You read my last post about buying a foreclosure and the problems and solutions to getting it done, including being pre-approved to purchase the home through a knowledgeable and trustworthy lender. That is a great first step, finding out what you can and can’t afford to buy. Too many first time home buyers try to get the cart before the horse and start looking at homes before they know what they can afford, a very important first step. Now, for step two, let’s talk about an equally important second step, finding the right Realtor®.
If you are looking to find a great deal in the Boise real estate world, you would most likely look at buying a Boise foreclosure, Boise short sale or a Boise bank owned property. One of the problems with bank owned properties and foreclosures is that many of them need a little TLC such as new carpeting, [...]
Delinquency on your mortgage is a serious business. There are counselors available through several sources to help you if you are in trouble. Don’t lose your home because you were unwilling to ask for help. There are numerous agencies that are available to help home owners with their finances. If you can’t find someone locally, call the number for HUD. There are times that even tough people need help. There are positive ways to make it through tough times.
There are some really great people here that
WHAT IS AN FHA SHORT REFINANCE? An FHA Short Refinance is when a home owner refinances a loan where they owe more on their mortgage than their current mortgage is worth. FHA Short Refinance applicants are upside down on their equity, and so they need an FHA Short Refinance. The only way to refinance the [...]
During an economic downturn, especially involving real estate, there is almost always someone around to take advantage of homeowners. Now, with an increase of foreclosures, we have a number of foreclosure scams starting or continuing to operate. Homeowners facing foreclosure should beware of foreclosure scams. Scammers can cause the homeowner to lose both the home [...]
It is truly amazing right now the number of homeowners who are upside down on their mortgages and could benefit from an FHA Short Refinance, if only they knew it existed. Every day I get calls from homeowners who owe $30,000 to well over $200,000 more than what their property is worth (this is one [...]
FHA 203(k) Streamline is not what you expect when you hear 203(k). It is not the cumbersome program of old that required a consultant, nor does it require a general contractor. There are limits as to what can be done with the program, but overall, it is great for those “fixer-uppers” that need some cosmetic [...]
It is not a secret that most lenders who hold the notes on Las Vegas properties are not cooperating with short refinance requests. For some reason, these large banks would rather force a homeowner into foreclosure, sit on the property for 12 months, pay for maintenance, and then sell it at an even lower price [...]
*This is not an offer to lend. 
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