declined: Gullible's Travels: Declined Claims - 05/06/15 11:34 AM
Sometimes a roof can naturally reach its end of  life. Texas heat can also work to prematurely age a roof when a home's attic area lacks sufficient ventilation. Intensely high temperatures can literally "cook" a roof from the inside out, and will often show up in the form of a "blister" or granulated shingles, which is often mistaken by many homeowners (and even some home inspectors) as hail damage.
Last week, we received the following letter as part of a Seller's Disclosure package. The letter noted that the homeowner filed a claim for roof replacement in October of 2014, which was subsequently declined. … (28 comments)

declined: Home Inventory Is Shrinking for FHA Buyers - 03/22/15 06:56 AM
FHA Buyers and the Realtors® who represent them are facing a shrinking pool of compatible homes to choose from. Ironically, the latest cuts stem from HUD's re-implementation of FR-4615 Prohibition of Property Flipping in HUD's Single Family Mortgage Insurance Programs, better know as the "FHA Anti-Flipping rule" or "90-day Seasoning Requirement" initially enacted in 2003.
As of January 1, 2015, Buyers who are using FHA financing once again aren't able to make offers on certain properties as soon as non-FHA financed buyers.
Originally designed to protect FHA Buyers from illegal flipping schemes and curtail mortgage fraud, the Anti-Flipping rule prevents applicants from successfully getting approved … (0 comments)