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Real Estate Home Mortgages/Questions Answered by Expert Jim Root
| Subject | Date Asked |
| CHURCH PURCHASE OF HOME FOR PARSONAGE | 8/7/2010 |
| Q: THERE IS A HOME IN MEMPHIS, TN. WHICH WAS PURCHASED BY A YOUNG MAN AT A FORECLOSURE SALE FOR ... A: Mr.CAMPBELL-- If the Parsonage is to be a Pastor's PRIMARY RESIDENCE, it should be possible for ... | |
| re-financing with unfinished addition | 7/19/2010 |
| Q: Currently, we have primary mortgage ($290K) and home equity ($69K, with $0 balance) with the same ... A: No, Liz, Underwriters are typically "shielded" from Borrowers and communications between Borroer ... | |
| re-financing with unfinished addition | 7/19/2010 |
| Q: Currently, we have primary mortgage ($290K) and home equity ($69K, with $0 balance) with the same ... A: So often the "language of real estate" makes it nearly impossible for someone NOT familiar with real ... | |
| HAMP MOD AND PMI | 7/16/2010 |
| Q: I HAVE BEEN HAVING PROBLEMS TRYING TO GET A HAMP MOD FROM GMAC, RECIEVED TRIAL PLAN AND MADE ALL MY ... A: PETER-- Private Mortgage nsurance (PMI) is REQUIRED for ALL "Conventional" Motgages (Fannie Mae, ... | |
| transfer/deed of land | 6/29/2010 |
| Q: why am i still on the house insurance i signed a transfer/deed of land out of fear didnt really know ... A: I'm afraid I can't understand your question(s) as you haven't really communicated your situation to ... | |
| FHA Streamline refi | 6/24/2010 |
| Q: I'm considering refinancing with the FHA streamline program. I bought six months ago with an FHA ... A: " the word streamline refers to the lesser amount of paperwork, documentation and verification ... | |
| Mortgage Options from Lender | 5/27/2010 |
| Q: RE: Mortgage Options from Lender Dear Mr. Jim Root, I am in the process of putting a loan ... A: RESPONSE TO FOLLOW-UP: Hello again Mr. Makoto-- QUESTION 1: One needs an AMORTIZATION CALCULATOR ... | |
| Mortgage Options from Lender | 5/26/2010 |
| Q: RE: Mortgage Options from Lender Dear Mr. Jim Root, I am in the process of putting a loan ... A: Makoto-- Whether they set aside $99K, making it due on sale or at the end of the 40 year term, ... | |
| Mortgage / Equity Line Refinance | 5/23/2010 |
| Q: (Resend - I think I had a typo in my email address last time, apologies if you have received this ... A: If the Real Estate Market and Mortgage Banking was not in the turmoil it's in these days, I'd feel ... | |
| Refinace or Loan Modification Question | 5/19/2010 |
| Q: A friend of mine who had a top paying job was recently unemployed. Received unemployment for over a ... A: With the recession, problems in the stock and bond areas, the housing crunch and the mortgage ... | |
| Getting a better mortgage loan | 5/15/2010 |
| Q: I want to go on a modification program for my mortgage, but my present loan company only offers the ... A: It's against our policies to make direct referalls to specific Real Estate Companies. Lenders, ... | |
| condo refinance coverage | 5/14/2010 |
| Q: I recently refinanced my condo about a month ago, and one of their conditions was that I increase ... A: THIS QUESTON WAS ANSWERED ON 5/14/10.QUESTONER NOT ONLY READ THE REPLY, BUT RATED IT ALL 10'S. ... | |
| condo refinance coverage | 5/14/2010 |
| Q: I recently refinanced my condo about a month ago, and one of their conditions was that I increase ... A: Mark-- You can bet that if you now try to decrease your HOI coverage to below that you were ... | |
| How much money do I have to invest myself? | 4/30/2010 |
| Q: We are considering buying a home in the US. In Switzerland (where we come from) you are required to ... A: G'day ANDREA-- In the USA there are numerous Motgage Loan Programs, all with different terms ... | |
| Down Payment Assistance Programs | 4/20/2010 |
| Q: I know someone who is in the process of buying a home. They are getting a FHA loan. They need down ... A: Richard-- The many DAPs that worked over the past 10 years contributed highly to the defaults and ... | |
| FHA | 4/19/2010 |
| Q: I hold a FHA loan 30-years fixed rate 5.5% Can I go from an FHA loan to a conventional loan at ... A: Michael-- Sure you can, but it's not just a matter of "converting" from the FHA FIXED RATE @ 5 1/2% ... | |
| Home Equity Questions | 4/12/2010 |
| Q: I inherited a house that is paid off, worth about $125,000. I only work part time and have debt. ... A: Go on line & have your Search Engine find you "PEER-TO-PEER Lenders!" "Peer Lenders" are NOT ... | |
| Refinance, No Money Out... | 4/7/2010 |
| Q: Here is my situation; I have a 1st and 2nd mortgage with Bank of America on a condo that I purchased ... A: ANDREW-- I don't know for sure if there's anything you can do--but here's a few tnings you might ... | |
| gifting a house | 3/21/2010 |
| Q: My situation is this, my ex works overseas, me and my kids have lived in a house we initially moved ... A: One of the definiions of Lawyer is "one who gives legal opnions, advice and guidance." Attorneys ... | |
| Debt forgiveness | 3/6/2010 |
| Q: I currently work for a bank and need a clear answer on some things so that i can better do my job. I ... A: FOLLOW-UP FROM JIM TO JOSEPH: Well, this certainly wasn't the first time my strange sense of humor, ... | |
| Mortgage | 2/23/2010 |
| Q: I have been pondering over this question all day and was wondering if you could help me. When having ... A: My recommenation is to take out a 30-year Fixed Rate, Govt-backed Mortgage(either an FHA-insured ... | |
| Refinancing with VA Loan | 2/11/2010 |
| Q: My father is a Veteran and we were wondering if we can refinance with a VA Loan. He has a 1st and a ... A: Yeah, Dad can refi with a VA loan, but only if the refi pays the original off in FULL. VA will ... | |
| Mortgage | 2/7/2010 |
| Q: We bought an investment house in November. It needed a lot of work and we couldn't get a mortgage, ... A: I know of no LAW that specifically says one cannot apply for a mortgage, finance the puchase of a ... | |
| irrevocable trust | 1/29/2010 |
