https://activerain.com/blogs/rcloudpcm en-us https://activerain.com/blogsview/4173942/question-regarding-zillow-advertising-any-success- I need some input on Zillow co-branding? Has anyone had any success with Zillow advertising? They offer this program that allows Lenders to Team up with realtors and share the cost. I this a selling point to any of the realtors currently advertising on Zillow? Some of my loan officers are thinking about doing this and I just need the Rains input.. Any input or guidance would be appreciated.. Robert Cloud Branch Manager Pinnacle Capital Mortgage 1-800-254-9659 ext 180 ROBERT CLOUD, RCLOUD (PINNACLE CAPITAL MORTGAGE) Fri, 23 Aug 2013 11:56:06 -0700 https://activerain.com/blogsview/4173942/question-regarding-zillow-advertising-any-success- https://activerain.com/blogsview/3821371/niche-for-realtors-that-specialize-in-short-sales NICHE FOR ALL REALTORS THAT SPECIALIZE IN SHORT SALES For all the realtors that had clients that short sold their homes in the last 6 to 22 months you have a opportunity to put these borrowers in homes under the new FHA -Back to work Program. FHA is now allowing financing for borrower that have had a short sale, foreclosure, bankruptcy, or deed in lieu in the last 12 months assuming they can prove that this was due to an economic event such as a 20% reduction in income or loss of job. The borrower must demonstrate 12 months satisfactory housing history, attend a credit counseling course, and demonstrate that they have stable income and work history and they must have reestablished credit. For more details Contact your FHA Expert-Robert Cloud Just trying to keep America in homes.. Robert Cloud Branch Manager Pinnacle Capital Mortgage 800-254-9659 ext 180 CA-DOC 319471 AZ-81395 ROBERT CLOUD, RCLOUD (PINNACLE CAPITAL MORTGAGE) Tue, 20 Aug 2013 06:28:40 -0700 https://activerain.com/blogsview/3821371/niche-for-realtors-that-specialize-in-short-sales https://activerain.com/blogsview/3821352/fha-lowers-the-bar-1year-after-foreclosure--bk--and-short-sale FHA LOWERS THE BAR- 1 YEAR AFTER-FORECLOSURE, BK, AND SHORT SALE On August 15, 2013 the Federal Housing Administration announced a new option for Borrowers that had a serious economic event happen to them during the recent recession. The FHA defines a Economic event as either a loss of income greater than or equal to 20% or Loss of employment for at least 6 months that eventually led to either a Foreclosure, BK, Deed and lieu, Modification, or Short sale. How do I prove a loss of 20%? Tax returns, W2s or Verification of Employment during and prior to this event. How do I prove a Employment loss? Last paystub during this period and Verification of employment and or Tax returns, Unemployment benefits during this period. What else will be required? 12 months of current housing history, Credit Counseling, and Reestablished credit history What will be the terms? Standard FHA pricing, up to 96.5% financing, and FHA mortgage insurance When will this begin and end? As of August 15, 2013 FHA now allows this but it is still up to the Lender to offer this. This option will be available until September 30, 2016. For more details Contact your Mortgage Lender or Call me.. Robert Cloud Branch Manager Pinnacle Capital Mortgage 602-282-3880 direct CA-DOC -319471 AZ-81395 ROBERT CLOUD, RCLOUD (PINNACLE CAPITAL MORTGAGE) Tue, 20 Aug 2013 06:08:39 -0700 https://activerain.com/blogsview/3821352/fha-lowers-the-bar-1year-after-foreclosure--bk--and-short-sale https://activerain.com/blogsview/3820480/can-i-get-a-mortgage-1-year-after-a-short-sale--bk--or-foreclosure CAN I GET A MORTGAGE 1 YEAR AFTER A SHORT SALE, BK, OR FORECLOSURE? The answer is yes. The Federal Housing Administration recently released published guidelines that allow for waiting periods to be reduced from 2 years after a short sale and bankruptcy and 3 years on Foreclosure to 1 year under Extenuating Circumstances caused by the Recession such as Job loss or Reduction of income of at least 20% for at least six months prior to the event. This program will be available through some approved Fha Lenders and the borrower must meet all the standard FHA guidelines; 1. Down Payment of at least 3.5% down 2. Standard documentation of income and assets 3. Borrower must participate in Approved Counseling Program 4. Borrower must have re-established credit 5. Borrower must have proof that Job is now stable This program is called the FHA " Back to Work" program and will be available as of August 15, 2013 through September 30, 2016. For Further Details on getting a Mortgage 1 year after Short Sale, Bk, or Foreclosure contact Me at 602-282-3880 Just keeping America in Homes!!! Robert Cloud Senior Loan Originator MLS#319471 Pinnacle Capital Mortgage 602-282-3880 ROBERT CLOUD, RCLOUD (PINNACLE CAPITAL MORTGAGE) Mon, 19 Aug 2013 08:22:24 -0700 https://activerain.com/blogsview/3820480/can-i-get-a-mortgage-1-year-after-a-short-sale--bk--or-foreclosure https://activerain.com/blogsview/3817188/niche-products-in-2013 NICHE PRODUCTS ARE MAKING A STRONG COMEBACK IN 2013 1. Foreign National Loans are back-offering loans for non us citizens 2. Non Warrantable Condo financing is Available for High investor concentration up to 80% financing 3. One Time Construction Loans up to 2 million 4. 99.5 financing for FHA borrowers with no special grants 5. FHA financing down to 580 Credit Scores 6. Asset Based loans -Using your Assets as Income without pledging..... These products are unusual and require in depth product knowledge to make them happen but they can be done..... Any questions, Don't Hesitate to contact a fellow Professional.... Just trying to keep America in houses one step at a time.. ROBERT CLOUD, RCLOUD (PINNACLE CAPITAL MORTGAGE) Thu, 15 Aug 2013 07:52:36 -0700 https://activerain.com/blogsview/3817188/niche-products-in-2013