Are Stated Income Loans Coming Back?

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Justin McHood

Are Stated Income Loans Coming Back?

by Justin McHood on July 6, 2010

If you are a successful small business entrepreneur in America, I can generally group you into one of two groups: You run a great business and are shrewd with your accounting... or You can qualify for a mortgage. You mean that you can't be a shrewd small business person and qualify for a mortgage? Generally speaking... that is exactly what I mean. During the big real estate and … [Read more...]

Short Selling Your House: Getting a Mortgage After Foreclosure

by Justin McHood on June 14, 2010

Many times, the difference between someone short selling their house and going through foreclosure comes down to one thing... Luck. Any number of things can happen that allow someone to short sell their home and avoid foreclosure - or on the other side, any number of things can happen that prevent someone from short selling their home and forcing their home to be foreclosed on. And in my … [Read more...]

Location Based Marketing: The Next Big Thing?

by Justin McHood on May 28, 2010

Is it time for you to pay attention to Foursquare? Maybe Probably. Right now, Foursquare has somewhere around a million users - and they are adding about 15,000 users per day. My own experience with Foursquare when someone became the mayor of my house - at 4am. And I just happened to be up and working in my office when it happened. Wait a minute, someone can be the mayor of … [Read more...]

Short Selling Your House: Walking Away?

by Justin McHood on May 18, 2010

When most people think of "walking away" from their home, many people just assume that the home will go into foreclosure. And plenty of times, it does. But not always. I have heard (and seen) many people make the independent decision where their home was worth significantly less than they owed -- who could afford to keep making the payments -- to hire a real estate agent and short sell … [Read more...]

Short Selling Your House: Do You Need A Lawyer?

by Justin McHood on April 19, 2010

One of the more common questions that people have asked me over the last year or two is "do you think I need a lawyer?" The question almost invariably arises when someone is considering a loan modification, short sale or foreclosure as something that will be in their future. And as usual, my answer mostly has been -- It depends. More than anything else -- in my opinion -- whether or not … [Read more...]