www.lasvegasmtg.com Report: FHA Loan Limits will be drastically cut back for Clark County, Nevada by John Le Francois www.lasvegasmtg.com Report: FHA Loan Limits will be drastically cut back for Clark County, Nevada (Las Vegas, Henderson, North Las Vegas, Boulder City) starting October 1, 2011. Currently FHA loan limits for Clark County, Nevada is $400,000.00, but [...]
October 12, 2011 By 1 Comment
July 26, 2011 By 3 Comments
The Short Sale Seller & Buyer MUST Sign & Execute the Offer!
There are a few misconceptions when it comes to short sales and whether or not a Wellington short sale seller or their bank has to sign a buyer’s offer. First, a short sale is an agreement between the short sale seller and the buyer, NOT the short sale seller’s bank(s). Even though the seller needs short sale approval from their [...]
July 25, 2011 By 2 Comments
Short Sales Stay on The Market a Long Time!
It is very common to see a Wellington FL short sale have a DOM (Days On Market) well over 100 days, 200 days, even 300 days. So why are these Wellington short sales still for sale? Here are a few possible reasons: The home is no longer for sale, but still appears “Active” in the MLS The [...]
June 26, 2011 By 1 Comment
Wellington Short Sale Agents: Does the Seller Have a Say in the Process?
While a Wellington short sale seller needs approval from their lienholder(s) in order to sell their home they still have a say in the process. Not only can a short sale seller turn down a buyers offer, they can also turn down their lienholders short sale approval terms. Last week I was notified by a short sale listing agent that he finally received [...]
May 22, 2011 By 3 Comments
www.lasvegasmtg.com Report: $400 Billion Adjustable Rate Mortgages to reset.
www.lasvegasmtg.com Report: $400 Billion Adjustable Rate Mortgages to reset. by John Le Francois Linda Sterns a Journalist for Rueters this weekend reported that $400 Billion, that’s Right $400 Billion in Adjustable rate Mortgages will be starting to reset. In 2006 at the height of home purchases the adjustable rate mortgage was the loan of choice [...]
