Posts Tagged "appraisal"

Can I sue mortgage broker for cost of appraisal and home repairs?

on Oct 6, 2022 in FHA Information | 1 comment

Barchart Morning Call The Japanese government said that tax revenue in the next fiscal year that begins April 1 will total 43.1 trillion yen ($ 474 billion) and will exceed bond issuance of 42.85 trillion yen for the first time in four years. The government optimistically … More informaiton please visit here… State could make play for arena A July 18 email from Mark Morante, order recipe the MEDC's senior vice president of program management, capital markets and incentives group, to Detroit Economic Growth Corp. CEO George Jackson and Brian … Wayne County Executive Robert Ficano has said for several … For more informaiton please visit here… Musician of the Week: Nina Simone Eunice Kathleen Waymon (February 21, visit web 1933 – April 21, order 2003), cheap better known by her stage name Nina Simone, was an American singer, songwriter, pianist, arranger, and civil rights activist widely associated with jazz music. Simone aspired to become a … If you would like more informaiton please visit here… Ian Somerhalder and Nina Dobrev Will Suit Up for the 2013 Celebrity Beach Bowl! On Super Bowl weekend, The Vampires Diaries co-stars and real life lovebirds Ian Somerhalder and Nina Dobrev will join forces with fellow celebs to face former NFL greats in the 2013 Celebrity Beach Bowl. Don't worry, it's flag football. This game of … More informaiton please visit here… Question by tim: Can I sue mortgage broker for cost of appraisal and home repairs? I moved into my investment property after selling my primary residence and lived there for 4 months before I engaged a mortgage broker to refinance my motgage as a primary residence. I supplied the broker with all the pertinent info needed including amount of time that we lived in the residence. He ran my info & told me I was approved for a refi loan with a 15 yr fha mortgage at a far reduced rate than I previously had on my 30 yr investment property mortgage. I then had to pay $ 700 for an appraisal (it’s a duplex). When appraisal was returned it was lower than expected making LTV around 93% and also mandated that I make repairs to the home (fha required) that cost me in excess of $ 2, pilule 000 to complete. Broker assured me that although the appraisal value was low, we would have no issues completing the refi after we made the repairs to the home, so we took care of repairs, had a re-inspection and the house passed. I then expected the loan to be processed quickly as that was what broker had told me would occur. 1.5 months later broker continued to blame delay on large refi volume and (for final 3 wks) that loan was in underwriting. After the 1.5 months, I grew frustrated with delay and pushed hard for answers. Broker finally responded to me that there is an issue due to amount of time I occupied residence, but was confident it would be worked out very soon and loan would close. I then decided to do my own investigation of FHA guidelines and found that its very clear in guidelines that if you move into prop previously owned as an investment prop, that you need to have lived there for 12 mos to get typical FHA refi consideration and if you lived there any less than 12 months that only loans with LTV 85% or less are approved. Can I sue him for the money spent in appraisals/repairs as he didnt know of these guidelines beforehand and continued to advise me to move forward...

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Lastest Fha Appraisal News

on Sep 30, 2022 in FHA Information | Comments Off on Lastest Fha Appraisal News

New Products; Regions Bank's Cuts; PHH, hospital online NationStar in the News; Radian … With nearly four years of originating and buying these FHA 1st & 2nd's, this search FMC has seen the loan performance mirror that of its standalone FHA 1st's. (For information about their FMC's Correspondent program, thumb contact Sharon Magnuson or visit First Mortgage … For more informaiton please visit here… GETTING A Mortgage A credit report will be ordered as well as an appraisal on the property you have chosen. In the residential … Of course, loan programs offered through the FHA or VA may provide LTVs up to 100 percent and some variances to the above guidelines … More informaiton please visit...

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Do you have to use the same appraisal when switching to a diff. lender in the middle of an FHA loan?

on Sep 7, 2022 in FHA Information | 1 comment

Question by Tweetie: Who do I contact about restructuring my mortgage? We are looking to refinance but I don’t know weather to stay with our current mortgage company or if I should contact a government program. Best answer: Answer by Megan Cthe mortgage company you have Give your answer to this question below! by the|G|™ Question by kkazb: Where do you see the mortgage interest rate going in next 2 months? What do you feel about the mortgage interest rate in next 2 months? I will be closing on a house in October end? So I will be able to lock the rate in 2nd or 3rd week of September. Any suggestions? Best answer: Answer by WRwell, about it Ben Bernake will keep interest rate low by the end of December. If you were buying car or house at this time. Right now is the time to lock in rate. Good luck Give your answer to this question below! Question by jesskanurse: Do you have to use the same appraisal when switching to a diff. lender in the middle of an FHA loan? I am close to closing using a certain broker, approved but my current mortgage company offered me a better rate/closing fee. I paid for an appraisal for the initial broker. The new lender says by law, the old appraisal MUST be used since there has already been an FHA case # opened. Is this true? Best answer: Answer by Big daddysorry to answer a question with a question, but how was the appraisal paid for. did you pay for it at the door or was the cost going to be rolled into closing costs. There could be a hang up if it’s rolled in since the broker is on the hook, they may not have to release it as they paid for it. If you paid for it, you should be able to use it, but the appraiser will have to put it in the new lenders name and that will probably cost you. Also, make sure the appraiser is licensed with the new bank, if not, they will want the appraisers license. Last, as far as the new offer goes, make sure you know all the facts, especially the term. Rate isn’t everything. While the rate may be lower with the bank, is the term longer, is it adjustable. Know everything you can about each program, compare the TIL’s from both. Which one costs more in the end? If the banks TIL has higher finance charges than the brokers, is that really a better deal? Does the lower rate really matter if your paying 50k more in the end? Check it all, then make the best decision that allows your family to meet their goals and dreams. good luck Give your answer to this question...

