I just wanted to report back about the florida lien problem we had doing a short sale. It is now ALL CLEARED UP!!! The lien can be removed from florida property if it is homeseteaded and you write a lien removal letter in florida. I even have a link to the florida leine removal letter.
Ths will help the short sale when the judgment is clouding title. The florida liens are all gone and now the homeowenr can avoid foreclosure in peace.
Remove florida liens from homestead property today!
Monday, May 26, 2008
Thursday, May 15, 2008
Your FHA Mortgage FICO Score is LOW!
I was reading something about the lowest possible credit score for FHA and it made me wonder just how low of a FICO score you can have and get an FHA loan? The bankruptcy or foreclosure may lower your fha fico score some and how low can the fico go?
You can learn about fha and credit scores here and there are many other places for mortgage lenders to check your Equifax Beacon. If the Trans Union score is low, then you know where to go. Hey thats a credit score rhyme!
Try not to have a low credit score for FHA.
You can learn about fha and credit scores here and there are many other places for mortgage lenders to check your Equifax Beacon. If the Trans Union score is low, then you know where to go. Hey thats a credit score rhyme!
Try not to have a low credit score for FHA.
Tuesday, April 29, 2008
FHA secure in florida can help you refinance
How do you refinance a mortgage in florida that is upside down? Simple. You refinance with the fha secure when the second mortgage subordinates to the fha refinance of the first mortgage.
That is easier for me to say than for the average person to get accomplished. The florida loan officer is able to assist with the fha refanance of an adjustable rate mortgage and ytou may be able to get an fha secure. It is definitely something to look into. The florida fhasecure that is.
Lender in florida for fhasecure.
That is easier for me to say than for the average person to get accomplished. The florida loan officer is able to assist with the fha refanance of an adjustable rate mortgage and ytou may be able to get an fha secure. It is definitely something to look into. The florida fhasecure that is.
Lender in florida for fhasecure.
Tuesday, April 22, 2008
Your FHA Gift & Grant Awaits
Someone said they were giving away FHA Gift or FHA grnt money. Who wants to check out the fha gift today? Don't forget to explore your fha grant possibilities.
These are fha gifts and fha grants.
FLORIDA GIFT PROGRAM FHA
These are fha gifts and fha grants.
FLORIDA GIFT PROGRAM FHA
Sunday, April 20, 2008
Questions about FHA Partial Claim
There was a question about the FHA partial claim on another HUD partial claim questions blog and it was the following:
Question 1: A Loan Modification was completed; the mortgagor then defaults again and has different circumstances; it's been less than 12 months since the Loan Modification was completed; can the mortgagee consider a Partial Claim?
I'll post teh answer to this fha partial claim question in a second. The FHA partial claim information is vital to all fha loan borrrowers to understand how to avoid forelcosure with the fha mortgage loan. Now here is teh answer to the fha partial claim answer or rather the fha partial claim question posted above.
Answer: Yes, if the mortgagor meets the qualifying criteria for usage, the mortgagee can consider using a Partial Claim to assist the mortgagor in avoiding foreclosure. The mortgagee should ensure there is a valid documented reason for the default that meets the criteria reflected in Mortgagee Letter 2003-19, page 6, Paragraph N, Limitations on Use. It is up to the mortgagee to fully document the servicing file with the reason a Partial Claim is needed.
This should help you to understand that fha has a partial claim program and it can indeed assist an fha borrower to avoid foreclosure. I hope this information has helped some fha loan borrowers to avoid foreclosure with the fha mortgage lending program sponsored by HUD.
This is more than the florida foreclosure refinance loan or short sales have to do with other areas in florida with short selling. Take a look at the forbearance plan that was offered to avoid foreclosure last week. You can't explain the fha secure loan in that way yet.
SECRETS OF FHA PARTIAL CLAIMS
Question 1: A Loan Modification was completed; the mortgagor then defaults again and has different circumstances; it's been less than 12 months since the Loan Modification was completed; can the mortgagee consider a Partial Claim?
