With the years end, December 31st 2014, the FHA ended the temporary waiver to the FHA 90 day flip rule allowing financing on flipped properties before the current owner owned the property over 90 days http://portal.hud.gov/hudportal/HUD?src=/FHAFAQ
What does this mean to a seller or buyer? Continue reading FHA flipping rule was not extended
2015 not only brought changes to the FHA guidelines on appraisals, but also significant changes on who can obtain the appraisal certification. Continue reading 2015 brings huge changes to the appraisal field.
Thinking of buying a home in a rural area? Most homes buyers have heard of the conventional, insured conventional, FHA or VA loans. However, not very many buyers are familiar with a USDA loan.
Continue reading Thinking of buying a home in a rural area, consider a USDA loan
Large institutional investment firms, who have been on a buying spree since the downtrend of the market, have slowed down purchasing distressed homes.
Continue reading Large investment firms are slowing down their home buying spree.
There are many Reasons why you should not sell your house using “For Sale by Owner”. If you would really like to sell your own home, make sure that you have the right team players on your side of the deal. Many buyers for sure will bring their team to the game. Keep in mind that selling a home is a team sport in all situations. Continue reading Reasons why you should not For Sale by Owner
Many of us in Real Estate have personally contemplated, as well as having sellers asking us to take aerial pictures with a Drone or UAS (unmanned aircraft system). A UAS is not considered a model airplane that can operate in airspace that is under 400 feet. Continue reading Drones in Real Estate
First let me quickly explain what notes are. A note is a legal document and the explanation per the free legal dictionary is as follows: “The mortgage note, in which the borrower promises to repay the debt, sets out the terms of the transaction: the amount of the debt, the mortgage due date, the rate of interest, the amount of monthly payments”.
Currently the mortgage rate is still low, and there is not much competition during the winter due to the holiday season. Many families are traveling to celebrate with their out of state family. Continue reading Winter might be a good time to buy your home.
With all the new mortgage rules and regulations that have been put in place since 2009, no wonder many homes buyers are frustrated and confused on what to do to qualify for a mortgage. The internet and news does not help. Continue reading The mortgage approval process is like an orchestra
There comes a time when a fence makes for a good neighbor, especially when property rights of the individual owner is not being respected. You as the property owner have the right to deny entry to any individual that has no contractual interest in the property you own. Continue reading Sometimes fences make good neighbors.
