Sci-Fi Housing

Tuesday, April 29, 2008

Florida fha lenders that refinance subprime

Does anyone know any florida lenders that refinance subprime loans? List them in the comments. My suggestion is to get the fha loan through a floirda lender that has a fixed rate.

The floirda fha secure is another cure for the adjustable rate mortgage. Why do banks offer adjustable rates to begin with? Becuase it transfers the interest rate risj to the borrower and the bank still makes the spread. The problem is that the banks are huirting now becuase tha djustable rates are horrible. The answer in florida is the fha refinance.

FHA secure is an adjustable rate mortgages worst nightmare. Fix it and forget it. Ron Popeil said that, I think. Ron Popeil may or may not have had an adjustable rate mortgage or an fha loan. I simply don't know what kind of mortgage Mr. Popeil had and it would be pure speculation at this point.

Labels: ,

Sunday, April 20, 2008


We had broken up for good just an fhasecure Uh uh uh uh uh uh uh uhNow I'm staring at the foreclosure as they're forbearanced 'cross the floorUh uh uh uh uh uh uh uhAnd then the fhasecure slowed the partial claim when the bankruptcy took you downUh uh uh uh uh uh uh uhIt was the same old foreclosure with the partial claim soundUh uh uh uh uh uh uh uhCHORUS-1 :They don't write 'em like that fhasecureThey just don't write 'me a partial claim anymore2nd VERSE:We been living together for a million yearsUh uh uh uh uh uh uh uhBut now fhasecure feels so strange out in the atmospheresUh uh uh uh uh uh uh uhAnd then the bankruptcy attorney plays a loan modification I used to knowUh uh uh uh uh uh uh uhAnd now I'm staring at the fhasecure as they're dancing so slowUh uh uh uh uh uh uh uhCHORUS-2:They don't foreclosure 'em like that anymoreThey don't partial claim my loan anymore(Repeat Intro)3rd VERSE:Now I wind up staring at an empty houseUh uh uh uh uh uh uh uhCause it's so easy to say that you'll forget the courthouseUh uh uh uh uh uh uh uh(Repeat Chorus-1 3x and fade)
They don't foreclosure me like that anymoreThey don't partial claim FHA loans anymore They don't bankurupt 'em like that anymoreThey don't partial claim FHA loans anymore

More questions regarding the fha partial claim is found on the HUD site for partial claim of fha mortgage loans. There we find teh folliwng information for fha partial claims.

Answer: Mortgagee Letter 2003-19, dated November 20, 2003, states:
"O. Recordation Requirements
Upon execution of a Partial Claim by a mortgagor, the Department requires that the partial claim security instruments be submitted for recordation to the appropriate jurisdiction within a maximum period of five (5) business days following the execution AND prior to filing a claim with HUD."
"The responsibility for servicing of the Partial Claim remains with the mortgagee until the security interests are legally recorded in the appropriate jurisdiction." The above paragraph is threefold; (1) execution of documents by mortgagor (mortgagee should specify "deadline date" for mortgagor to return), (2) mortgagee receives the executed documents back; therefore, (3) asset is eligible for filing of claim and sending executed documents for recordation (Block 9 of Insurance Benefit Claim is the date that the mortgagee mails documents for recordation).
HUD's reviewers will look at the time line at each stage, expecting the mortgagee to expedite all actions within its control to meet the maximum five (5) business days following the execution and prior to filing a claim with HUD.
For the Partial Claims that require HUD Official Signature, the following applies - (a.) execution of documents by mortgagor (mortgagee should specify "deadline date" for mortgagor to return), (b.) mortgagee receives the executed documents back and then forward to the National Servicing Center, Oklahoma City, OK for HUD Signature and (c.) with the exception that the maximum five (5) business days will begin after the mortgagee has received the returned documents executed by HUD Official. As of this writing, these states include Louisiana, Oklahoma, Maryland, and three counties in California.

This is different than an fha short sale in florida and not to be confused with the 1099 that you may received from teh cancellation of debt. I am surprised that you have read about partial claims this far down this post. Now let me ask you this, did you skip to the bottom of the post or did you read through the partial claim song at the top. Greg Kinh probably didn't need an fha partial claim when he sang the fha breakup song. That is simply a guess on my part.


