House
Episode 15 – Home Loan Approval, Cooling Off Periods, Making an Offer on a House
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How to Buy a House : House Loan Approval Tips
Learn how to get approved for a home loan when buying a home in this free online guide to buying a home.Expert: Dan Kelley Contact: kelleywhiteteam.yourkwagent.com Bio: Direct from HGTV, Dan Kelley has been selling real estate in the Miami area for many years. Filmmaker: Paul Muller
How To Stop Foreclosure & Avoid Foreclosure- Loan Modification & Short Sales: Fast Foreclosure Help
http://www.SaveMeFromForeclosure.com is the nations leading foreclosure prevention expert. If you are a homeowner in default we can help you stop foreclosure and refrain foreclosure on your mortgage and your home and house. You Have Options & We Can Help is our slogan, and you can get free foreclosure help. We can help you stop foreclosure and save or keep your home, or we can help you refrain foreclosure and sell your home fast.
If you are behind on your mortgage payment & want to save your home from foreclosure & keep it to refrain foreclosure, http://www.SaveMeFromForeclosure.com will recommend an attorney backed loan modification. A loan modification is a great way to stop foreclosure. It can help you reduce your interest rate, the principal equilibrise on your loan, or sometimes even both.
To see if you remember for a loan modification and to get a free, no-risk, no-obligation analysis of your mortgage situation, visit http://www.savemefromforeclosure.com/questionnaire.php or call us toll free at 1-888-472-8380 so we can help you stop foreclosure fast and you can refrain home mortgage foreclosure.
If you are behind on your mortgage payment & you want to sell your home fast, even if you have no equity, or you owe more than your home is worth and need help with a short sale, http://www.SaveMeFromForeclosure.com can you help you. We can help find a buyer for your home, or negotiate a short understanding with your lender so you can sell your home fast without having to bring any cash to closing.
To get started with a free, no-risk, no-obligation analysis of your mortgage situation if you need to sell your home fast, visit http://www.savemefromforeclosure.com/questionnaire.php or call us toll free at 1-888-472-8380. We can help you refrain bankruptcy & we can help you stop foreclosure fast so you can refrain home mortgage foreclosure.
Duration : 0:1:19
Mortgage Crisis – Who is Responsible
I blame our government for this mortgage crisis, that means Democrats, Republicans, and Independents.
Although lately I’m getting pretty tied of the Democrats blaming the Republicans demand of regulation, when it was the Democrats that blocked “Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190″;
http://www.govtrack.us/congress/bill.xpd?bill=s109-190
a bill that would have put much needed regulations on Fannie Mae and Freddie Mac. Each single Democrat voted against it in Committee, and threatened it with a filibuster if it were to be brought to the Senate floor for a full vote by the Senate.
Now we need John McCain to wake up and expose these Democrats for what they are. He needs to in his own words:
“Fight for whats right for our country.
Fight for the ideals and character of a free people.
Fight for our childrens future.
Fight for justice and opportunity for all.
Stand up to defend our country from its enemies.
Stand up for apiece other; for beautiful, blessed, bountiful America.
Stand up, stand up, stand up and fight. Nothing is inevitable here. Were Americans, and we never give up. We never quit. We never hide from history. We make history.”
Come on McCain, get with it!
Now here’s part of an article I read.
The truth about the Mortgage meltdown. It is a Democratic debacle!
In 1999, liberals were bragging about extending affirmative action to the financial sector. Los Angeles Times reporter Ron Brownstein hailed the Clinton administration’s affirmative action lending policies as one of the “hidden success stories” of the Clinton administration, saying that “black and Latino homeownership has surged to the highest level ever recorded.”
Meanwhile, economists were screaming from the rooftops that the Democrats were forcing mortgage lenders to issue loans that would change the moment the housing market slowed and deadbeat borrowers couldn’t get out of their loans by selling their houses.
Rep. Barney Frank denounced Mankiw, saying he had no “concern about housing.” How dare you oppose suicidal loans to people who can’t repay them! The New York Times reported that Fannie Mae and Freddie Mac were “under heavy assault by the Republicans,” but these entities still had “important political allies” in the Democrats.
Now, at a cost of hundreds of billions of dollars, middle-class taxpayers are going to be forced to bail out the Democrats’ two most important constituent groups: rich Wall Street bankers and welfare recipients.
Political correctness had already ruined education, sports, science and entertainment. But it took a Democratic president with a Democratic congress for political correctness to wreck the financial industry.
Duration : 0:9:53
First Time Home Buyer Tax Credit, FHA Loans, Low Mortgage Interest Rate Program
Tax Credit for First Time Home Buyer Program, with Low Down Payment and Interest Rates thru Government Loan Assistance and FHA Mortgage. Purchase Cheap Bank Foreclosures. Go To http://RealEstateMarketingThisWeek.com
Part 7 (Excerpt)
FHA Guidelines regarding foreclosures and first time home buyers; astounding home buying value
Ok I was just checking because I thought this was a story about all the mortgage backed securities that were going under. It started at the top and it worked its way down. The reality of it is that people were buying homes, not reading what they were signing, not understanding how it worked and shame on the people who were putting it in front of them, knowing that they didnt know and we all need to take a tiny responsibility here for this past crisis. It is not just the Wall Street firms; its not just the mortgage companies and banks, the brokers have tiny in fact to do with it, we didnt create the loan products that people were buying, we were merely disseminating it to the public. I am glad to state I was not a part of any of that. I was healthy to stay away and do traditional, conventional type financing for people. So luckily I didnt have a lot of clients who got stuck into that nightmare.
Speaking of that nightmare, Dan when we speak about the people who have had foreclosures, their lives have been turned around, turned over and they think that there is no where for them to go. One of the nice things about the Federal Housing Administration loan, the FHA loan, thats the first time home buyer type loan, the minimum down payment loan, its only 3 years after you have had a foreclosure that you can remember to purchase a home again. So it is important if you have had a foreclosure, you need to point your future away from the flame, you need to save your money, do your best, work as tightly as you can on a budget and look forward to that time when you can go back out and purchase a home again.
Property values are going to be up from where they are today, but there is still going to be plenty of great value out there and there are not going to be loan products that are going to get you in trouble again. They wont exist. What really caused the great inflation in home values starting in about 2002 was the financing was just getting crazy. I wont get into a whole lot of technical stuff about mortgage backed securities and all that, but the lenders were creating products, selling them off their books, thinking that they would never have to worry about them again. They sold trillions of dollars worth of these loans and those are the ones that are going bad.
Ones that were toxic in the first place: the said incomes, the option ARMs, all those loans are all gone now. I was saying early this day that we are back to where we were in financing in 1992-1993, back when the median home price was $75,000. Now I dont think we are going to go anywhere near that again, I think at $130,000 we are getting real close to the bottom of the market and what I was thinking was when I got into the business in 1995 and you were in at about the same time I was, and I remember speaking to a guy who comes into our office to sell us loan programs, now this is the very beginning of the really crazy stuff, and he was saying we can do 70% no doc loans.
We go, what do you mean? If somebody puts down 30% they dont have to verify anything, they dont have to verify their employment; they dont have to verify taxes, anything. We were totally floored, but by the peak of the market we were doing 100% no doc loans. If you were breathing they gave you a loan and the credit scores didnt have to be that high, I think I saw them as low as 600…
Duration : 0:5:36