dollars on people you already have a relationship with? In Bill Gates' book,
Did you know that the credit bureaus sell your clients' personal information? It's true! The same agencies that possess your clients' most vital credit information will flag the files of those applying for home loans and sell their personal information as leads to the highest bidders. With a price tag of $25 to $100 or more, your clients' names and certain specifics about their credit reports, including addresses, phone numbers, mortgage histories, and even FICO score ranges, are sold to unscrupulous mortgage companies which then blindly solicit their business. The … (0 comments)
Identity Theft: 5 Tips to Protect Your Privacy The Federal Trade Commission (FTC) estimates that as many as 9 million Americans have their identities stolen each year. This means that an identity is stolen every 3 seconds, costing the average victim nearly $4,000 and nearly 175 hours to straighten out their problems and their credit. How can you protect yourself from the dangers of identity theft? Here are some suggestions. Conduct a Credit Check-up – Visit www.annualcreditreport.com to obtain a free credit report every 12 months. Review all three of your credit reports and look for any suspicious activity, … (2 comments)
The Truth About Appraisals Knowing the Guidelines Solves the Mystery The appraisal process often baffles consumers. They may feel that their home is worth a higher dollar amount, and so the appraised value doesn't always make sense to them. It is important to know that the appraiser is completely independent from lenders, buyers, sellers, and Real Estate Agents, and that the guidelines to which they adhere are dictated by the Uniform Standards of Professional Appraisal Practice (USPAP) and Fannie Mae. In most states, the mortgage lenders must also disclose the purpose of the appraisal, as each … (0 comments)
Christopher Shearer knows what it takes to be a successful nationwide lender specializing in Colorado and Florida expert financial advising. We specialize in assisting high net-worth individuals with very exclusive properties located in Colorado and/or Florida. Since the start of our operation, our dedication to exceed your expectations and guarantee your satisfaction has made us what we are today. From start to finish in the loan process, we provide no less than exceptional service to our most prized possessions – our clients. Competition is Fierce We understand the loan business to be a fiercely competitive market. But we … (0 comments)
Christopher Shearer knows what it takes to be a successful nationwide lender specializing in Colorado and Florida expert financial advising. We specialize in assisting high net-worth individuals with very exclusive properties located in Colorado and/or Florida. Since the start of our operation, our dedication to exceed your expectations and guarantee your satisfaction has made us what we are today. From start to finish in the loan process, we provide no less than exceptional service to our most prized possessions – our clients. Competition is Fierce We understand the loan business to be a … (0 comments)
florida: 100% home financing - NO downpayment - Government Loan Program to assit in Home ownership
- 02/05/09 12:25 AM
Making Homeownership Dreams a Reality! Are you a renting and have great credit but no money for the down payment? There is a government program that assits homebuyers across America. It is better than FHA and VA because you pay NO mortgage insurance and like VA there is NO downpayment required. It assists borrowers to realize the dream of home ownership. I would love to assit you with any questions about the loan program and help you with your financing. We can even recommend Realtors in your area. You will love the payments with NO mortgage insurance! • 100% financing • … (3 comments)
Christopher Shearer is a multi-family / commercial real estate consultant achieving property owners the highest possible NOI through the implementation of optimal rents for the property, accomplished through careful market, property, comparison grid analysis, effective cost control and revenue improvement programs; identify and analyze trends and recommending appropriate strategies to increase a properties maximum efficiency. Expert at Preparing new investment analysis presentations, offering memoranda and marketing materials, including key investment metrics. IRR, COC, DCR, CR etc.
A seasoned professional, with over 15 years' experience in real estate and finance management. A real estate broker licensed in Florida and Virginia specializing in real estate and asset management of multi-family and commercial properties. Christopher is currently pursuing his M.B.A. in real estate, he holds a B.A. in business as well as an A.A. in business management. Christopher has the following state licenses; Virginia Real Estate Broker, Florida Real Estate Broker, Florida Mortgage Broker and Colorado Mortgage Broker.
Contact me for a consultation and analysis of your commercial or multi-family properties.
Christopher Shearer
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