Lender Panel Discussion – Follow Up
This event was held at The Greater Kalamazoo Association of Realtors on May 21st, 2015
Moderator: Jeremy Drobeck, Amerifirst Home Mortgage
Panelists:
- John Denny, Northpointe Bank
- Scott Cowherd, Kalamazoo Mortgage
- Steven Woloszyk, PrimeLending, A PlainsCapital Company
Attendees learned about underwriting concerns, tools & tips for credit integrated disclosures coming Aug. 1st, red flag items, and much more.
Coordinated by the GKAR Education Committee
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Buying and Financing HUD Homes
Simply Put We LOVE Financing HUD Homes!
HUD homes are foreclosed homes. They are homes that the previous owner took out a FHA loan and were subsequently foreclosed on. HUD/FHA then takes those homes and resells them. Not only are HUD homes listed for sale on the local MLS but they are also listed for sale at hudhomestore.com. While many real estate agents and lenders run from them, we run to them! Yes, it is true, HUD homes can pose there own set of challenges when it comes to trying to finance one, but they also have there own set of unique financing options. The following is a presentation on HUD homes. We dive into the nitty gritty. We cover problems that come up and the ways to solve those problems. If you are a buyer looking to finance a HUD home you can apply here. Realtors with questions feel free to call Jeremy at (269) 488-9494.
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