A Land Called Oz? Nope-A City Called Villa Park Where Real Estate …
The Insider Mortgage Blog-Site For Mortgage & Real Estate Consumers Get the truth about the home mortgage and real estate industries at the Mortgage Insider Blog-Site from “Insider” WatchDogs, Rob K. Blake & Terri Ewing …  read more…

refinance home mortgage: Home Mortgage Refinance Loan Costs
Other common fees include local taxes, notary services, attorney fees, inspection fees, mortgage insurance and escrow services. Some refinance loans are offered at no cost, though you may not pay anything up front, the lender typically …  read more…

OSU Website Help People in Financial Trouble | Eugene Loan Guy
Eugene and Springfield’s Source for Real Estate Mortgage Loan Information — a FHA/VA/USDA Loan Specialist. ABOUT THE BLOG. Please use this blog to find out about Real Estate Lending and Mortgages, Real Estate Listings from my Realtor …  read more…

From Google Blog Search

Most important and most over looked by Sales Letter!
Today’s real estate market may make it difficult to get the full value out of your home if you have to sell. One of your options is to sell “for sale by owner”. Selling FSBO is not difficult. The advi…  read more…

Teacher Mortgage Loans Explained
What is the Teacher Next Door program?
Basically, it’s an HUD (Housing and Urban Development) program that allows teachers to …  read more…

Now You Can Afford To Buy A Home
Perhaps you’re thinking of buying a home. Buying a house is a big step, but often a smart move.

A home is a financial asset and more: it’s a place to live and raise children; it’s a plan for …  read more…

From GoArticles.com

Powered by Revver

Baker & Jares: Euless company lets buyers work off down-payment (Fort Worth Star-Telegram)
Short on cash to buy a home, but ready to work? A Euless real estate company has a deal for you. Colby-Stanley Homes offers prospective buyers money off on their down payment in exchange for sweat equity, such as painting a home. One of these homes is the one-story 1950s house at 4908 Stephanie Drive in Haltom City. There are others advertised on the company’s Web site, www.housesEZ.com …  read more…

FHA needs to ramp up mortgage oversight, auditor says (Market Watch)
The Federal Housing Administration needs to beef up oversight of its mortgage programs, a task that is both increasingly difficult and important as the agency’s market share grows and its resources are stretched, according to Friday testimony by a government auditor.   read more…

Baker & Jares: Euless company lets buyers work off down-payment (Fort Worth Star-Telegram)
Colby-Stanley Homes resumes offering a sweat-equity option.  read more…

Powered by Yahoo! News

Resolved Question: Question about FHA process?
I’ve been approved for a FHA loan up to X amount, and we’ve found a decent little house asking for about 15% less than X. We’re going to look at it a second time in the morning, and are most definitely interested in purchase.

I’m confused about how things should proceed from here. I’m calling my loan adviser tomorrow, but I’m excited/nervous and would like to learn a little more about it tonight. Should I make an offer, or does an FHA inspector have to review the place first? I have basic knowledge of home inspection criteria and I’m fairly sure it will pass the FHA inspection guidelines. I’m worried that if this takes too long, someone else will come along and snatch up the house. The seller is a real estate broker who owns the property- he knows I’m seeking an FHA loan and seems okay with it, but I’d be quite disappointed if we lost the house over all this FHA stuff. I wonder if making an offer and taking part in an inspection-contingent contract would help me keep my foot in the door a little longer. Any advice?

  read more…

Resolved Question: OK. I’m looking at a 5 yr old Manufactured Home Double wide 1584sq ft. Foundation is Peirs, ?
The Foundation Meets and exceeds Michigan Code. So says the Local Building Inspector. I’m looking at an FHA loan. They go by HUD guidelines. HUD says, the blocking ontop of the Piers must be Mortared, it is NOT in this case. The House is straped down to the surround footing frost wall. Does anyone have any experience with FHA/HUD Foundation Guidelines, existing foundations, Not new, and will this pass inspection if the Cinder blocks between the concrete piers and chassis are not mortared? I am finding all kinds of different answers..

  read more…

Resolved Question: home inspections on a HUD home?
My husband and I recently signed a sales contract on our HUD home. The house has been vacant for about 7 or 8 months, and has been winterized. Hud did an inspection 2 months ago, and i was able to print out the inspection report. My sister works for a company that does HUD inspections and appraisals, and knows that the man who did the inspection on our house, is an FHA approved inspector, and so on and so on. I posted a question on here a while back asking if I even needed to get an inspection done, since we knew the people that previously lived there, and still talk to them. They let us know all of the problems that are going on. It’s mainly all cosmetics. Everybody made it perfectly clear that we should still get an inspection done. I’m curious as to why the bank we are getting our mortgage from is not requiring it? Is the one the HUD completed good enough for them? Also, if I choose to get the inspection, is that something that I can get the bank who our mortgage is through, to pay for, or at least write into our mortgage? The whole process confuses me. I just do not want to waste $500 right now, since we have a lot of cosmetic repairs we need to do on the house when we close. I also called around about having a plumber de winterize the house for us, and they are quoting us about 200 just to do that! Could somebody please explain the process of how I should go about doing this? I’m very nervous about turning on the utilities for the first time, since nobody has lived there for a while. Everybody is telling me that it is a good thing that the house was winterized. I guess I am paranoid of coming home to a flood after we get the water turned on!

  read more…

Powered by Yahoo! Answers

Recently Being Discussed on FriendFeed