I'll post teh answer to this fha partial claim question in a second. The FHA partial claim information is vital to all fha loan borrrowers to understand how to avoid forelcosure with the fha mortgage loan. Now here is teh answer to the fha partial claim answer or rather the fha partial claim question posted above.
Answer: Yes, if the mortgagor meets the qualifying criteria for usage, the mortgagee can consider using a Partial Claim to assist the mortgagor in avoiding foreclosure. The mortgagee should ensure there is a valid documented reason for the default that meets the criteria reflected in Mortgagee Letter 2003-19, page 6, Paragraph N, Limitations on Use. It is up to the mortgagee to fully document the servicing file with the reason a Partial Claim is needed.
This should help you to understand that fha has a partial claim program and it can indeed assist an fha borrower to avoid foreclosure. I hope this information has helped some fha loan borrowers to avoid foreclosure with the fha mortgage lending program sponsored by HUD.
This is more than the florida foreclosure refinance loan or short sales have to do with other areas in florida with short selling. Take a look at the forbearance plan that was offered to avoid foreclosure last week. You can't explain the fha secure loan in that way yet.
SECRETS OF FHA PARTIAL CLAIMS
Thursday, April 17, 2008
FHASecure Song
Just sit right back and you'll hear a tale, A tale of a fateful FHASecure That started from this tropic port Aboard this tiny FHASecure.
The mate was a mighty FHASecure man, The mortgage brave and sure. Five refinancers set sail that day For a three hour foreclosure, a three hour foreclosure.
The adjustable rate started getting rough, The tiny FHASecure was tossed, If not for the courage of the FHA The mortgage would be lost, the FHA mortgage would be lost.
The FHASecure set ground on the shore of this uncharted title company With FHASecure The FHA too, The mortgage broker and his wife, The Department of HUD The appraiser and Mary FHA Ann, Here on FHASecures Isle.
So this is the talel of the bankruptcy, They're here for a long, long time, They'll have to make the best of things, It's an uphill climb.
The first FHA and the APR too, Will do their very best, To make the others comfortable, In the adjustable interest rate mess.
No phone, no lights no motor cars, Not a single luxury, Like fixed rate mortgage loans, As primative as can be.
So join us here each week my freinds, You're sure to get a smile, From seven stranded FHAs, Here on "FHASecure's Isle."
The mate was a mighty FHASecure man, The mortgage brave and sure. Five refinancers set sail that day For a three hour foreclosure, a three hour foreclosure.
The adjustable rate started getting rough, The tiny FHASecure was tossed, If not for the courage of the FHA The mortgage would be lost, the FHA mortgage would be lost.
The FHASecure set ground on the shore of this uncharted title company With FHASecure The FHA too, The mortgage broker and his wife, The Department of HUD The appraiser and Mary FHA Ann, Here on FHASecures Isle.
So this is the talel of the bankruptcy, They're here for a long, long time, They'll have to make the best of things, It's an uphill climb.
The first FHA and the APR too, Will do their very best, To make the others comfortable, In the adjustable interest rate mess.
No phone, no lights no motor cars, Not a single luxury, Like fixed rate mortgage loans, As primative as can be.
So join us here each week my freinds, You're sure to get a smile, From seven stranded FHAs, Here on "FHASecure's Isle."
Tuesday, April 15, 2008
Searching FHA CLTV and LTV Guidelines
This is interesting to search for the CLTV guidleines for FHA and if you find the FHA LTV for a second mortgage then stop and wonder about it. Is the FHA limit the highest or is the FHA CLTV limit higher with a second mortgage subordinating?
Subordinate a second mortgage with an FHA loan.
Run the FHA LTV calculation with a subordination agreement.
CLTV = 100% with or without the FHA subordinating second mortgage.
I am confused as to the FHA CLTV limitations with second mortgages.
Does FHA offer a subordination agreement class?
Subordinate a second mortgage with an FHA loan.
Run the FHA LTV calculation with a subordination agreement.
CLTV = 100% with or without the FHA subordinating second mortgage.
I am confused as to the FHA CLTV limitations with second mortgages.
Does FHA offer a subordination agreement class?
Subscribe to:
Posts (Atom)