| Q: Can I get a home equity loan as the beneficiary of an irrevocable trust. A: Under today's very restrictive "Fannie Mae" & "Freddie Mac" rules for underwriting mortgages.home ... | |
| joint inverstments | 1/24/2010 |
| Q: jim First off thank you for taking the time to help me out with this. I am 25 years old and live in ... A: I have a feeling that if I answer your questions,I'll put myself "in between a rock and a hard ... | |
| How much can I afford? | 1/23/2010 |
| Q: I'm a single 37 year old first time buyer, looking for a home in the area of Newtown, CT, where I ... A: I'm not Tom.I found your e-mail in Our QUESTION BOX and thought someoe should answer you ASAP before ... | |
| Creative Financing | 1/19/2010 |
| Q: I currently owe $40,000 more then what my home is worth. I do not have the cash to cover the full ... A: Hey ALEX-- That's CREATIVE FINANCING all right! In fact, it's so creative that I don't really ... | |
| Drop out of short sale | 1/14/2010 |
| Q: I am a first time home buyer and very new to the process. We have given a offer for a short sale and ... A: As I'm NOT a Lawyer & can't practice Law, my answer is "generic" NOT "specific."Unless the verbiage ... | |
| Check as proof for a lien | 1/5/2010 |
| Q: My house is currently in foreclosure. This home was mine prior to my new marriage, and I had hoped ... A: ALLIE-- In foreclosure? "Friend" offers to pay off by personal check? Not sure what's been offered ... | |
| HARP REFI | 1/5/2010 |
| Q: Good Evening Mr Root-Thank you for answering my question. To make a long story short...we did a ... A: Don't pay any attention to "the bad press concernng lenders and the market!" These stories speak to ... | |
| Non owner occupied FHA loan | 1/5/2010 |
| Q: I am a first time home buyer in NJ. I am in negotiation with the property I want for about $72k. ... A: PHIL-- Follow the advice of the Brokers who said to commit fraud and "go to jail, do not collect ... | |
| Refi Rental Townhomes? | 12/30/2009 |
| Q: Struggling to decide whether to refi 3 identical townhomes I rent to college students near a Texas ... A: Actually,a Combination Attorney who specializes in Real Estate Matters & who is also a CPA would be ... | |
| Divorce Loan Modification | 12/17/2009 |
| Q: I am the person who asked a long question where you replied "I'm sorry, but I don't understand the ... A: Hey Mark-- Yup, a tad clearer. Sorry 'bout that! Traditionally there's NO way to get your ... | |
| Mortage Loan after Bankruptcy | 12/17/2009 |
| Q: I am currently at the 1 year mark after bankruptcy and I have heard I have to wait until the 2 year ... A: Alex-- FHA,VA & most Conventionl Loan Programs ALLOW the approval of Mortgage Loans after the ... | |
| wamu modification | 12/10/2009 |
| Q: Please help us. I had asked for help during Hurricane Ike, WaMu told me to take 2 months off(9-08), ... A: Wahington State has a Department of Financial Institutons that oversees ALL Banks, Credit Unions, S ... | |
| Investor Caps on # of Mortgaged Prop's | 12/5/2009 |
| Q: Jim, What is the current limit on # of conventional mortgages on non-owner occupied properties? I ... A: DAVID-- Considering the "sorry state" that our current Real Estate Market & Mortgage Industry is ... | |
| Early closing date | 12/5/2009 |
| Q: We have a signed offer for our house with closing date on Dec. 30. The buyer's lawyer does not work ... A: I'm assuming they aren't going to charge you a daily rental fee? Right off the top of my head,I can ... | |
| co-ownership | 12/3/2009 |
| Q: what should i do to protect my investment? Me and a good friend found a property that had a house on ... A: DOUG- It's POSSIBLE to be on Title/ Deed as 50/5 Co-Owner while NOT on the Morgage.Unless you have ... | |
| Refi Rental Townhomes? | 11/30/2009 |
| Q: Struggling to decide whether to refi 3 identical townhomes I rent to college students near a Texas ... A: SHARON-- If it was me, and I had ARMs that could adjust up to 11% at 2.5% per year starting in "1 ... | |
| refinance | 11/20/2009 |
| Q: Me & my husband are on my current deed & mortgage. However I wish to refinance without him because ... A: Mortgage Brokers are bound by the "GOLDEN RULE--He who has the Gold rules!" The Broker works through ... | |
| FHA Home Rental due to new job | 11/18/2009 |
| Q: I purchased a home in September 2007 through an FHA backed mortgage: $143K, 100% financing at 5.95%. ... A: FHA'S OWNER/OCCUPANCY requirement is "intention to occupy the property fo at least one year.(Note ... | |
| Cosigners | 11/17/2009 |
| Q: My boyfriend and I are in the preliminary process of buying a house. Because my credit is bad, his ... A: I'm NOT Doug! I just found your Questioned unanswered in the "Question Pool."Actually neither Doug ... | |
| sale house | 11/11/2009 |
| Q: house was paid for, not being knowledgeable i refinance about 3 times over the last 7 years now my ... A: With the National Economy "in the dumps," and the Mortage Lenders "running scared," if your CREDIT ... | |
| investment property | 11/10/2009 |
| Q: I bought an investment property in New Jersey and after 3 years the value of the property has lossed ... A: CHARLES-- As I'm neither a State-licensed Lawyer nor Certified Public Accountant,I can't answer ... | |
| Home Buying Road block | 11/8/2009 |
| Q: My fiance and I are in the process of buying a home. We were going with a VA loan. We had a ... A: If your Fiance is the VETERAN,without him on the loan, as Borrower or Co-Borrower, a VA Loan is NOT ... | |
| Question ? | 10/29/2009 |
| Q: My question is my ex husband & I divorced 7 yrs. ago,he signed over the house as deed of gift & also ... A: This is a LEGAL QUESTION!It's ANSWER depends on the SPECIFIC verbiage on the Property Settlement ... | |
| Shortsale | 10/28/2009 |
| Q: I sold my home through a shortsale in Nov.2007 my credit report after disputing with the lender for ... A: Valerie-- Every State in the USA has an Agency" that provides "oversight" of the Banks, Credit ... | |
| HECM Short Sale | 10/16/2009 |
| Q: My husband's grandmother has a reverse mortgage on her home and she has drawn all of the money that ... A: DANA-In my nearly 15 years as a Housing Official with HUD's FHA Division, your PLAN to use a ... | |
