Thursday, April 12, 2012
6 Don'ts after you apply for a mortgage
Click here to see what you shouldn't do after applying for a mortgage loan.
Thursday, April 5, 2012
Thursday, March 29, 2012
Thursday, March 22, 2012
Spring Has Sprung!
Low interest rates, a tremendous selection to choose from, and the seasonality of it all makes for an exciting next 60-90 days. My advice to anyone looking to buy or sell is that waiting to be aggressive could be a fatal mistake if you hope to find the best deal. From my experience, the best deals come when more people are competing for them…and that time is NOW!
Click here to read more!
Click here to read more!
Wednesday, March 21, 2012
Tuesday, March 20, 2012
Monday, March 19, 2012
Buying a Home? The COST Is More Important Than the PRICE
We have often advised buyers to look at the COST of purchasing a house more than the PRICE of the home. Click here to read more!
Thursday, March 15, 2012
Short Sales Get Shorter: New Deadlines to go into Effect
DAILY REAL ESTATE NEWS
THURSDAY, MARCH 15, 2012
As part of a settlement with state attorneys general, the five largest mortgage servicers are adopting new requirements for short sales, which is expected to speed-up what has been known as a lengthy process.
Here are some of the new requirements for servicers under the settlement:
• Servicers must provide borrowers with a decision within 30 days after receiving a short sale package request.
• Servicers will be required to notify a borrower, also within 30 days, if any necessary documents are missing to process the short sale request.
• Servicers must notify a borrower immediately if a deficiency payment is needed to approve the short sale. They also must provide an estimated amount for the deficiency payment needed for the short sale.
• Servicers are also required to form an internal group to review all short sale requests.
• Banks will be considered in violation of the settlement requirements if they take longer than 30 days on more than 10 percent of the short sale requests. Violations can carry fines of up to $1 million and $5 million for repeat offenses.
"If a real estate broker can get a checklist from the bank detailing what documentation is needed, everything can be provided up front, and the bank will be required to give a thumbs-up or a thumbs-down within 30 days,” short sale specialist Chris Hanson with the Hanson Law Firm told HousingWire. “That's not a bad deal.”
THURSDAY, MARCH 15, 2012
As part of a settlement with state attorneys general, the five largest mortgage servicers are adopting new requirements for short sales, which is expected to speed-up what has been known as a lengthy process.
Here are some of the new requirements for servicers under the settlement:
• Servicers must provide borrowers with a decision within 30 days after receiving a short sale package request.
• Servicers will be required to notify a borrower, also within 30 days, if any necessary documents are missing to process the short sale request.
• Servicers must notify a borrower immediately if a deficiency payment is needed to approve the short sale. They also must provide an estimated amount for the deficiency payment needed for the short sale.
• Servicers are also required to form an internal group to review all short sale requests.
• Banks will be considered in violation of the settlement requirements if they take longer than 30 days on more than 10 percent of the short sale requests. Violations can carry fines of up to $1 million and $5 million for repeat offenses.
"If a real estate broker can get a checklist from the bank detailing what documentation is needed, everything can be provided up front, and the bank will be required to give a thumbs-up or a thumbs-down within 30 days,” short sale specialist Chris Hanson with the Hanson Law Firm told HousingWire. “That's not a bad deal.”
Thursday, March 1, 2012
Wednesday, February 29, 2012
Weekly Power Tools Newsletter
As the marketing environment becomes more competitive, much has been written about the need for business people to innovate in order to succeed. But how does one go about innovating?
Click here to find out!
Click here to find out!
Wednesday, February 22, 2012
Home & Wealth Newsletter
Click here to see the 6 points to ponder about selling your home NOW - PLUS...3 ways to prep for April 15th.
Thursday, February 16, 2012
Two things you may have missed
Click here to see what you NEED to know should you be considering a refinance or to buy in the future.
Monday, February 13, 2012
Thursday, February 9, 2012
Wednesday, February 8, 2012
Monday, February 6, 2012
Weekly Inside Lending Newsletter
Forecasting Federal Reserve policy changes in coming months... The week before last week, the Fed said its goal was to keep the Funds Rate super low through late 2014. No one yet doubts their resolve. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.
Click here for more information!
Click here for more information!
Wednesday, February 1, 2012
Friday, January 27, 2012
Tuesday, January 24, 2012
Real Estate 2012 : Many positive outlooks
There is a growing belief among many experts that 2012 will be the year housing turns the corner and starts heading in a more positive direction. Click here to read more!
Monday, January 23, 2012
Bottom line - Home buying could soon beat renting
Been on the fence about buying? Click here to read up on why the experts say you may be better off with a long term investment like buying a home vs renting.
Thursday, January 19, 2012
Tuesday, January 17, 2012
Monday, January 16, 2012
Weekly Inside Lending Newsletter
SOMEHOW STAYING POSITIVE...From little guys to big time investors, we're all trying to keep our spirits up on the good news and patiently wait out the bad. This past week had a bit of both. click here to read more!
Thursday, January 12, 2012
Home & Wealth Newsletter
Click here to see 10 tips to make your home air- and water-tight PLUS...8 things to consider with low-cost, no-contract cell phone plans!
Monday, January 9, 2012
Inside Lending Newsletter
Click here to read about Forecasting Federal Reserve policy changes in coming months
Thursday, January 5, 2012
Wednesday, January 4, 2012
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