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Home Affordable Refinance Program And Ltv

on Jul 24, 2022 in HARP Refinance | Comments Off on Home Affordable Refinance Program And Ltv

Short Sale / Foreclosure – Selling Short Sales – Buying …Home sellers in foreclosure, drugs treatment and those headed into default who cannot refinance or work out financing alternatives with their lender Will the HAFA Short Sale Program Work For You? … Read Article Refinance Now, When Mortgage Interest Rates Are At A 50-Year LowFor example: â?¢ Home Affordable Refinance Program (HARP) Benefits include no out-of-pocket costs, no appraisal in some cases, and no income verification. … Doc Viewer Annaly Capital Management Releases Market Commentary For The Fourth Quarter 2011Annaly Capital Management, Inc. released its fourth quarter 2011 market commentary providing a review of the economy and the residential mortgage, commercial mortgage, asset-backed, corporate credit and treasury markets. … Read News Loan-to-value Ratio – Wikipedia, The Free EncyclopediaFor properties with more than one mortgage lien, such as stand-alone seconds and home equity lines of credit , the individual mortgages are also subject to combined loan to value (CLTV) criteria. The LTV … Read Article Avoiding ForeclosureHome Affordable Refinance Program â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦ 26 . â?¢ A new appraisal (obtained by your lender) shows that the value … Read More Annaly Capital Management Releases Market Commentary For The Fourth Quarter 2011NEW YORK–(BUSINESS WIRE)–Annaly Capital Management, Inc. (NYSE: NLY) released its fourth quarter 2011 market commentary providing a review of the economy and the residential mortgage, commercial mortgage, asset-backed, corporate credit and treasury markets. Through its quarterly commentary Annaly expresses its thoughts and opinions on issues and events it monitors in the financial markets … Read News WHITE PAPER: Anatomy Of The Credit CrisisHome Affordable Refinance Program (â??HARPâ?) .. 22. Home Affordable Modification Program (â??HAMP Home Valuation â?? The Appraisal Quandary . … Fetch Here FHA Streamline Refinance With No Appraisal – Quicken Loans …All FHA loans qualify for the program, you could qualify for an FHA refinance with no appraisal and no income verification. 2:15 Add to Loan Modification Refinance Making Home Afforda by quickenloans 19,461 views … View Video CMG MI EZ-Refi Program Eligibility RequirementsIf the value is based on the original appraisal, Program Guidelines.  Refinance loans that meet Fannie Mae’s Home Affordable Refinance and Freddie Mac’s Relief Refinance Programs should Programs should be submitted under the CMG MI CU Home Preservation Refinance Program. … Read More Making Home Affordable Program Part I The Refinance …Making Home Affordable Program Part I The Refinance Initiative tneliton . 3.Automated valuation where an appraisal will not be required in many cases. … View Video CU HomeKeepers Flyer 9-25-09 – Print Version (Page 1)Do you want to utilize the government’s Home Affordable Refinance Programs‘ eligibility requirements n CU Home Preservation Refinance Program â??Supports HARP, which includes both Fannie Mae’s Home Affordable Refinance Program for the delinquency n Get appraisal or Broker … Retrieve Document Restringing HARP: The Case For More Refinancing NowThe Home Affordable Refinance Program was introduced in early 2009 to help refinance loans insured or owned by Fannie Fannie and Freddie could also provide more streamlined refinancing that forgoes income verification and a full-blown appraisal to facilitate the refi process and keep costs … Access Content About Experts Sitemap – Group 8 – Page 2 – Spiderbites Of …Http://en.allexperts.com/q/Real-Estate-Home-1842/2009/4/Making-Home–Affordable-refi.htm http://en.allexperts.com/q/Real-Estate-Home-1842/2009/1/HOPE-Program.htm http://en.allexperts.com/q/Real-Estate-Home-1842/refinance–appraisal-3.htm … Read Article Examining Successful Collaborations And Ongoing Barriers To …Under the Home Affordable Refinance program, In some cases even a new appraisal will not be necessary, further speeding the process. The Home Affordable Refinance program ends in June 2010. … Access Doc Category:Mortgage Industry Of The United States – Wikipedia …Home Affordable Refinance Program; Uniform Appraisal Dataset; V. VA loan; Adjustable-rate mortgage; Verification of employment; W. WMC Mortgage; Y. Yield...

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Help! My Home Appraisal Was Lower Than I Needed!

on Jan 31, 2016 in FHA Information | Comments Off on Help! My Home Appraisal Was Lower Than I Needed!

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