| condo purchase | 10/14/2009 |
| Q: My husband and I reside in CA and are considering purchasing our first property in Atlanta. We are ... A: Erica-- Certaily you may buy investment property(s)in GA or elsewhere whie residing in CA--but it's ... | |
| G.C. & 203k guidelines | 10/11/2009 |
| Q: Mr. Root I am a General in St. Louis, MO. I have a potential customer that wishes for me to contract ... A: Hey KRIS-- The Mortgage Lender that will be doing the 203K Loan for your potential Customer is ... | |
| Refinance | 10/8/2009 |
| Q: My parents left me a house paid for with no mortgage. 100% equity. I moved in in Jan. 09. ... A: -- Laws relating to REAL ESTATE vary from state to state, so if your "source" of the info on the 6 ... | |
| Mobile hom/property loan | 7/30/2009 |
| Q: am 23 years old and am looking to purchase a mobile home on it's own piece of property. I have been ... A: SEE ADDITIONAL INFO AFTER THE ORIGINAL RESPONSE BELOW--jr KRISTA-- Yes, it's difficult to ... | |
| mortgage | 7/27/2009 |
| Q: I am a veteran of OIF and my wife, son and myself are seeking to purchase a home. When trying to ... A: Hey MATT-- A few years ago, when our National Economy started to weaken, the Mortgage & Real Estate ... | |
| Financing for Home in Midst of Remodeling | 7/26/2009 |
| Q: We are first-time homebuyers considering buying a foreclosed house that is in the middle of being ... A: GARRETT-- Without knowing more about your Debt-to-Income Ratios, Credit Scores, etc, I can't tell ... | |
| refinance/mortgage | 7/24/2009 |
| Q: I currently own a house in which I live and a condo which provides minimal rental income. Both are ... A: TRISH-- I've tried to reply to you three times now and the "System" has sent my answers into ... | |
| Grant Deed my name- mortgage Family friends name | 7/16/2009 |
| Q: One of our family friends grant deeded the property to us. we are no longer friends. in the mean ... A: Providing "Legal Opinion, Advice & Guidance" is one of the definitions of practicing law. Only a ... | |
| 3rd home | 7/15/2009 |
| Q: My brother-in-law lives in CA in a retirement village. He wants to buy a 2nd condo in this ... A: Your Brother-in-Law sounds like a great guy, who obviously is in a financial situation that allows ... | |
| reverse mortgage | 7/11/2009 |
| Q: My Grandmother passed away 30 years ago and left a small piece of land to her 2 kids, My Mom and her ... A: Hey RANDY-- If your Mom & Aunt are BOTH on Title to the property,BOTH would have to be ... | |
| mortgage through bank | 7/2/2009 |
| Q: We want to buy this 1949 home that is selling for $38000, but needs repairs costing $17000. The ... A: Welcome back! Have your Banker Mortgage your Home that you say's worth approx.$85,000 and you own ... | |
| mortgage through bank | 6/25/2009 |
| Q: We want to buy this 1949 home that is selling for $38000, but needs repairs costing $17000. The ... A: ESTHER-- You didn't send your inquiry to me, and whoever you sent it to directed it the QUESTION ... | |
| Pros and Cons | 6/23/2009 |
| Q: Root, I have actually three questions if you don't mind responding: 1. what are the pros and cons ... A: Hey Karl-- Thanks for the questions-- I Certainly don't mind responding; that's what I'm here for! ... | |
| Interest rate | 6/16/2009 |
| Q: I heard that if I refinance my home through a lawyer, I will get a lower interest rate on my ... A: Hey BAO-- Refinance through an Attorney & get a lower interest rate on the Mortgage? Where did you ... | |
| 1st time home buyer looking for a loan with a low down payment | 6/14/2009 |
| Q: I live in the bay area, californiA and am looking to buy my first home with a 10%down without the ... A: There are lots of Mortgaging options to FHA-Insured Financing when you have 10% of the Purchase ... | |
| buying a home from liason who bought it on shortsale | 6/8/2009 |
| Q: We are attempting to purchase a home that was sold to a liaison on short sale by the lender. Our ... A: CHARLENE-- There are Federal Laws and HUD Codes addressing "STRAW BUYERS" & "FLIPPING" Your use of ... | |
| quitclaims pertaining to reverse mortgage | 6/6/2009 |
| Q: my mother put her house in reverse mortgage, she passed and nine children are heirs,we want to keep ... A: Hey Johnny-- The Reverse Mortgage Program or "Home Equity Conversion Mortgage (HECM)" as directed ... | |
| 8000 tax credit "monetized" | 6/4/2009 |
| Q: There is talk of the 2009 first time home buyer tax credit of $8000 to become "monetized" and be a ... A: "Monetization" of the "up to $8000 Tax Credit" is N-O-W in effect! The "Bridge Loan" comes from the ... | |
| Question about PMI | 6/3/2009 |
| Q: In November 2008, we purchased a home. The selling price was $235000 and we put down 10%. The loan ... A: JEFF-- When purchasing a Home using CONVENTIONAL Mortgage financing a Downpaymnt sufficient to ... | |
| Owner Occupancy is too low to Sell my Condo | 5/30/2009 |
| Q: I own a condo in a small complex of only 9 units. 7 of them are own by one person and he rents them ... A: Considering the status of today's Real Estate and Mortgage industries,I suspect there are NO ... | |
| Fingerprints | 5/29/2009 |
| Q: I was told by a loan originator, there is now a law requiring my fingerprints to obtain a refinance? ... A: Hey JOSEPH-- I'm as shocked & surprised--dismayed & disgusted--by the thought of a fingerprint ... | |
| First time buyer | 5/13/2009 |
| Q: Would I qualify as a first time buyer in the event of divorce where my name is secondary on the ... A: Sorry Lori-- If you have owned a home in the past three years, you are NOT considered a First Time ... | |
| forclosure | 5/5/2009 |
| Q: Where to start? My boyfriend has/had a Fannie Mae loan. His work situation caused him to fall ... A: My answer to your question will to "short" as your description of your Boyfriend's problem and your ... | |
| To Refinance or Not to? | 5/4/2009 |
| Q: We currently have a conventional mortgage through my credit union (then got sold to Central ... A: First let me say that I'm surprised that any Lender will approve you for a Home Loan with Credit ... | |
