mortgage update: Loan/Tax Fraud in Colorado- Owner Occupany
- 05/11/08 03:02 AM
Loan/Tax Fraud in Your Neighborhood- Owner Occupancy Are you Ready for this? Ever had an investigator knock on your door and ask if you have ever seen Mr. Smith next door and if he truly does live there? Think it doesn't happen? - Guess again! It is happening right here in Colorado and they are starting to get creative and utilizing all different kinds of resources in order to catch people. They find the buyer and work their way up to the Real Estate agent and Mortgage Broker- Buyers: You can't hide from this. Are you changing your entire life to avoid … (0 comments)
mortgage update: From the Lips of Fannie Mae
- 02/29/08 04:54 AM
OK so that kind of sounds funny! This post comes from an article I received from Fannie Mae back in December 2007. I have spoken to my preferred lender and we discussed the topic briefly. Really, it is just an incentive for lenders to employ additional tools and processes to validate housing trends and learn how to adapt to them. The way I look at it- people need to buy and sell Real Estate. This is just the way it is- this will never change. Are they sharpening their pencils yes- they should have years ago. Are the implementing new systems-yes. Doesn't … (0 comments)
mortgage update: Mortgage Update- Here's What's Going On!
- 01/28/08 09:19 AM
Mortgage Update from Mark Afman As you know this last year has been an interesting year for the Mortgage (and therefore the Real Estate) industry. Many changes have occurred and many more are on the way. The so called "sub-prime" crisis has caused many companies to go out of business. Many loan officers are now out of the business and many are having to learn a new way of doing things.From a program standpoint, there are virtually none of the No-Doc or No Verification loans available. Stated income loans are still available but the guidelines are much tighter. For example, It is … (0 comments)
mortgage update: Housing Market - What is the Real Deal in Denver?
- 12/10/07 12:33 PM
How about it? What should we believe? Is it true that the mortgage business has single handedly destroyed the housing market in Denver in a matter of months? Look at what the facts tell us... Fact: According the latest Nation Association of REALTORS (NAR) 2nd Quarter report, the city and county of Denver has yet to see any significant fallout. Fact: It is neither buyer or seller market at this point and time. Differential from October 2006 to October 2007 - Denver Metro ALL, Residential Price Range 0-1,000,000+ (Compared over a 12 month interval at the end of October 2007- reflecting a 3 … (0 comments)
Loan/Tax Fraud in Your Neighborhood- Owner Occupancy
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