short sales: Flipped on Your Mortgage?
- 11/12/09 02:29 AM
It's important as a Realtor to be aware of as many programs in the real estate industry as possible. I feel it is my responsibility as a real estate expert, not only to buy and sell, but to help however I can. I came across a program that is backed by Freddie Mac, called H.A.M.P. (Home Affordability Modification Program). As I understand it... It is basically a Short Sale of the existing loan, but to the existing homeowner. By now most are aware of what a "Short Sale" is. But here is a brief description for those who might be unclear...A "Short … (0 comments)
short sales: The Truth About Short Sales (for Sellers and Buyers)
- 05/14/09 01:44 AM
I have had some recent experiences that have inspired me to write a blog about, "The truth about short sales". This is NOT a class, and I am a licensed Realtor, but NOT a Short Sale Certified Specialist. This is basically an ABC's for Buyers and Sellers. This is also based on MY experience and professional opinion. I will cover Sellers first, because then Buyers will understand the process a little better. What is a Short Sale? Basic definition is a Short Sale is when a home is being sold "short" of the liens and mortgages that is owed on … (0 comments)
short sales: First Time Home Buyers
- 04/20/09 06:13 AM
What a GREAT time for First Time Home Buyers (at least anyone who hasn't owned a home in the last 3 years)! Here's why: FHA is actually LENDING money. All you need is a credit score of 625 (right now) or higher, a job (obviously), and 3.5% down. Two different clients of mine just bought newer homes, in beautiful neighborhoods! Their monthly payments which include mortgage, taxes, and insurance is just over $1,200 per month! Not to mention the $8000 tax credit they're going to get, and NOT have to pay back! Oh yeah...and most of the time the seller … (3 comments)
It's important as a Realtor to be aware of as many programs in the real estate industry as possible. I feel it is my responsibility as a real estate expert, not only to buy and sell, but to help however I can.;)
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