| FHA loan | 5/4/2009 |
| Q: We were told by our FHA specialist loan officer that to be eligible for an FHA loan, we had to have ... A: FHA Loan Programs are for OWNER OCCUPANTS ONLY.FHA Borrowers must sign a "Statement of Intent to ... | |
| home mortgage and divorce | 5/3/2009 |
| Q: Jim, I am days from my final hearing and last week I signed a contract to purchase a home for myself ... A: The Laws of the State of Nebraska, the Policies of the Loan Program you are involved in AND the ... | |
| Are my parants still entitled to the $250 NJ State Property Tax? | 4/29/2009 |
| Q: My parents have been married for 42 years, and have resided in their home in NJ for the past 38 ... A: All 50 States have differing benefits for their Veteran populations, some for all Vets of Military ... | |
| Underwriter Decline on Mortgage | 4/29/2009 |
| Q: TX. We were set to close on the sale of our home on 4-24-09 and got a call from the buyer's lender ... A: Annette-- Having just found your question on my PENDING QUESTIONS Menu, I was surprised to see that ... | |
| Trouble financing | 4/23/2009 |
| Q: My wife and I just built a house in Western Washington State. Our original apprasial to get the ... A: Mark-- You didn't send this to me, but I found it in the QUESTION POOL.I have a SUGGESTION! ... | |
| Assumable Mortgage | 4/22/2009 |
| Q: My mother passed away last year and my father is currently in default on all their bills. He is ... A: CHRISTY-- First, my condolences--Sorry for your loss of "Mom!" So often the "Mom"s handle the ... | |
| Rehab and housing grants and loans | 4/14/2009 |
| Q: We bought a home in the Phoenix area when the prices were low (not as low as they are now!) in July ... A: HUD Loans/Grants for "Special Needs" groups--Low Income, the Elderly, Disabled, Handicapped, ... | |
| One on the note both on the deed. | 4/7/2009 |
| Q: My husband and I are refinancing for a lower interest rate but can get a better rate with me alone ... A: Renee-- "One who gives legal opinion, advice and guidance." That's one of the definitions of ... | |
| Mortgage woes | 4/6/2009 |
| Q: We have been working with a bank to get a mortgage since January. We had signed a contract, paid ... A: I'll bet you're working with a Lender "long distance," either via the Internet, telephone and/or ... | |
| credit score, ratio | 4/6/2009 |
| Q: Me an my husbands trying to see how much we can get a loan for, his credit score is 736, fico score ... A: TANYA-- If the Dealer is taking your Mobile Home in, he should be paying off any loans currently ... | |
| buying a second home | 4/5/2009 |
| Q: I am currently the owner of a home in Portland Oregon. I am planning to move to Hawaii and have a ... A: You didn't send this inquiry to me, but whoever you sent it to apparently sent it to the QUESTION ... | |
| Help! | 3/31/2009 |
| Q: What a mess I have... a close family friend needed help with their real estate property. He had an ... A: Yeah, what a mess! " No good deed goes unpunished" & "Murphy's Law" BOTH here, I think. Your folks ... | |
| mortgage charged off | 3/30/2009 |
| Q: i fell behind on my mortgage payments last year. they sent my account to forclosure. i was able to ... A: Michelle-- I'm afraid I can't give you the advice you need! The charge-off of your loan, non-one ... | |
| New construction loan | 3/27/2009 |
| Q: I am from sw mn, and i am thinking of selling my current house for around 158,000 and i owe 128,000 ... A: The Real Estate & Mortgage "worlds" are spinning like tops" and sometimes in the same/sometimes in ... | |
| land given as a gift | 3/24/2009 |
| Q: My brother has drawn a will,where he bestows his property and land in Texas to me after he dies. He ... A: You don't need a "Real Estate Professional" to respond to your questions--you need a Tax Expert! ... | |
| gifting money | 3/18/2009 |
| Q: My sister asked if I could borrow money on her behalf for a down payment for a home purchase. Her ... A: Be careful! Your Sister's Loan Officer's (LO) suggestion, if precisely as you state it above,could ... | |
| financial help | 3/17/2009 |
| Q: can i get financial help to move to my on apartment i live with a friend right not and i have a 2 ... A: Ms. D-- If you want financial assistance for a Rental Property, either a House or an ... | |
| 30 year fixed rate | 2/26/2009 |
| Q: My wife and I have found a home. Offer accepted, VA now has 30 days to do there inspection thing. ... A: "To lock or not to lock, ? That is the question!"? And it's almost as old a question as the ... | |
| 203k loans | 2/23/2009 |
| Q: I want to stay in my home- the mortgage balance is low but I need to make some major repairs....they ... A: GRACE-- The 203K Rehab loan Program IS an excellent program, but it's complicated by the need for ... | |
| mortgage | 2/16/2009 |
| Q: I just filed bankrupty 7 and my current mortgage is very high interest rate. Is there any way for my ... A: JESS-- Until the recent "Mortgage Loan Crisis" one could find a Home Loan and close it the day ... | |
| rescue from negative home equity? | 2/12/2009 |
| Q: I really wasnt clear if this was the place to send this question or not.... My wife and I purchased ... A: There are several new FHA programs out now and another one that will be out soon--all a part of the ... | |
| Bankrupting a second mortgage | 2/12/2009 |
| Q: I recently did a loan modification last November with Washington Mutual. They carry my first and ... A: You need to consult with an Attorney who specializes in Bankruptcy Law. I THINK that you MIGHT be ... | |
| percentage of mortgage | 2/12/2009 |
| Q: What percentage of my annual income should I use to buy at house I make $50,000. annually. What ... A: ERIC-- At approximately $50,000 per annum,your MONTHLY GROSS INCOME should be about $4800. It's ... | |
| Quick Question | 2/9/2009 |
| Q: I have been talking with a Realtor here in Las Vegas, who has been giving us some very shady advice, ... A: If by "Shady advice" you mean illegal actions such as fire for insurance,etc(I'll not list other ... | |
| Investment short sale impact | 2/8/2009 |