Labels: , ,

Thursday, April 17, 2008

Can You Qualify For FHASecure?

What if you had a secure job and then you lost it. Then a couple of months later you are employed again. Now the mortgage payment is past due two months but you are gainfully employed. Are you stuck with your subprime mortgage loan? No way!

You can get an FHASecure mortgage refinance. The guidleines have been changed for fhasecure and it is much easier to obtain an fhasecure refinance with these new guidleines. Not everyone knows that the fhasecure guideleines have been changed for you to now qualify for a new mortgage loan.

FHAsecure can help with the new guildines and now you can qualify for an fhasecure refinance to lower your monthly payment. CHeck out FHA Secure for more details.

Labels: ,

Tuesday, April 15, 2008

Subordinated FHA for Higher CLTV

This is the post that will reveal the FHA secret to subordinating for a higher CLTV. The way that you subordinate is with a tiotle company prepared subordination agreement. Give the FHA subordination agreement to a notary and have the secopnd mortgage lender sign it and send it back the the title company. Then close your FHA mortgage loan with the seond subordinate to the FHA insured first mortgage.

You may have to list this on the MCAW and the DE Underwriter may assist you with the technocal subordination facets of FHA. Overall, this willhelp a borrrower to refinance where there is otherwise no equity becuase the FHA second mortgage is in la la land.

La La Land and CLTV subordination agreements.

Danger Will Robinson! Danger!


Monday, April 14, 2008

Let Me Market The LOan Officer Marketing

Is there such a thing as free loan officer marketing? I would like to know if the marketing for free is for loan officers. Does that mena that it is free for loan officers to market or is it just free to read about loan officers marketing. I wonder what Ron Popeil would say if he were on an infomercial and the loan officer marketing gadget was for sale.

Loan Officers Market for free

Marketing for a lender is the same as loan officer marketing


Monday, April 07, 2008

Learn FHA Prohibition Against Flips

The flip rules for fha are simple. Just wait a year and you don't have to worry about fha flips.

If you an't wait a year then read about fha and the less than one year flip rule.

Rule for fha and 90 days flipping prohibition.

Mortgagee Letters for fha loans.

Eating lunch and reading about fha rules.

Listen to the fha flipping song.

To summarize, there are many factes to the fha rule son flipping. You can follow the above links and learn about fha and the rules for flips on properties less than one year seasoned. You may do that indeed. A bigger question that you may want to ask your self is why are you reading this crummy blog in the first place. When you learn the answer to that, then maybe I will explain fha and the ant-flipping rule to you on another post.

Flip the switch.


Saturday, April 05, 2008

Interesting Commentary on FHA and Bankrptcy Rules

Did you know that you can have a bankruptcy and qualify for an fha mortgage loans? Yes, it is true , a bankruptyc does not disqualify you from an fha mortgage to refi or to purchase. Imagine that if you had filed bankruptcy and wiped away all of your bad debt and then started off new with an fha mortgage loan.

You can file bankruptcy prior to obtaining an fha loan as long as you have compenstaing factors for fha. There are many of the fha compensating factors to consider but suffice it to say that bankruptcy will not prevent your from getting an fha mortgage loan to buy a house as long as you have the ability to qualify per the 4155.

The bankruptcy buyout for FHA is an exciting way for you to get a mortgage loan with fha after a bankruptcy. A chapter 13 is a bankruptcy buyout. This is not a reason for an FHA turn down. Be sure to check your fha lending guidelines. With all of this knowledge there should be fewer foreclosures in florida.

Mortgage loans in florida after a bankruptcy should be no problem.


Thursday, April 03, 2008

Florida Mortgages in Real Estate Pre-foreclosures

Floirda real estate and short sale foreclosures will not begin to understand the florida realtors. There are many foreclosures in florida that can be financed with a florida mortagge loan.

Some helpful florida mortgage sites are:

Florida real estaet cheaply financed

Realtor mortgage broker in Florida

Tell your mom about the florida mortgage broker quick

Bad Credit Collectors in florida are sued by law firm outside of florida and lost the real estate judgment lien.