housing: FHA Changes Coming Our Way
- 01/24/10 12:22 AM
I just received a Fl-yer from one of my Lenders telling of FHA changes coming our way this Summer and I must say I have cause for concern! The changes would raise the Mortgage Insurance Upfront Premium from 1.75% to 2.25%. FHA is seeking Legislative Approval to increase the Annual Premium which would then shift some of the Upfront Premium to the Annual MIP. Additionally the Sellers Concessions will Decrease from 6% to 3%. We currently have the ability of telling our customers about the Tax Credit currently on the table and it appears there truly has never and will never … (2 comments)
housing: What The Crap- Wonders Never Cease To Amaze!!!
- 01/12/10 07:22 AM
I just received a call from one of my Buyers who I sold their first home to 4 months ago. They have completed their paperwork to receive their $8000.00 from Uncle Sam. My Buyer just explained to me that she had just hung up the phone with the IRS trying to get clarity on the status of their check. The IRS explained to her that she might not get a check. She told her they had been dealing with so much fraud that they had started to categorize files as they came in and if your Buyer's fall into this category … (3 comments)
housing: Feeling A Little Amazed!
- 08/27/09 05:45 AM
Got a call yesterday from a gentleman who simply called me by my first name and gave me his full name and his phone number and location and asked if I would call him. Because of the way the call came in as an Alabama area code and I'm in Georgia and because he called me by first name only I was rather curious? I called back and got a voice-mail which included a cell phone number I could call. I did a reverse look up on the phone number and it was an unpublised number. I thought it was a … (2 comments)
housing: This Place Is Awesome!
- 11/03/08 08:46 AM
We are nearing the end of another day! The customers we have dealt with are calling it quits for the evening and tomorrow is a day that will go down in the history books one way or another. All the e-mails have been answered as well as the phone calls. Now is the time to take a short moment to reflect on what we have to be thankful for. What blessings we have been given and received throughout this day. Active Rain is just that type of place. A place where we as agents, lenders, etc.. can all come together and share … (0 comments)
housing: We've got to be careful!
- 10/05/08 02:39 AM
Safety has always been something that should be first on everyone's mind and I know we are in a totally different time right now. We have issues that we are facing that are totally new even to the most seasoned Realtors and I know it's been said over and over again. I know it harder and harder to get customers and keep customers but, please- please lets be careful out there! Last week a Realtor from Columbus, Georgia was found strangled to death by a tenant she was going to serve eviction papers on. We are truly living in desperate times. … (0 comments)
housing: Give me your thoughts
- 01/31/08 06:03 AM
Just checked the rates for a customer of mine here in Dalton, Georgia and was quoted 5.875. I was told the rates had actually went up since this morning. I've got so many customers watching the news seeing the Feds drop the rates and thinking they can pick up the phone and get those same rates at that very minute. I was told yesterday it would probably be about 2 weeks before we start to see the results of yesterdays decrease? What do you think? … (0 comments)
I just received a Fl-yer from one of my Lenders telling of FHA changes coming our way this Summer and I must say I have cause for concern!
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