Are you thinking to yourself “Can I buy a home after my foreclosure?” It is not impossible to buy a home after a devastating financial event. In fact, people who have cleaned up their credit and are financially sound and qualified to get a mortgage can buy a home as soon as they have surpassed a prescribed waiting period after the bankruptcy, foreclosure or short sale
Fannie Mae has decided to drop the hammer a bit on homeowners that are ‘strategically defaulting’ on their home loans. This is not very surprising actually with people walking away from their home at a record pace. The word from Fannie Mae is that you will be BARRED from obtaining a Fannie Mae backed loan [...]
Yesterday I put out a call on CraigsList for any hard money lenders in the area to contact me. I have a client that is needing to get a piece of property locked up and conventional financing is not going to work for them. Much to my amusement, my inbox this morning was littered with [...]
Fannie Mae has announced a temporary hold on evictions and foreclosures pending announcement of a Federal national foreclosure prevention and loan modification program.
I have to thank Rhonda over at Rain City Guide for breaking this news to me. It looks like on Friday, Fannie Mae revised its rules and now will allow borrowers to have from 5 to 10 homes depending of course on their criteria. As per the quote over on Rain City Guide: Multiple Mortgages [...]
You can help take care of the dogs seized in the puppy mill raids by refinancing your home loan. I will donate $100 for every home loan I refinance!
The wind is blowing, the ice is melting from the roads around Lynnwood, the holidays are wrapping up and a new year is looming in front of us. Why not take a little bit of time to treat yourself to a lower house payment? Like most places across the country, home mortgage rates in Snohomish [...]
Ok…..so we’ve dumped billions of dollars into the bank in hopes of stimulating the economy and have now promised to buy up bank stocks in order create stability. I thought this was supposed to make the banks willing to lend more money? Anyone else confused as to why there has been a sudden major increase [...]
Believe it or not, the answer is yes. However, it is not quite as obvious as before. Gone are the days of 80/20 loans, 100% stated loans, or reduced documentation loans. We are now back in the realm of Government subsidized loans. FHA loans are making a strong come back and along with them are [...]
In the weekend edition of the Wall Street Journal was the article All Credit Scores Aren’t the Same which discussed how there is no consistency among the credit reporting bureaus at how they score consumers credit. Most people assume you actually have only one credit score, and that is absolutely untrue! There are actually three [...]
© Jacquie Cliff – Professional Seattle Area Real Estate Broker with Champions Real Estate Services
