
Your FHA Loan Pro Have any of my Realtor fans participated in some of the webinars today? Awesome content and some GREAT suggestions on how you can do more business in 2010. Did you miss it? Let me know and I'll be happy to share some of my notes.
Real Estate:2,580 fans

Your FHA Loan Pro OK folks the clock is ticking. You already know it's likely too late to try to get a short sale contract approved in time to qualify for the Tax Credit, but even a Bank Owned foreclosure can take a few weeks to negotiate and complete the inspections. Start shopping now if you haven't or you will lose opportunities!

Your FHA Loan Pro Happy New Years Eve! That means there are 121 calendar days left to get your contract and still qualify for the Homebuyers Tax Credit. If you plan on collecting on the Tax Credit and haven't started shopping for your home, this weekend is a great time to start!
www.examiner.com
As we wind down 2009 we can look back at what was a rough year in Real Estate. That is unless you were one of the buyers the got a great deal on a new home and collected on the Tax Credit too. Many first ...

Your FHA Loan Pro Proof positive (pun intended) that there are two ways to look at the glass half full. Will 2010 be and economic recovery year? This economist sure thinks so.
money.cnn.com
First Trust's Brian Wesbury sees strong improvement in economy, jobs and housing just around the corner, even if he believes Obama is wrong about almost everything.

Your FHA Loan Pro Time will tell how many homeowners are helped by this; but anything that can result in fewer foreclosures is good news!
Florida Supreme Court orders uniform foreclosure mediation for homeowners statewide -- OrlandoSentin
www.orlandosentinel.com
TALLAHASSEE — Facing one of the worst foreclosure crises in the nation, Florida Supreme Court Chief Justice Peggy Quince ordered judges statewide Monday to starting sending foreclosure cases to a ...

Your FHA Loan Pro This article is a great example of why we should question the press. Almost every suggestion in this "how to buy a home" primer is WAY wrong! Most importantly- do find a Realtor you are comfortable with early on and GET PRE-APPROVED for how much you can spend! (Can you believe these idiots didn't even mention that!)
realestate.msn.com
Before you open your pocketbook to buy a new home, you’ll need to prepare for battle. Here are 8 common misconceptions about negotiating the best price and the lessons you need to learn about each to protect your bank account.

Your FHA Loan Pro BTW- mortgage rates have opened up at levels not seen since late August. Rates have been rising and will likely continue to do so now that the Fed has slowed their buying of mortgage backed securities.

Your FHA Loan Pro If you or someone you know is considering a mortgage loan modification, please read the article below. Seems it may hurt more than it helps...
www.examiner.com
In another blow to Obama’s HAMP mortgage loan modification program it has come to light that these modifications can damage the borrower’s credit score. This had previously not been reported to many homeowners’ seeking relief through the program.

Your FHA Loan Pro There is still time contract for new construction and qualify for the Tax Credit deadline. Since you would be under contract you could close as late as June 30th and still make it, but time is running out real soon.

Your FHA Loan Pro Merry Christmas to all and remember- only 128 calendar days left to be in contract and still qualify for the Tax Credit. You could have as much as $8,000 at stake- $6,500 if you are a previous homeowner. Call for details but start shopping for a new home right away!

Your FHA Loan Pro Mortgage rates have no intention of delivering any Christmas presents. Rates are on an upward tear. Lock 'em if you got 'em!

Your FHA Loan Pro do you know about the new disclosures we will be using as of January 1st? Here is a sampling of what you need to know.
www.examiner.com
Beginning January 1st the new and improved Good Faith Estimate (GFE) will be required for all mortgages. What does this mean to you the consumer? It means you will be confused like never before.

Your FHA Loan Pro Get the scoop on some of the changes FHA announced last night, effective immediately. Look for other loan programs to follow suit as well.
www.examiner.com
Last night FHA announced new guidelines regarding home buyers that have had a short sale. If the short sale involved their primary residence and they are trying to take advantage of the declining market ...

Your FHA Loan Pro Even more changes for FHA announced last night. If you or your customer is planning to short sell a home and by another with an FHA loan, you better talk to me soon! This change is effective immediately.

Your FHA Loan Pro Do you know about the changes planned for FHA loans? Here's a hint- they are not making them any easier to get!
www.examiner.com
HUD Secretary Donovan testified before the House committee on Financial Services last week. Much of what he had to say concerned the fact that the FHA program is NOT going broke as many have claimed. He says unless things get decidedly worse, FHA will not need a government bailout.










