Glenda and Steven McDaniel's (glendamcd) Blog

A Loan Officer that I work with at Bank of America was discussing with me the benefits of 203K FHA Loan   and I just wanted to pass this along to everyone. The FHA 203K Loan Program has increased in its importance with so much of the present listing inventory consisting of bank REO.  The 203(k) l...

7 Useful Tips for a Buyer that is considering an REO property: 1. The Best time to make an offer on an REO is toward the end of the month.  Banks and financial institutes like to have as many REO properties out of their available inventory by the end of the month. 2. Consider the area that the RE...

So Many Buyers are only interested in properties that are the REAL DEAL and particular in REO Properties, but are they really aware of the some of the condtions to look out for in purchasing an REO. 1. FLEXIBILITY -Timelines involved with closing REO properties can be delayed.  If a Buyer has a R...

Orginally the Obama Administration  created HAMP- Home Affordable Modification Plan     In March 2009 the Obama Administration started working on the MHP or the Making Home Affordable plan.     The Administration was hoping to help 3 to 4 million homeowners through the HAMP program by helping the...