colorado: Realtors, do you want more qualified buyers? There is still 100 percent financing out there and it isn't VA? Read this post and find out.
- 11/17/08 06:05 AM
If I told you that there was 100 percent financing out there with no closing costs and no fees. Would you believe me? Well there is and I am willing to stake my reputation on it. This mortgage company only lends to borrowers for Owner Occupied properties. The borrower cannot have an ownership interest in any property when applying for the loan. The mortgage company is funded by Bank of America and Citi Mortgage. Here is the catch. I will tell everyone that comments and subscribes to my blog what the source is. You will be very pleased to hear it … (1 comments)
colorado: Here is a quick way for everyone to make several thousand dollars in 90 days guaranteed. Will the Government Madness ever Stop???
- 11/17/08 04:11 AM
The Government has just announced a new brilliant plan for those that are struggling to pay their mortgage. The FHFA (Federal Housing Finance Agency) in an attempt to help struggling homeowners is working with loan servicing companies to help borrowers who meet the following criteria. Borrows Must: Be at least 3 months behind. Owe 90 percent or more than their home is worth. (Almost all of homeowners) Not declared bankruptcy. Here are the ways that borrowers get help: Interest rate could be reduced so that a borrower would not be paying more that 38% of their gross income on housing. Extend … (5 comments)
colorado: I need lender sources soon or I am going to scream!!!
- 11/17/08 01:31 AM
Have these lenders absolutely lost their minds? Why can't I find permanent financing for my Stated Income People, Verified Assets for non owner occupied loans. These people have close to 800 credit scores and a few hundred thousand dollars in the bank, but can't get permanent financing? These folks were not the root cause of this problem that we are in right now. It is the people who were buying homes that they could not afford with an ARM. The investors that I am dealing with currently have made fantastic decisions most of their lives, but now are being punish because … (3 comments)
colorado: What you don't know about Short Sales, but may want to know.
- 11/15/08 07:17 AM
You may have already heard about this, but I thought I would tell you anyway. There is a new website out there that is dedicated specifically to Short Sales. It has Short Sale Experts from almost every state that posts to the site on a daily basis. A group of us have pooled our resources together and are hoping to make a difference in this changing housing market. If you have an interest in being a contributor and your State or City is available, go to this link Become a Contributor and let Tony know. I will tell you that this concept … (5 comments)
colorado: Denver Short Sale questions and answers, Part 1
- 11/14/08 01:08 PM
Today I will attempt to answer a couple of common Short Sale related questions. Here are a few of them. If you have equity in your home, will a lender allow a Short Sale on your property? Considering the Real Estate market as it is now, probably not. If a BPO is triggered because of a Short Sale offer and the bank finds out that there is equity, they will be hard pressed to approve a Short Sale because they will benefit from the sale of the house if it goes to auction. There are entirely way too many upside down properties … (12 comments)
colorado: The BPO (Broker Price Opinion) and the Short Sale process
- 11/13/08 07:23 AM
It is of the upmost importance for us Realtors to try and assist with the BPO (Broker Price Opinion). For those who are not Realtors a BPO is simply an opinion that is given on the market value of the home by a licensed Realtor in most cases and sometimes an Appraiser. Most of the time it is a Realtor, because we are the only ones that are willing to take the measely 75 dollars that the banks are willing to pay us. We do this in hopes of getting short sale listings or foreclosure listings if we are working for … (5 comments)
colorado: When should a homeowner consider a Short Sale?
- 11/11/08 01:06 PM
The question "when should I consider a short sale?" is often asked by home owners, it is second to the question "what is a short sale?". This is a reasonable question to ask, especially when a person has limited Real Estate knowledge. A Short Sale simply put, is selling a property short. This means that if a person owes 200,000 dollars on their house and the market value will only bring buyers at 170,000, you are forced to ask the bank to take less money than what is owed to them. Why would a bank even consider something like this (another … (4 comments)
This blog has relevant information for the Realtor on the go. I write about relevent things happening around the USA and in Colorado. If all else fails, I inject a bit of humor into my blog posts.
If I told you that there was 100 percent financing out there with no closing costs and no fees. Would you believe me? Well there is and I am willing to stake my reputation on it. This mortgage company only lends to borrowers for Owner Occupied properties. The borrower cannot have an ownership interest in any property when applying for the loan. The mortgage company is funded by Bank of America and Citi Mortgage. Here is the catch. I will tell everyone that comments and subscribes to my blog what the source is. You will be very pleased to hear it … (1 comments)
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