During an FHA appraisal, do they go on the roof and look at the chimney?
HARP Study: Your Loan-to-value products in Affects Your Choice Mortgage The 30-year fixed rate mortgage increased its market share compared to other mortgage products. In part because of the HARP 2.0 refinance selected households. Benchmark product with the highest rate in 18 months 15-year fixed mortgages have … For more informaiton please visit here … Treason – for his father’s dream – The obsessional neurosis of Barack Hussein Obama II in the White House Image by Richard Loyal French “”The President isn’t exactly a socialist. So what’s driving his hostility to private enterprise? Look to his roots. Barack Obama is the most antibusiness president in a generation, and perhaps in American history. Thanks to him the era of big government is back. Obama runs up taxpayer debt not in the billions but in the trillions. He has expanded the federal government’s control over home mortgages, recipe investment banking, more about health care, autos and energy. The Weekly Standard summarizes Obama’s approach as omnipotence at home, impotence abroad. The President’s actions are so bizarre that they mystify his critics and supporters alike. Consider this headline from the Aug. 18, 2009 issue of the Wall Street Journal: "Obama Underwrites Offshore Drilling." Did you read that correctly? You did. The Administration supports offshore drilling–but drilling off the shores of Brazil. With Obama’s backing, the U.S. Export-Import Bank offered billion in loans and guarantees to Brazil’s state-owned oil company Petrobras to finance exploration in the Santos Basin near Rio de Janeiro–not so the oil ends up in the U.S. He is funding Brazilian exploration so that the oil can stay in Brazil. More strange behavior: Obama’s June 15, 2010 speech in response to the Gulf oil spill focused not on cleanup strategies but rather on the fact that Americans "consume more than 20% of the world’s oil but have less than 2% of the world’s resources." Obama railed on about "America’s century-long addiction to fossil fuels." What does any of this have to do with the oil spill? Would the calamity have been less of a problem if America consumed a mere 10% of the world’s resources? The oddities go on and on. Obama’s Administration has declared that even banks that want to repay their bailout money may be refused permission to do so. Only after the Obama team cleared a bank through the Fed’s "stress test" was it eligible to give taxpayers their money back. Even then, declared Treasury Secretary Tim Geithner, the Administration might force banks to keep the money. The President continues to push for stimulus even though hundreds of billions of dollars in such funds seem to have done little. The unemployment rate when Obama took office in January 2009 was 7.7%; now it is 9.5%. Yet he wants to spend even more and is determined to foist the entire bill on Americans making 0,000 a year or more. The rich, Obama insists, aren’t paying their "fair share." This by itself seems odd given that the top 1% of Americans pay 40% of all federal income taxes; the next 9% of income earners pay another 30%. So the top 10% pays 70% of the taxes; the bottom 40% pays close to nothing. This does indeed seem unfair–to the rich. Obama’s foreign policy is no less strange. He supports a 0 million mosque scheduled to be built near the site where terrorists in the name of Islam brought down the World Trade Center. Obama’s rationale, that "our commitment to religious freedom must be unshakable," seems utterly irrelevant to the issue of why the proposed Cordoba House should be constructed at...
Read MoreQ&A: Can an FHA appraisal with conditions be transferred to another lender without problems?
the destruction of Wamu But the majority of Washington Mutual problem loans were prime mortgages and home equity loans. Grind reports that 70% of the options ARM mortgages and 90% of the home equity loans were taken on the basis of “stated income” instead of … For more informaiton please visit here … Question by vixxen: FHA loans do not allow default on a Federal Loan.What if I pay off the loan prior to applying for FHA mortgage? Will I get the loan? I have about 10% down… Best answer: Answer by Jay CFirst of all, decease if you have a previous foreclosure(does not matter if it is FHA/VA/Conventional), information pills you MUST wait 3 years before you are eligible to apply for another FHA loan. This is the critera from the FHA itself. So if it has not been 3 years, I’m afraid you are not eligible for an FHA. Secondly, if it has been 3 years since the foreclosure, and if you HAVE perfect credit since, you may be APPROVED for another FHA. HOWEVER, FHA will TYPICALLY REQUIRE that any outstanding collection accounts be paid BEFORE being able to close on the loan. So whatever amount is showing on any collection(including your foreclosure), must still be paid before you can close. I wish I had better news for you but unfortunately this is the criteria for an FHA Give your answer to this question below! Question by sakof90s: FHA inspections – how fast can they be done? How fast can an FHA inspection for approval be completed? We are selling our condo and buying a house. We are in escrow in both processes. Of course we need to sell to get the down payment for the purchase. Today, sickness our agent called to see if the condo we are selling has been inspected and approved by the FHA. I’m not sure but it sounds like the buyer’s lender wants FHA backing. To our knowledge, website the condo has not previously been approved. We are locked in at a decent mortgage rate, ambulance but there is an expiration date for that lock-in. I don’t want to lose the rate and wonder how long it will take to have the FHA do their inspection of the condo and approve the backing. We live in So. Calif. Any advice would be greatly appreciated. Thank you. Best answer: Answer by boo76Typically if his/her buyer is doing an FHA loan, then the loan company that is doing it for them needs to send their own inspector over. It’s not up to you…the only time you get an inspection is if you wanted to certify that your home is somehow a good buy or something…like a “for the record” type thing…. If the buyer is doing an FHA loan, then the lender should be sending an inspector over anywhere from 30 days before the closing and up until about 2 weeks from the closing. When is your closing date for the buyer? If it is w/in the next 30 days expect someone to come inspect the home in the next few days to couple weeks… Hope that helps…. Give your answer to this question below! by elycefeliz Question by John L: low mortgage rates, order how long will they last? Since the bailout of Freddie Mae and Freddie Mac, viagra mortgage rates fell, correct? 1. Why? 2. How long will this last? I’m looking to buy a house within the next two months, and I don’t want to miss the low rates. Best answer: Answer by Howard LMortgage rates have dropped a bit...
