April 2009

You are browsing the archive for April 2009.

Renting Foreclosed Homes

Renting Foreclosed Homes

Renters don’t be affraid if the property your living in is foreclosing. Fannie Mae has a new renters policy in effect, which will help those renters.
Fannie Mae’s National REO Rental Policy
This policy provides the opportunity for qualified renters to stay in Fannie Mae-owned foreclosed properties. The policy extends to those in apartments, single-family homes, two-to-four unit [...]

BPO’s leading to REO’s

Lets face it, you have something the REO companies want: Your knowledge of the market. Every BPO (Broker’s Price Opinion) you complete is an opportunity to show them your market knowledge. The REO company knows very little (or nothing) about your local market conditions, let alone the condition of the house. They [...]

Your Credit Score

Your Credit Score

Inquiries on your credit are one of the most misunderstood factors of the credit scoring. An inquiry on your score count for 10% of your overall score. An inquiry is a check on your credit. There are two types of inquiries, soft and hard.
A soft inquiry is one that does not hurt your [...]

FHA Approved Condo – Search Tool

When purchasing a property with an FHA loan, you need to make sure the FHA will approve that property. Specially when you purchase a condominium. The Condominium complex has to be approved by FHA, to get the loan through them.
Below you will find a search tool that will help you, when searching for a specific FHA [...]

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