So I have not written anything recently, because in all honesty not much has changed.  The situation has not gotten much better.  Until now, Suze Orman is allowing individuals to download her book for FREE until Thursday, January 15th.

This book is not your typical ebook!  It really has very good information on your FICO Score, retirement investing, savings, spending sheets, real estate, paying for college, insurance and much more!  This is the book you need to read, understand, and use to really keep it together over the next year! (more…)

Many of you must of heard of the restructuring guidelines that came out of FHFA (which regulates Fannie mae and Freddie Mac).  To get the full details of the restructing guidelines go here

Somethings to look at are the following:

Basically under these restructuring guidelines individual homeoweners who are not able to pay their mortgage payments would be able to refinance and get lower payments if they have the following situation: (more…)

This is the BEST time to work with investors.  I STRONGLY suggest that you pre-approve them and understand exactly what they can afford previous to working with them.  Once you have done that then you should start looking for properties for them.  Many agents who have come to my workshops have been confused about how to search for distressed properties.  The following are 4 areas in the MRIS form that you can use to search for distressed properties:
1)    In the disclosure field there is one that says “Subject to a Potential Short Sale”
2)    Remarks may state “Short Sale”
3)    Disclosure pick list must say “Potential Short Sale”
4)    In the “Current Financing/Loan Information” the following are possible options: REO Property, Foreclosure, HUD Owned, Pre-Foreclosure

P.S. In the same form I would also either select specific zip codes or cities. (more…)