September 2009 
There are 5 blog entries for September 2009.
Looking to buy Foreclosures in Los Angeles County?
Friday, September 25th, 2009 at 2:46pm. 67 Views, 0 Comments.
Search for property in pre-foreclosure, going to auction at the courthouse soon, or bank owned in Los Angeles or Orange County on IETRealEstate.com
http://www.ietrealestate.com/foreclosures.php
Want more information on how to buy these properties or what to be aware of when purchasing this type of property? If so contact an IET Real Estate Agent.
Conventional-Conforming-Fannie Mae Mortgage Loan Underwriting Guideline Updates Los Angeles CA
Friday, September 25th, 2009 at 1:20am. 294 Views, 1 Comments.
With the changes happening to the basic underwriting guidelines of Conventional loan programs so quickly I thought I'd create this blog post to highlight *_some_* of the potentially deal killing details that I've come across in the course of my own business...
- MI for conforming loans on Condo's is on the verge of being extinct (consider FHA as an alternative). 41% max backend DTI for all MI companies. Doesn't matter what DTI Lender will allow.
- Reserve Requirements when purchasing Investment Properties.
Fannie Mae Announcement re: borrowers purchasing multiple investment properties
* two months of reserves on the subject…
Los Angeles County Crime Statistics and Reports
Wednesday, September 23rd, 2009 at 2:16am. 77 Views, 0 Comments.
Concerned about crime in the neighborhood you are considering buying into? Use this website to review statistics on past crime in your new neighborhood.
http://crimereports.com/
Great source of data, uploaded directly from Local Law Enforcement Agencies.
Great Video on Social Media Relavence in Todays World
Wednesday, September 23rd, 2009 at 1:50am. 57 Views, 0 Comments.
Impact of Loan Modification on Credit Scores
Wednesday, September 9th, 2009 at 4:04am. 444 Views, 0 Comments.
With the introduction of the Home Affordable Modification Program (HAMP) many homeowners that are not currently behind on their mortgages are being faced with a situation where they are being offered potential relief.
Obviously their first reaction would be to accept this relief but the government had done something smart (yes, give credit where credit is due). They made it mandatory for loan servicers to report derogatory history to the credit bureaus for all borrowers who participate. The creators of HAMP did this to weed out the people that can afford their payments but want a modification of their loan terms on the taxpayer dollar.
Those in true financial need won't mind, they are most likely already behind on their payments and their credit…
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