Unusual Loan Situation
Recently, I had a loan request from a borrower who lived in an owner occupied mobile home on land. He also owned a vacant lot worth $70,000. He wanted to get a construction/ perm loan to build a new...
View ArticleChapter 13 “Bankruptcy Buyout”
A Chapter 13 Bankruptcy involves making monthly payments to a trustee. If you have filed for a Chapter 13 Bankruptcy and own a home, then you may be able to pay off that Bankruptcy using your equity....
View ArticleForeclosure Bailout
Lis Pendens (Latin for “suit pending”) is a written notice that a lawsuit has been filed concerning real estate. A property that has a lis pendens filed against it in county records is about to...
View ArticleLease Option/Lease Purchase-Allowing Time To Repair Credit
In this current real estate market where there are more sellers than buyers with varying degrees around the country, old tried and true practices are back in vogue. When properties are sitting on the...
View Article“Seller held seconds” are back!
The real estate market has been showing signs of slowing and more and more properties are advertised for sale; however, one real estate transaction type is gaining in popularity and that is the “seller...
View Article1, 2, 3%……Can you say Negative Amortization?
How about a mortgage with an interest rate as low as one or two percent? Wow! The payment on an adjustable rate mortgage may sound great but as the old adage goes: if it sounds too good to be true,...
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Buying A Condo On Mars
This contract is for an astronaut to buy a condo on Mars. I think he qualifies, but I’m not sure who we can get to do the appraisal…. ….is Han Solo available?
View ArticleHow to Avoid Foreclosure
The guidance below (and in the “How to Avoid Foreclosure” pamphlet) is applicable to homeowners with FHA Insured loans. While a good deal of this information may apply to all homeowners in danger of...
View ArticleHelp me… help you. Help me, help you.
All of your Credit Repair, Mortgage, & Stump the Experts (although ‘experts’ is debatable) are in the HELP CENTER. Read, learn, write, mail, negotiate, write, mail and Raise Your Credit Score!
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