I Hate To Say I TOLD You So!

I hate to tell everyone I told them so, but I posted a blog similar to this GREAT article a while back. I cannot stress to you enough how important it is to work with an FHA Lender in Texas that UNDERSTANDS and foresees these types of things! Read on.

Addressing Continued Concerns About the FHA

by [...]

5 Buyer Mistakes in a Short Sale

Get Pre-Approved for a Houston Mortgage
By Lora Shinn
With hundreds of thousands of homes in foreclosure or on short sale lists, there’s never been a better time to score a sweet deal. But discount-priced foreclosures and short sales can come with a raft of expensive problems.
Just ask Adam Melson of Philadelphia. Melson had looked at more [...]

Revised Land Contract Guidelines

A quick Friday fact from your Texas FHA Refinance Lender

DID YOU KNOW?

If a borrower will use the loan to complete payment on a land contract, contract for deed, or other similar type financing arrangement in which the borrower does not have title to the property, the new mortgage may be processed as either a purchase [...]

7 Steps to a Great Foreclosure Buy

Reposted by the best Houston Mortgage Lender

By Tracey C. Velt • Bankrate.com

Foreclosure. It seems half the country is in it and the other half is trying to make a killing on it.

The number of foreclosed homes staggers the imagination and with more adjustable-rate loans about to reset, the end is nowhere in sight. The [...]

New FHA Mortgagee Letter 2009-45

New FHA Mortgagee Letter:

October 27, 2009

MORTGAGEE LETTER 2009-45

TO: ALL FHA-APPROVED MORTGAGEES, ALL HUD-APPROVED HOUSING COUNSELING AGENCIES

ATTENTION: Single Family Servicing Managers

SUBJECT: Introduction of HUD’s Web-Based Training Application: Electronic Class (EClass) on Loss Mitigation and Servicing System

The purpose of this Mortgagee Letter is to announce that the Department’s on-line, web-based training application, EClass, is now available. The [...]

Checking if a property is USDA Eligible

I just wanted to send out a quick note to advise everyone (Realtors, Buyers, Sellers) that when looking to go USDA, it is ALWAYS best to check with us at Texas Mortgage Lender to look up the address for you.

Sometimes even though the property might not be in an eligible county, by having a specific [...]

Existing Homes Sales Benefit from Tax Credit

by Adam Quinones

The National Association of Realtors released Existing Home Sales data this morning.

Think about the materials that go into building and maintaining a home….WOOD, STEEL, PLASTICS, WIRING, PIPING, CONCRETE, GLASS, ELECTRICITY, FURNITURE, CARPETING ,ELECTRONICS, APPLIANCES….LABOR.

How about [...]

How Bad Are Your Credit Card Mistakes

by Erin Peterson
Wednesday, October 21, 2009

provided by

Grade yours on a 10-point scale.

Nobody’s perfect. When it comes to our financial lives, we’ve all done things we later regretted — whether it’s getting slapped with a $3 fee for using an out-of-network ATM or going on a Las Vegas bender and losing the house on an [...]

New, Stricter FHA Condominium Lending Guidelines Coming Nov. 2: First Time Buyers Affected

Via Richard Vetstein (Vetstein Law Group, P.C.)

Originally posted on the Massachusetts Real Estate Law Blog

Breaking News: The FHA Has Delayed Implementation Of New Rules Until November 2, 2009 To Coincide With Expiration of First Time Home Buyer $8,000 Tax Credit

Under revised guidelines which were to be effective October 1, 2009 but now delayed until November [...]

Bank of America loses $2.24B as loan losses rise

ARE YOU FRIKKIN’ KIDDING ME????????

They’re the damn guys that took all of our money and bought out troubled Countrywide and Merrill Lynch! I mean honestly folks- HOW IN THE HELL DO YOU GET BILLIONS OF DOLLARS FROM THE GOVERNMENT and STILL lose money????

Since the Countrywide acquisition, I personally withdrew all my money from B of [...]