Short sales are all over the news these days, just behind the reports on the record number of foreclosures. And, a lot of homeowners are either severely under water on their mortgages - owing more than the home will sell for and do not have the funds to make up the difference - or are ...
Category Archives: Uncategorized
Atlanta FHA Loans A Little More Expensive
As of April 5 2010, the great financing that FHA offers became just a little more expensive. Still great financing, though, rest assured. The Up Front Mortgage Insurance premium, or Up Front MIP, is the part of FHA's Mortgage Insurance that is, in nearly every case, rolled into the loan amount. The other part of ...
USDA Funding Set to Expire
If you are in the market for a Georgia USDA Rural Housing home purchase, then you will want to act fast. Lenders just received this notice today: This message is to notify you that program funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by the end of April, 2010. Once funding is ...
FHA Mortgages and Short Sales
A couple days ago a "Mortgagee Letter" finally came out from HUD clarifying how they would look at Atlanta FHA loan applications where a previous short sale was involved. If the short sale was simply to take advantage of market conditions and get out of a house that was underwater, in order to purchase a similar ...
Big Changes Coming for Atlanta FHA Loans
This is a post first put here. I thought it so important for you to know that I have reposted it. Reports that FHA may be the next ’sub-prime’ implosion have been swirling for some time now. The reason is that an FHA loan ...
Buying a Bank Owned Property
This is a fun, just a little extreme...but not too far off the mark, either.
Atlanta’s On Sale!
I saw this post on Drudge this morning, one solitary post surrounded by a peppering of headlines about the World Bank running out of money and California being the first state to fail, etc. All the other posts could be pointing to the catalysts for inflation coming our way, as I have written about
Loans Serviced by Taylor, Bean & Whitaker: Your Loan Information
We, as you know, are a direct lender. We underwrite FHA and most other loans right in our office, and fund the new loans. But, we do not "service" loans, or keep the loan and collect the monthly payments from each borrower. We sell our loans to servicers. Why is this important? Because we have sold ...
Atlanta FHA Loan Highpoints
An FHA loan for a buyer around Atlanta, especially a first time home buyer, is one of the very best loans right now. That's because an FHA loan is one of the easiest to qualify for, covers all properties, and is not dependant on outside, third-party factors. FHA loans for Atlanta area buyers are easy to ...
Atlanta’s Million Dollar Mortgage Challenge
Teaming with some real estate professionals from around Atlanta, we are launching a big project: Atlanta's Million Dollar Mortgage Challenge. The goal - to help 125 first time home buyers into their first home by November 30, each receiving the $8000 ...