FHA Faces Extreme Capital Shortfall; Risks Taxpayer Bailout
Some cool mansion images: Mansion Image by kahunapulej However one more mansion. Can you picture cleaning it? Or paying to heat it? If you would like to see far more houses click right here… A vermiculated sailfin catfish – A pesky burrowing fish …item 2..Armored catfish chewing up South Florida lakes, pill nibbling at homeowners’ wallets (April 20, 2012) .. Image by marsmet471 "If we do nothing, I think eventually we’re going to end up with a sinkhole," said Susanne Ury, president of the Royal Lakes Homeowners Association. ……..***** All images are copyrighted by their respective authors …….. Photo credits .. A vermiculated sailfin catfish. (U.S. Army Corps of Engineers/Courtesy / April 21, 2012) . …………………………………………………………………………………………………………………………………………………………………………. . …..item 1)…. The TF&G Report … Texas Fish & Game … Outdoor News from Around Texas and the World. Invasive Armored Catfish Wreaking Havoc on Florida Waters April 22, 2012 By Robert Gillock – Web News Editor www.fishgame.com/newsblog.php?p=8079#.T5caP7PZIvk An invasive burrowing catfish with no natural predators is wreaking havoc in South Florida–and they are in Texas waters, too. . ………………………………… img code photo … Andrew Cumberland www.fishgame.com/blogs/news/wp-content/uploads/2012/04/ar… Andrew Cumberland with an armored catfish caught from the Guadalupe River near his home on July 12, 2011. …………………………………. . . The armored catfish eats away at local lakes, contributing to erosion that can steal more than 10 feet off the water’s edge. Someone even tried spearfishing in a desperate effort to eliminate them, according to one resident of the Royal Lakes community west of Boynton Beach. “There are some people who get totally upset, and I can understand why,” said Ralph LaPrairie, a fisheries biologist with the Florida Fish and Wildlife Conservation Commission. There are some quick fixes, including installing wire mesh or spike rush, a dense aquatic plant. “But that’s not 100 percent foolproof,” LaPrairie warned. More Here… www.sun-sentinel.com/news/palm-beach/boynton-beach/fl-arm… Related Stories Armored Catfish Threatening Texas Waterways Invasive Species Attacking Texas Scientists Study Exotic Species Invasions . . ……………………………………………………………………………………………………………………………………………………………………… . …..item 2)…. Sun Sentinel … www.sun-sentinel.com/news … Home > News > Boynton Beach Palm Beach County, Boca Raton and now the Treasure Coast Armored catfish chewing up South Florida lakes, nibbling at homeowners’ wallets Repairs can cost million, contractor says By Ben Wolford, Sun Sentinel 6:20 p.m. EDT, April 20, 2012 www.sun-sentinel.com/news/palm-beach/boynton-beach/fl-arm… WEST BOYNTON — A pesky burrowing fish that has no natural predator is wreaking havoc in South Florida. The armored catfish eats away at local lakes, contributing to erosion that can steal more than 10 feet off the water’s edge. Someone even tried spearfishing in a desperate effort to eliminate them, according to one resident of the Royal Lakes community west of Boynton Beach. Surveillance Video: Check out these videos of crimes caught on camera "There are some people who get totally upset, and I can understand why," said Ralph LaPrairie, a fisheries biologist with the Florida Fish and Wildlife Conservation Commission. There are some quick fixes, including installing wire mesh or spike rush, a dense aquatic plant. "But that’s not 100 percent foolproof," LaPrairie warned. There are more reasons than one to take on this fish fight. "One, it’s a safety issue. Two, it’s a curb-appeal issue," said Chip Sollins, owner of Lake Erosion Restoration, a contractor in Boca Raton. Any permanent solution carries a hefty pricetag, as the small community of Royal Lakes is discovering. Hiring a contractor would cost as much as 0,000, and an assessment to pay for it likely would spark controversy. "If we do nothing, I think eventually we’re going to end up with a sinkhole," said Susanne Ury, president of the Royal Lakes Homeowners Association....
Read MoreWhat are the guidelines for FHA bailout for mortgages? What is forgiven after short sale or foreclosure?
Question by rosesbloom7: What are the guidelines for FHA bailout for mortgages? What is forgiven after short sale or foreclosure? Who are FHA lenders for the new program? Best answer: Answer by J. Philip Real EstateThat is an extremely broad question. I would go to the HUD and FHA websites to get started. What do you think? Answer below!
Read MoreQ&A: How does the new mortgage bailout plan work in simple english?
