Seller May Cancel Sale Due to FHA Mortgage Requirement
Q: Can a seller cancel our purchase agreement? Our lender just informed us that FHA will not let us close on a house that closed escrow less than 90 days ago. That’s when our seller bought the home. We...
View ArticleTake Quick Action To Avoid Mortgage Crisis
Q: I am at my wit’s end. My adjustable rate mortgage (ARM) has reset and my mortgage has increased by $400. I also have a second mortgage and am unable to pay what I owe on my student loans each month....
View ArticleMortgage Payment Troubles? Take Foreclosure Questions To Lender, Experts
If you’re having trouble making your mortgage payments each month, the possibility of the lender foreclosing on your home might have crossed your mind. Do you have questions about the foreclosure...
View ArticleIlyce Glink on WSB Radio – August 3, 2008
Today on the Ilyce Glink Show, Ilyce talked about 1031 exchanges and what questions you should ask when choosing a 1031 exchange intermediary. She also talked about credit freezes and Georgia’s new...
View Article$700 Billion? Are You Serious?
The email was sent out from Treasury at 7:03pm last night. Treasury Secretary Henry Paulson is asking for $700 billion to bail out the bad mortgages still being held by world financial markets. $700...
View ArticleIf You’re Behind On Your Mortgage Call These Numbers
Although there is some concern about why the Hope Now hotline hasn’t helped more people, if you’re in trouble with your loan, or about to be in trouble, you should call (888) 995 HOPE, which is the...
View ArticleExpert Real Estate Tips: What Is A HUD-1 Form?
What is a HUD-1 Form in real estate? The HUD-1 Form is a record of all money spent during the purchase of a home. Appraisals and other services are listed on the HUD-1 Form and many are tax deductible...
View ArticleHUD Bidding Process: How Does the HUD Bidding Process Work?
Q: My question is about HUD foreclosure homes. I have been watching the HUD listings in my town. Recently, a property that had been previously listed for $59,000 was foreclosed on by HUD and relisted...
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Allied Home Mortgage, Whistleblowers and the Future of the Mortgage Industry
Last week, a federal jury in Texas imposed a nearly $93 million penalty against Allied Home Mortgage Capital Corp. and Allied Home Mortgage Corp. (now known as AllQuest Home Mortgage Corp.) and CEO Jim...
View ArticleWho Qualifies for Subsidized Housing?
Who qualifies for subsidized housing? A new study looks at the backgrounds of the 9.4 million people living in HUD federally subsidized housing programs. Ponder this: There are 9.4 million people...
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