Read MoreHow long does an FHA appraisal stay with the house?
by Editor B Question by camp_bell13rad: How long does an FHA appraisal stay with the house? A conventional appraisal can be over-ridden at any time but I think the FHA has a time period that makes it so it can’t be changed for a specific time. Best answer: Answer by Spinky spark nutYour Realtor will know. Know better? Leave your own answer in the...
Read MoreCoester VMS Introduces Flat-Fee Appraisal System
Coester VMS Introduces Flat-Fee Appraisal System Coester VMS, cialis 40mg clinic a national Appraisal Management Company and provider of reverse mortgage appraisal services this week announced it has moved from regional appraisal pricing to a flat-fee appraisal model nationwide. Regardless of location, patient visit web all appraisals … For more informaiton please visit here… Mortgage Rates: Home Affordability Could Set Record Along With Low Mortgage … FHA loans have higher closing costs (APR) because of the upfront mortgage insurance premium and other FHA fees, here there but these can be paid with seller concessions up to 6%. The popular FHA streamline refinance does not require an appraisal or other … If you would like more informaiton please visit...
Read MoreDoes FHA require the seller to make repairs from the appraisal?
by SS&SS Question by C o n f u c i a n: How does a refinancing loan work on an FHA mortgage? I have an FHA loan for $ 25, viagra sale illness 000……House is worth much more, link hospital especially after the repairs we did. House sold at least 3 different times between 1995 and 2006 for approximately $ 100, ambulance 000. I am guessing it is at least appraised for $ 65,000 right now…. I still have 29 years left on the mortgage. How does refinancing work (what kind of loan would I get in $ terms), and what do I need to get approved? Best answer: Answer by loanmasteroneThe equity you might have accumulated in the property would depend on if you are able to apply for and be approved for a refinance on your home. Primarily you would go through the same process as you did when you first purchased your home. You would have to find a FHA mortgage lender and apply for a refinance of your property through. You might inquire of this FHA mortgage lender about the FHA streamline refinance program. You would still get your refinance, however, there is less paperwork and perhaps an appraisal report might not be required. Normally on a refinance you would able to refinance for a maximum of 80% of the appraised value of the property. If you think the property would be valued at $ 65,000 then 80% would be approximately $ 52,000. After paying off your current mortgage you would see approximately $ 27,000 in your hand minus points and fees that would be charged for the mortgage loan refinance. There might be a provision that would not allow you to cash out for more than you paid for the house a year ago. You might be able to pay off any consumer or credit card through this refinance or you might be able to purchase a large ticket item for you house. Ask the mortgage loan officer for cash out requirements that might apply for your refinance and see if there are any restrictions. I hope this has been of some benefit to you, good luck. “FIGHT ON” Add your own answer in the comments! A handful of great large home pictures I discovered: Large Home Construction Season in Ann Arbor, viagra 40mg Michigan Image by cseeman Walking about Ann Arbor nowadays…oh the cranes and operate! For much more houses click right here… Question by Lilo Silver: Does FHA require the seller to make repairs from the appraisal? I just had an FHA appraisal that noted two items that needed to be remedied. 1. Install a cook top 2. Fix dented siding (there may have been some dry rot) I am under the impression that the seller is required to make these repairs at their expense. In other words, medical the seller is not allowed to accept an FHA loan without these type of items being fixed. Am I misinformed? Best answer: Answer by MikeNot exactly, The seller doesnt have to make any repairs if he doesnt want to. Its not that the seller cannot except your FHA loan, the FHA loan will not let you buy that house if the repairs are not made. Know better? Leave your own answer in the...
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