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
RPOA Annual Conference & Expo
I wanted to share this info with you. If your a Real Estate Agent, Landlord, or even thinking of buying a rental property this would be a great place to go and learn! Realtors buy the way you can pick up some free con ed, in fact anyone who signs up prior to 2/1/2012 will... Read More
Latest Blog Post
FHA WELL AND SEPTIC DISTANCE WAIVER
FHA WELL AND SEPTIC DISTANCE WAIVER: HOW TO SAVE YOUR RURAL KALAMAZOO PURCHASE FROM CRASHING!
Did you find a scenic home on an acre in Texas Township, Schoolcraft, or Oshtemo, get under contract with an FHA pre-approval, and suddenly watch the underwriter threaten to deny your loan over a tape measure?
Yesterday, a panicked real estate agent called my office from Portage. Their buyer was under contract on an updated ranch situated on a quiet wooded lot in Texas Township.
The transaction was cruising smoothly toward closing until the appraiser submitted the site sketch.
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