| Q: Aloha, I have a investment property that is upside down. The loan is only under my name but the ... A: ALOHA-- Let's see if I've got this straight! Your primary residence(PR) has a large equity ... | |
| 2nd Mortgage default | 2/7/2009 |
| Q: I hold a 2nd mortgage that payments are due on 4-5-09, it is not likely that the person who owes the ... A: PAT-- Only your Attorney, CPA and/or Financial Advisor are licensed or certified to give you "legal ... | |
| home loan modification | 2/4/2009 |
| Q: My ex husband and I have a home together. He wanted to stay in the home. In division of property ... A: Look's like you're in a "Catch 22!" Yeah, once the loan is modified and you're no longer on the ... | |
| MORTGAGE | 1/26/2009 |
| Q: My father had one 30-year mortgage for the house where he lives (house "A") and still owed about 15 ... A: Yep, "it sounds too confusing!" I just got back from vacation & found your inquiry in the "Question ... | |
| quit deed with countrywide in washington state | 12/17/2008 |
| Q: we are a married couple with adult children. we are refinancing and would like to quit deed it to ... A: STAN-- One can transfer "all rights & interests" in a property via what's called a QUIT CLAIM ... | |
| Loan Modification | 12/9/2008 |
| Q: I hope I have the perfect person for my question.Jim,I am looking to see if I can do this Loan ... A: Brad-- Sorry for the delay in response--have been ill! Hope you HAVEN'T paid a fee to anyone BEFORE ... | |
| loan | 12/7/2008 |
| Q: my name is abolfazl and i am international student with work permission in usa ( F1 visa) . i am ... A: Mr. JALALI-- Your question about Down Payment requirements for obtaining the best Interest Rates ... | |
| good faith | 12/4/2008 |
| Q: I received good faith estimate last week which had closing costs at just under $3600 for a $85000 ... A: Hey JAMES-- Although you've listed Loan/Closing Cost "activities" by name & given me dollar amounts ... | |
| Financing | 12/3/2008 |
| Q: I have asked you questions before, and your answers were extremely helpful. I recently purchased a ... A: Hey CHRIS-- A "Private Investor" or "Hard Money" seems to be the only avenue for you right now! The ... | |
| loan approval | 11/29/2008 |
| Q: they approved my VA home loan even i didn't have money to close the loan. they asked my latest bank ... A: HAKAN-- You need the help of an ATTORNEY--and you need it NOW!If you can't afford a Lawyer, contact ... | |
| Assuming A Mortgage | 11/7/2008 |
| Q: My landlord is loosing his house due to foreclossure. It is possible for me to assume the ... A: Hector-- Some mortgages can be assumed; depends on the specific verbiage in the mortgage you'd like ... | |
| creative financing | 11/7/2008 |
| Q: My question is we currently have a mortgage on our home. We live out of town a bit and would like to ... A: ROD-- No, I've never heard of a swap like that, but that doesn't mean it can't happen! Contact the ... | |
| leins | 11/2/2008 |
| Q: My parents are seniors & my dad is currently in the hospital from a stroke he had 3 weeks ago. They ... A: There's a SPECIAL LOAN PROGRAM for folks like your Parents! It's called a REVERSE MORTGAGE and it's ... | |
| Securing PMI on Jumbo loan | 11/1/2008 |
| Q: I've been approved and vetted for a purchase 95% LTV on a $891K home purchase but can't secure PMI ... A: JAMIE-- Because of the current state of the Real Estate and Mortgage Markets the Underwriters for ... | |
| Deed issues | 10/24/2008 |
| Q: My mother whom is a saint purchased a rental property for my husband and I to move into. We had a ... A: Yes,the definition of a "First Time Homebuyer" for purposes of qualifying for MOST "First Time ... | |
| In Lieu Of | 10/1/2008 |
| Q: Our home is now worth 30,000 less than we owe. We have a first and second. The Master and Kitchen ... A: GO TO THE FOLLOWING WEBSITE FOR INFO: www.hud.gov/fha/home080730 The Solution to your Problem MAY ... | |
| Mortgage bailout plan | 9/30/2008 |
| Q: Lew Dobbs stated on his show 9/29/08 that some of the government money to purchase bad mortgage ... A: ACORN IS A NATIONAL ORGANIZATION THAT CLAIMS TO BE A NON-PARTISAN SOCIAL SERVICE ENTITY.IT IS SAID, ... | |
| Private Lender Loans | 9/29/2008 |
| Q: I was wondering if you could help me? I in in the process of buying home and going thru a private ... A: VICKI-- Pre-Approval Letters are worthless except as they may make a Seller feel more comfortable ... | |
| VA Loans | 9/28/2008 |
| Q: Can I pull out or terminate a VA loan anytime during the approval process? Thank You Jim Cummings A: Mr. Cummings-- First, "Thanks for your Service to our Nation!" A Viet Nam Vet myself, I didn't hear ... | |
| realstate | 9/26/2008 |
| Q: My mother owns 2 houses that don't have any equity she refinance to take the money out and buy the ... A: Your Mother's Mortgage on the Apartment is SEPARATE from the one that you & she share on your Home, ... | |
| 203K FHA loan and insurance | 9/19/2008 |
| Q: We will be closing on our 1924 home next week. The price was 130K and we are doing a 203K FHA Rehab ... A: Homeowners Insurance (HOI) coverage during the first six months--the Rehab Phase--after Closing has ... | |
| Closing Date | 9/17/2008 |
| Q: I will be scheduling a closing date on my refinance with my chosen lender via a Paramount Lending ... A: I highly recommend that you contact an Attorney in your Community that specializes in Real Estate ... | |
| COLLECTION ON CR REPORT, PURCHASING HOME | 9/17/2008 |
| Q: I HAVE A MEDICAL COLLECTION FOR $155 THATS 4 YEARS OLD. I AM LOOKING TO PURCHASE A HOME IN 6 ... A: I don't see how paying off that collection would LOWER your Credit Score. Debts to COLLECTION ... | |
| Lein Recording | 9/8/2008 |
| Q: I have a loan that was never recorded with my county office. I am now in the process of trying to ... A: Only a licensed Attorney with all of the details of this matter can give a legal opinion of ... | |
| HOA Foreclosure | 8/26/2008 |
| Q: My condo foreclosed in june by the HOA, sold to a third party for back dues, however he has no ... A: JOHN-- I suspect that you ARE still responsible for the mortgages held by Countrywide and Bank of ... | |