Some cool mansion images: Castle Mansion Property in Draper Image by Photo Dean Mansion with Castle Towers For much more homes click here… Question by twiggs2006: Can a person have two mortgage loans on two different houses at once? Is it possible to have 2 different mortgage loans on two different houses at once? Or would banks shy away from giving you a second loan if you already have one out? The reason I’m asking is because I’m looking into buying a house for cheap and renting it out. Best answer: Answer by Steve DTechnically, pill there is no limit on how many mortgages you can hold at one time. You are limited only by your income – rule of thumb is that your total mortgage will be no more than 3 times your income (i.e., health you make $ 50,000 a year, you can afford a total of $ 150,000 in mortgages). Note however that to buy that second house as a rental would mean it is classified as investment property and you will need a minimum of 20% down in addition to closing costs. If you are buying from the current resident/owner, you can’t claim any rental income since it isn’t rented yet. Add your own answer in the comments! Question by just me: How does the new mortgage bailout plan work in simple english? I have heard very little about how it will work, information pills any answers in simple terms? Best answer: Answer by biancaStep1Gather loan paperwork and check to see what type of interest rate that you have. If it is an ARM, help or adjustable rate mortgage, health then you would qualify for the new foreclosure prevention plan. Fixed rate borrowers will not be affected by this plan. Step2Check with your lender, if you are not sure, to see when your ARM interest rate is set to change. If it will reset anytime between Jan. 1, 2008 and July 31, 2010, you will have the option to place the freeze on the rate. Also, your loan must have been originated between Jan. 1, 2005 and July 31, 2007 in order for you to qualify. Step3Keep your mortgage payments up to date, with delinquencies below 30 days. You will be excluded from the plan that Bush has proposed if you are more than 30 days late or more than 60 days behind at any point in the last 12 months. Step4Calculate your future budget to see if you could afford the payment on the higher interest rate when it raises. If you can afford the new payment when the rate resets, you will not qualify. If you cannot afford the new payment, the Bush plan will benefit you. People who cannot afford to pay their payment even before it raises, will be ineligible and considered on a case-by-case basis for an alternative solution. Step5Call for assistance. If you can’t afford your payments and are facing a foreclosure, the Neighborhood Assistance Corporation of America could help you save your home. Go to their website at http://naca.com or call 1-888-302-NACA. For those with a good credit standing and payment history, there is help available with the FHASecure program, through the Federal Housing Association. Their website is http://www.fha.gov/, which provides excellent information and an online form to request assistance. Give your answer to this question...
Read MoreFirst Twinkie-geddon and now the FHA's on the cusp of a taxpayer bailout
by marsmet526 Question by schatziepupos: Is there a program for home owners who are now underwater on their mortgages? I did a refinance on Our home with an appraisal of 235k now My home is only appraised at 153-165k. Best answer: Answer by JudyThe government can contact your current mortgage holder and see if something can be worked out. You may be able to re-fi and they could cut down “forgive” “forbearance” of some of your amount. It’s worth calling them. It’s a free service by the feds – HUD. http://makinghomeaffordable.gov/ Also try hopenow.com – its practically the same thing – just an older website They may be easier to contact by phone since the first site is kind of new. / Give your answer to this question below! Question by dancingshlee4285: How long after buying a home can you refinance? My husband I just bought home in July 2008 for 87k. Our interest rate is at 6.25. With the mortgage rates falling because of the economy, this we would like to refinance to pay off some bills and to get a lower rate. We are first time home buyers and have a fixed 30 year FHA loan. Do we have to wait one whole year to finance or can we do it now? Best answer: Answer by WoodySmart move. It depends on the fine print of your current loan. Does it have prepayment penalties or any other ugly clauses? I suggest you simply call your current lender and tell them you are thinking of doing and see what they say. They may even give you a break on document fees and closing costs to stay with them, although it may not matter with FHA. I just built a new home, closed in Sept for 6.34% and refinanced with a different lender for 4.75% in April. Tip – you can fold the closing costs and doic fees into the new loan if you don’t want to lay out the cash. Your monthly payment will still be much lower. Know better? Leave your own answer in the comments! Some cool castle images: Sandal Castle Image by SFB579 🙂 The castle, more about with pugneys waterpark behind. Far more excellent houses click right here… Castle of Alanya Image by ozgurmulazimoglu Alanya Castle (Alanya Kalesi) is a medieval castle in the southern Turkish city of Alanya. Most of the castle was constructed in the 13th century below the Seljuk Sultanate of Rûm following the city’s conquest in 1220 by Alaeddin Keykubad I as part of a building campaign that included the K?z?l Kule. This castle was constructed on the remnants of earlier Byzantine era and Roman era fortifications. The castle is situated 250 meters higher on a rocky peninsula jutting into the Mediterranean Sea, information pills which protects it from three sides. Right after the region was pacified below the Ottoman Empire, the castle ceased to be purely defensive, and several villas have been constructed inside the walls in the course of the 19th century. Right now the creating is an open air museum. Access to the seaward castle is ticketed, but significantly of the region inside the wall, which includes the landward castle is open to the general public. Türkçe: Surlar?n?n uzunlu?u 6.5 kilometreyi bulan Alanya Kalesi, denizden 250 metreye kadar yükselen yar?mada üzerindedir… Kandeleri ad?yla da bilinen Alanya yar?madas?ndaki yerle?im, Helenistik döneme kadar inmekle birlikte günümüze kalan tarihi dokusu 13. yüzy?l Selçuklu eseridir. Kale, 1221 y?l?nda kenti al?p yeniden in?a ettiren Selçuklu Sultan? Alaaddin Keykubat taraf?ndan yapt?r?lm??t?r. Kalenin 83 kulesi ve 140 burcu vard?r. Ortaça?da surlar?n içine yerle?mi? kentin su...
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