If You Are Waiting To Buy - Think Again!
By C.J. Coury
Most prognosticators agree that home prices have somewhat stabilized from the days of annual double-digit deflation – others predict continued downward movement in home prices. No matter which group you chose to believe there is one absolute certainty – interest rates have increased substantially and [...]
Increase Sales With Underused Loan Products
By C.J. Coury
With the tightening of mortgage loan underwriting criteria we have experienced a much higher percentage of cash buyers than at any time since the creation of Fannie Mae. This phenomenon will continue to forestall the housing recovery for months to come unless we work harder to find ways [...]
Will The New FHA Short Refinance Program Help Stem The Foreclosure Tide?
By C. J. Coury
Many of you have asked me what I expect the market impact to be of the newly released government program that calls for some principal reduction on the part of the lender. This is the FHA Short Refinance Program and here [...]
Appraisals 2010 Seminar Series Continues.
Real estate professionals who are losing real estate deals because of bad home appraisals will benefit from a series of appraisal seminars scheduled for the fall.
Communication Is Key
By C. J. Coury
Now more than ever it is critical to communicate with your buyers who are purchasing with the assistance of mortgage financing. Mortgage lenders have developed many new processes with the intent of eliminating as much fraud as possible. This increased scrutiny includes the utilization of electronic resources to help verify [...]
Getting Sound Appraisals In Today’s Market.
In today’s uncertain real estate climate, it is not unheard of to receive a property appraisal that is less than the buyer is willing to pay, essentially killing the deal for the seller. Real estate professionals agree that part of the problem is the use of appraisal management companies
C.J. Coury And HomeBanc To Sponsor “Appraisals 2010” Seminar Series.
Realtors, homebuyers and homesellers who are losing real estate deals because of low-ball appraisals from out-of-town appraisal management companies will benefit from a series of appraisal seminars sponsored by HomeBanc.
Mortgage Underwriting Guidelines Beginning To Ease
By C. J. Coury
I have been looking forward to writing about this topic for months now – the time has finally come!
Over the past 2 years or so we have been witnessing the end of a much too liberal lending era. Unfortunately, the change in direction went too far and [...]
Improved Short Sale Process
By C. J. Coury
The Short Sale phenomenon that has been escalating over the past few years has reached the point where some drastic changes are needed.
Today’s most prominent process model for these transactions requires that an offer to purchase be presented to the servicing lender prior to any action being taken to [...]
Refinance Now
By C.J. Coury
Although it is certainly more challenging to obtain a new mortgage loan in today’s market you simply must make the attempt if you have an interest rate above, at or near 6%. It is widely believed that rates will begin to rise this spring and could increase as much as 1% or [...]
Monday, March 14, 2011
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