| constuction loan | 8/26/2008 |
| Q: here goes. i am being given land in saratoga county ny where i hope to put a modular house. my ... A: Congratulations on the gift of land.If it was gifted to you "free & clear," it is eligible to be ... | |
| Construction Loans | 8/26/2008 |
| Q: We have been pre approved for $190,000.00 for a VA loan. This is good, since VA has rules and ... A: WAYNE-- I think you're going in the wrong direction, my fellow Veteran!Please don't make the custom ... | |
| recinding forclouser | 8/23/2008 |
| Q: we were in the middle of a loan modification, when the mortgage comapny forcloused and sold the ... A: WANDA. Thanks for the excellent Rating & Nomination.In response to your request in the Rating ... | |
| deed | 8/14/2008 |
| Q: S RESIDENT,AND WHAT DOESN T IT IMPLY IF IT A SHARE OF A HOUSE THAT S GOING TO BE SOLD? ALTHOUGH ID ... A: AMAUD-- It is my understanding that one can use a QUITCLAIM DEED to convey any interests he/she MAY ... | |
| Investing in real estate | 8/11/2008 |
| Q: Why does the real estate market keep on flourishing (the liquidity is high) despite of the subprime ... A: Do you think maybe the fact that interest rates are still at a 40 year low AND the HIGH number of ... | |
| ch 13, refi, new purchase if missed loan payment | 7/16/2008 |
| Q: My home is for sale since May, but has not sold yet. I am in ch 13 for 14 months with no late ... A: MICHAEL-- You should meet with a Loan Officer and start the application process for an FHA-Insured ... | |
| Purchasing a second home. | 6/16/2008 |
| Q: In a few weeks me and my girlfriend are going to be purchasing our first house. First house for each ... A: CORY-- It sounds like your home purchase & mortgage loan application is progressing well and ... | |
| credit score and buying a home | 6/6/2008 |
| Q: I plan to buy a home next spring. I am renting a condo currently. I have about $8000 left of car ... A: STEPHEN-- Credit Scores are affected by so many different factors that it's hard to predict what ... | |
| foreclosure and bakruptcy | 5/9/2008 |
| Q: If my name is on the deed to the land but not on the loan and I filed chapter 7 bankruptcy and my ... A: CHRISSY-- If the collateral for your Husband's Mortgage loan is the "Mobile Home/Land Package"(ie. ... | |
| Paying off car lease to lower DTI for mortgage | 4/28/2008 |
| Q: Ok so this is the situation: We (my husband and I) have been spending the past year fixing up our ... A: If you car lease payment shows on your Credit Report you're obligated to list it as a Monthly ... | |
| Construction loan question | 4/25/2008 |
| Q: I recently purchased vacant land with a construction loan to build a home. Because of the fact that ... A: Hey CLINT-- Good questions! Hard for me to give specific answers to, though, as I'm not privy to ... | |
| choosing a refinance lender | 4/25/2008 |
| Q: Need to borrow 210,000 to refinance. I found an interest rate of 5.5 but the closing and prepaid ... A: LOUIE-- With a REFI you shouldn't have to make any Downpayment, as the equity in your home should ... | |
| refi mortgage | 4/22/2008 |
| Q: Why is it so hard to find lenders who are offering refis at the higher "jumbo rate". I have a ... A: DOUG-- Answer to your first question-- The current overall, Nation-wide decline of the Real Estate ... | |
| No down payment | 4/21/2008 |
| Q: I recently recieved the closing papers for a local residence and they would like either 4,200 down ... A: MR. JESSE-- Apparently the loan program you're using differentiates between Owner/Occupant ... | |
| Quick Question | 4/14/2008 |
| Q: My father refinaced a home that my brother and myself, along with my father live in. The mortage ... A: SKYLER-- First I need to explain a few things to you, then I'll give you a "Quick Answer to your ... | |
| Ownership of Property | 4/14/2008 |
| Q: I have an uncle that just passed away and didn't have death insurance on the house. All the ... A: ERIC-- Specific response to your questions would involve giving legal advice and/or expressing a ... | |
| Mortgage payoff | 4/6/2008 |
| Q: I have paid off my mortgage. I would like to know what if anything I should do about the deed and ... A: You should receive documents from your Mortgage Holder/Lender(called "Mortgagees") that evidence ... | |
| 203K complications | 4/2/2008 |
| Q: Mr. Root, I read your exchange with Trajah dated 9/27/2007 with great interest. Many of aspects of ... A: PETER-- Your HUD-Approved Consultant AND the the Lenders FHA-Certified Underwriter for your 203K ... | |
| first time home buyer | 3/26/2008 |
| Q: My son and his fiancee live in Glendale, Arizona. They have an excellent credit rating, good jobs, ... A: CAROL-- Hi; Thanks for the inquiry. I hope I can help you help your son and soon-to-be ... | |
| loan | 3/11/2008 |
| Q: o.k. i have a single family home in st louis mo 63125. I owe 39,000.oo on my house. Its worth about ... A: NANETTE-- Without my knowing the full particulars on your situation, my answer may or may not be ... | |
| TAKING AVANTAGE | 3/6/2008 |
| Q: HOME:100,000-LEFT 19,000. CHANGED FROM HIBERNIA TO CAPITIAL ONE. LAST 2.5 YEARS THINGS CHANGED. ... A: BRIAN-- I'm afraid I don't fully understand your situation, nor what you want of me, but from what I ... | |
| Title Company Error | 3/4/2008 |
| Q: We live in Colorado and our home builders. We recently, in late November 07, sold and closed on a ... A: ELIZABETH-- As I'm NOT an Attorney, I cannot give you a specific answer to your questions on ... | |
| hi! | 2/27/2008 |
| Q: i am in the military as well as my husband i am station at san diego and my husband in washington ... A: Hey IRISH-- Thank you--and your Husband--for your service to our Nation! As a former USAF ... | |
| Refinancing | 2/25/2008 |
| Q: Mr. Root, I have an unusual situation. My fiance died 2 years ago. I went into a severe depression, ... A: MS. LUCKETT-- First, let me tell you how sorry I am for your loss!The unexpected demise of a loved ... | |
| buying a second home | 2/20/2008 |
