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Completed Repairs

2014 Dollar Amount Of Repairs Completed:  $179,425.10 It seems that now days appraiser required repairs are almost the norm.  Looking back at the loans my team closed in 2014 over 33% had one repair or another required by the appraiser that couldn't be completed prior to closing.  There is a misnomer out there that conventional... Read More

Homepath Financing Elimination

Fannie Mae has announced the discountinuance of special financing options for properties listed for sale at www.homepath.com.  More specifically the homepath financing and homepath renovation financing products for both home buyers and investors.  In order to take advantage of these programs with the current enhancements there must be a fully executed purchase contract dated on or... Read More

Title Problems With Tax Auction Properties

When it comes to tax foreclosures real estate investor can find some great buys.  However often investors go in blind and don't find out about a major pitfall with tax sales until they go to resell the home.  In a previous post we did about the tax auction we explain the basic process of how to acquire... Read More

Interview with MichiganHomes.com – Mortgage Options

Jeremy recently did a short interview with MichiganHomes.com who was looking for some expert advice on borrowers mortgage options. Read the full interview here Some of the questions he answered were: What would you recommend as the first steps that someone who wants to buy a house should take to secure a mortgage? What is one... Read More

Overbidding on HUD REOs

Looking to buy a HUD home?  FHA recently changed the program around to make it easier for buyers to purchase properties and renovate them.  Now buyers can overbid on HUD homes, obtain FHA renovation financing (203K), and they don't have to bring in the difference! Heres the deal.  For properties that are FHA foreclosures (you... Read More

Repair Escrows

So how exactly does the repair escrow work? Well that's a great question!  Let's go thru this step by step.  We offer repair escrows with any loan program:  FHA, VA, RD, & Conventional. Repair escrows give the buyer the ability to have the work done after closing. Here’s how it works: Appraisal is completed and... Read More

Qualified Mortgage – QM

You may have heard some of the buzz in the news about a qualifed mortgage rule rolling out in the begining of January.  I want to try and dispell some of the rumors because the media as always makes this sound like a big deal.  The fact is Lenders are already doing this and its... Read More

Another Happy Customer

Meet the Eckerts, closed a loan for them a few months back.  After lots of hard work on their part they were finaly able to make their dreams come true.  Here's their story:... Read More

RD Update: Government Shutdown

UPDATE FROM BELOW INFO: RD is issuing conditional commitments "subject to funding" We ARE Currently Closing and Funding RD Loans! I want to update you on the status of RD lending with the government coming back on line last night. Rural Development has sent out a couple different notices here is a brief summary: They... Read More

Government Shutdown: Whats the big deal?

Yeah the shutdown is a big deal for a lot of people and their families, but the houseing market certinaly hasnt come to a screaching hault.  I was headed into work today listening to the radio and all the news about the government shutdown.  We all knew it was possible and by the end of... Read More

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June Lunch and Learn: Deals with Reels

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In today’s fast-paced digital world, social media, and especially Reels, have become a powerhouse for connecting with potential clients and generating real estate leads. Are you leveraging this dynamic tool to its full potential?

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