Are Stated Income Loans Coming Back?

by on July 6, 2010
Stated Income Comeback

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 on June 14, 2010
money-macro-sm

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...]

Stupid Things Banks Say. No Seriously!

by on April 14, 2010

For the past couple of weeks, I’ve been collecting honest to goodness real live quotes from banks – mostly in regard to short sales. You can’t make this stuff up folks… From Chase, who holds the second mortgage on a short sale listing we have: "Aurora (the first mortgage holder) is offering us $4K. We will only accept $9K. You should tell the buyer to come up with the … [Read more...]

FHA Changes: It Could Have Been Worse?

by on January 21, 2010
fha changes

For at least a couple of months, I have heard rumblings about changes that were going to be coming to the FHA program that were going to be "scary" and were going to make it "much harder" for people to qualify for an FHA loan. Earlier this week, HUD issued a press release detailing a few of the upcoming changes to the FHA program - and while it is true that in the future it will make it more … [Read more...]

A Simple Rule of Thumb Could Save You Thousands On Your Mortgage

by on December 27, 2009
rule of thumb

One of the great things about spending at least a little time each week at Gangplank is that when I am there I am surrounded by people who are not in the mortgage business. And since I play a loan officer mortgage originator on Twitter, to many of the geeks at Gangplank I am that guy they can bounce individual mortgage questions off of. I ask them geeky questions, they ask me mortgage … [Read more...]

The ARMLS logo indicates a property listed by a real estate brokerage other than Thompson's Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Copyright 2012 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Data last updated 5/16/12 2:49 PM PDT.

This IDX solution is (c) Diverse Solutions 2012.