| Q: we have a paid off house that we would like to keep but were wondering if we can use it to buy a ... A: If I understand your question correctly, you want to know if you can borrow against the home you now ... | |
| refi in chapter 13 | 2/8/2008 |
| Q: I am in a chapter 13 for the last 6 months my home loan is going up every 6 months. Is their a way ... A: David-- While in a Chapter 13--referred to as the Wage Earner Plan--you must have the permission of ... | |
| subprime lending | 2/8/2008 |
| Q: what do you think is the best plan action to take to provide the most advantages and get us out of ... A: JON-- Better minds than mine are working on plans to preclude further problems associated with our ... | |
| Untraditional Mortgage | 2/6/2008 |
| Q: I own a condo, paying about 5.7% on it. It has been about 3 years since I purchased it, so I am ... A: MIKE-- Thanks for making my life e-z by being so specific & concise with your questions! I'll try ... | |
| First time home buyer | 2/5/2008 |
| Q: I guess I'll just start rambling and hopefully you can give me some solid advice. 1) My wife and ... A: BEN-- You didn't ramble--you asked two distinct & specific questions & gave me the details on your ... | |
| trading homes with mortgages | 2/5/2008 |
| Q: 1. My home is on the market for $215,000 ($24,000 mtg) 2. The house I want is $185,000 (he has a ... A: Interesting question! Also a difficult one to answer--complicated situation! Although you & the ... | |
| First time home buyer | 2/3/2008 |
| Q: If I sold a house in Michigan a year ago, can I be a first time home buyer in California how does ... A: YENI-- Federal, State & Local "First Time Homebuyer" Programs, to the best of my knowledge, all ... | |
| Refinancing.. | 1/31/2008 |
| Q: Refinacing heloc with regular mortgage will go as rate and term refinance or cash out refinance in ... A: ALEC-- You didn't send this question to me--I found it in the "Question Pool" and it looks like ... | |
| Selling a Home that is in someone's name | 1/29/2008 |
| Q: Root. My story is this. Well my father is selling the house that me and my mom lives in. Well he ... A: NICOLAS-- It's difficult--maybe impossible--for me to give you a definitive answer to your ... | |
| Home Refinancing | 1/27/2008 |
| Q: I am a home owner and I am looking into refinancing options. My current mortgage is a 30 year w/ a ... A: BOB-- Generally, if one can lower their interest rate by one or two points they will lower their ... | |
| church parsonage | 1/23/2008 |
| Q: How can we put our home which still has a mortgage into the name of our church as its parsonage? A: DEBI-- There are several different approaches to doing what you have asked about. As I am not a ... | |
| mortgage lender questions | 1/15/2008 |
| Q: Jim, Not sure if you can help with this question, but you seemed to have the experience and ... A: BOB-- Sorry to hear of your current misfortunes! Your Wife's cancer, your loss of employment both ... | |
| Home Mortgage | 1/12/2008 |
| Q: I bought my first home with my ex-wife about 13 years ago. I am former active duty military and ... A: RICHARD-- First let me say "Thank you" for your service to our Country, then I'll answer your ... | |
| refi?? | 12/26/2007 |
| Q: Let's get creative!! Wow, by reading your bio, you seem pretty knowledgable. I hope you can help. ... A: EMAD-- To refi or not to refi--that is the question! Whether 'tis wiser to convert from Interest ... | |
| lender approval of a short sale offer | 12/13/2007 |
| Q: I have made an offer on a short sale property that the owner has accepted. The offer is now going to ... A: CRAIG-- With Short Sales, because the Seller's acceptance is subject to the Lender's--and perhaps ... | |
| foreclosed home | 12/12/2007 |
| Q: can i get my home back after foreclosure, i live in md A: MAUREEN-- I think you're referring to what's called the "Right of Redemption," and is best ... | |
| The buyer needs to move in befor closing! | 12/10/2007 |
| Q: Some one buying my house and she got the final approval for a FHA loan. She needs to move in before ... A: NATE-- In my "former lives" as a Licensed Realtor, Appraiser & Mortgage banker in the "Private ... | |
| Investing, Debt & Mortgage Qualification | 12/7/2007 |
| Q: I recently started real estate investing. I’m closing on my 1st investment property in a week. I’m ... A: Alicia-- With the Real Estate market AND Mortgage industry in such a "state of flux" as it is there ... | |
| Home Buying in Chapter 13 | 12/4/2007 |
| Q: How are you? Well me and my husband file a chapter 13 in July of 2005. We need to know how we would ... A: Stacey & Jackie--I'm fine, thanks; how are you? You'd feel really great if you could owned your own ... | |
| Purchase home | 12/3/2007 |
| Q: I'm looking to buy a new home and need a loan. I'm looking for 100% financing. Right now if I buy ... A: Chris--The current high rate of Defaults & Foreclosures on "Sub-Prime" Mortgages made over the past ... | |
| Foreclosure sale possibility...? | 12/1/2007 |
| Q: My question is simply this....can a family member purchase my property at the foreclosure sale? I am ... A: Jeff--My previous answer still stands; I still feel you should seek legal assistance & advice, and ... | |
| FHA | 11/27/2007 |
| Q: If I wanted to buy a house that costs 150,000 and I was wanting to get a loan for half of the price ... A: Jasen-- Say "Hi" to Liz for me, will you? Thanks! No, FHA won't participate in a "Half Ownership ... | |
| Foreclosure sale possibility...? | 11/27/2007 |
| Q: My question is simply this....can a family member purchase my property at the foreclosure sale? I am ... A: Jeff-- I don't know about "family members" in general, but,I suggest that before your wife makes any ... | |
| FHA loan and Co-borrower | 11/26/2007 |
| Q: My boyfriend is interested in purchasing a home for 150,000. It is well below it's appraisal value ... A: Liz-- THIS IS AN ADD-ON TO THE ANSWER BELOW! You didn't say anything about you & the Boyfriend ... | |
| HOA / Redemption Period | 11/19/2007 |
| Q: I'm in Minnesota. Who is responsible for paying the HOA monthly dues during the redemption period ... A: JEFFREY-- This question, sent to Kip, has been sitting in the Question Pool for some time now & I ... | |
