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  • Appraisals and You: An Interview with Vicki Brennan

    A huge change in the real estate market has been caused by the changes in the appraisal process and home valuation. More often than not, appraisals are coming in lower than the sale prices, which cause enormous friction between buyers and sellers. This ca...
  • Bonus Income and the New Mortgage

    For those that still get bonuses and will receive one in 2009, congratulations! For those lucky few that also plan to purchase a home or get a mortgage in 2010, you can still use your bonus as stable income to qualify for a loan. The guidelines and docume...
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    The FHA ...
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  • The New Good Faith Estimate: Important Dates to Know

    There is a new form out there which is making lenders crazy and will certainly make potential mortgage borrowers crazy too! Government regulation revised a mortgage document called the Good Faith Estimate (GFE), required on all new mortgage application...
  • HUD Changes the Mortgage Pre-Approval

    In the wake of the housing crisis, HUD passed many new regulations over this past year. Most recently, they have revised the Good Faith Estimate (GFE) to include 3 pages of information for potential borrowers even before they step in the door (of the len...
  • Foreclosure Homes For Sale

    I read an article in yesterday’s paper about bus tours for houses in foreclosure going on around the country. Odd thing- sort of like the dead actor tours in Hollywood or Da Vinci Code Tours in Rome. Alas, someone will always try to make a buck off othe...
  • Homebuyer Tax Credit and You in 2010

    Over the New Year‘s holiday weekend, much of the housing commentary was about when and if the recovery will happen. What factors will help and what will deter this recovery is yet to be seen. A few guesses will be employment, interest rates and availabi...

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