| Foreclosure with mortgage that has MI? | 11/18/2007 |
| Q: Kip, I am facing not being able to make my payments and not being able to sell my home due to ... A: ROBERT-- Kip, like Elvis,"has left the building!" And your question has been sitting in the ... | |
| bank wouldn't approve short sale - facing foreclosure | 11/18/2007 |
| Q: We hope you can shed a little light on our problem. We got scammed into purchasing three investment ... A: Ty--This is NOT a question that can be answered by ANYONE here! You need to find an ... | |
| Broker Revenue? | 11/13/2007 |
| Q: I cannot seem to locate the dollar amount of the mortgage broker industries revenue per year for ... A: TIM--How much money did Mortgage Brokers make per year--including Loan Origination Fees and/or Yield ... | |
| 2 mortgages | 11/13/2007 |
| Q: I have an investment property I do not want to lose, but I am near the end of being able to carry ... A: MARY-- You didn't send this question to me, but I've seen it sitting in the Question Pool for quite ... | |
| loan add on/quit claim | 11/11/2007 |
| Q: I want to quit claim one of my four income properties to my daughter and her husband, but keep the ... A: Dan--I just read your "Feedback" & then read my "Answer" to you again! I wish I'd re-read my ... | |
| XFERRING CONSTRUCTION LOAN TO PERM | 11/1/2007 |
| Q: Summer of 2005 I signed a contract with a builder to build a house in southwest Florida. Builder ... A: JOANN--You ARE in a BAD situation, aren't you? The best advice I can give you is this;contact a ... | |
| first time home buyer | 10/30/2007 |
| Q: my name is luck and im a first time homebuyer, I'm looking for a 2 family house in nyc, but I'm ... A: Luck--$20,000? I think you're confusing Closing Costs & Downpayments! A Buyer's loan & closing costs ... | |
| first time home buyer | 10/29/2007 |
| Q: my name is luck and im a first time homebuyer, I'm looking for a 2 family house in nyc, but I'm ... A: Hey Luck, back again, huh? Glad to see you're still seeking help with your Real Estate needs! Yeah, ... | |
| What to do when I want to relocate? | 10/27/2007 |
| Q: I am thinking of relocating out of CA in late 2008 to early 2009. What are my options for the ... A: Terence--The only other Options I can think of are both "Last Ditch" kinds of actions! (1) Your ... | |
| What to do when I want to relocate? | 10/26/2007 |
| Q: I am thinking of relocating out of CA in late 2008 to early 2009. What are my options for the ... A: --The options you listed, foreclosure, buy-out, sell, etc. are certainly all possible, but except to ... | |
| refinance in current chapter 13 | 10/24/2007 |
| Q: I want to know would I be able to refinance while currenlty in chapter 13. Would I get a good rate, ... A: Sharon--If you have been on Chapter 13 for over a year, have made your payments to the Trustee as ... | |
| first time home buyer | 10/21/2007 |
| Q: my name is luck and im a first time homebuyer, I'm looking for a 2 family house in nyc, but I'm ... A: Luck? To get the best mortgage for you will take more than just "luck!" There are almost too many ... | |
| mortgage | 9/27/2007 |
| Q: If someone has a credit score of 660 and has a very poor debt/income ratio and refinances her ... A: Someone with a relatively high credit score such as a 660, but whose debt-to-income ration is ... | |
| refi a purchase | 9/27/2007 |
| Q: In a few weeks I will be purchasing my first home.I have negotiated with the bank to get the ... A: Trajah-- I enjoyed our telephone follow-up to your first question, and am pleased to provide you ... | |
| refi a purchase | 9/18/2007 |
| Q: In a few weeks I will be purchasing my first home.I have negotiated with the bank to get the ... A: I'll answer with how I'd approach this scenario--and what I would & wouldn't do. First off, I ... | |
| Shopping for a Loan after a pre approval? | 8/30/2007 |
| Q: Hey Nick, Read a couple of your answers and thought you'd be a great person to ask about this. I ... A: Shawn-- I'm not Nick, but somehow this question came to me--so here goes! First off, be aware that ... | |
About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here
Real Estate Home Mortgages
Answers by Expert:
Jim Root
Top Expert on this page
Expertise
Real Estate Financing of all types/styles--Government & Quasi-Governmental loan such as FHA & VA; Conventional "Fannie Mae" & "Freddie Mac"-backed Mortgages & all sorts of "Creative Financing" techniques! Credit Underwriting & Property Value & Condition Requirements of standard Home Loan Programs. Purchase Money Mortgages or Refinancing! Gale, shown with me here, has been a licensed Real Estate Agent & Office Administrator & my Research Assistant over the years!
Experience
Over 30 years as a "Real Estate Professional," including Real Estate Marketing & Sales, Mortgage Banking & Residential Appraisal businesses.Past certifications as a Mortgage Co. Manager, Underwriter, Staff Review Appraiser, Compliance Inspector & Loan Officer with a nationally known Mortgage Company. 12 of the 30 plus years of experience was with the Dept. of Housing & Urban Development (HUD) as a Homeownership Program Officer, trained & proficient in all aspects of the Real Estate Sales,Appraisal, Inspection & Financing areas.
Organizations
Former Member of Nat'l Ass'n of Realtors (NAR)& Mortgage Bankers Ass'n of America.(MBAA) Currently with National Ass'n of Review Appraisers & Mortgage Underwriters.(NARA/MU)
Publications
Published in local, regional & national Real Estate industry magazines & newsletter on various Real Estate-related topics.Co-authored numerous Goevernment Manuals, Handbooks & Panphlets on Home Mortgage Programs while with HUD/FHA.
Education/Credentials
Associate Degree with emphasis in Real Estate Studies plus:
Over 20 "Special Courses" relating to Real Estate, including Financing, while in Private Sector & with HUD's FHA Homeownership Division.
Bachelors Degree in Mass Communications &
Masters Degree in Education/Teaching.
Awards and Honors
Professional Designations include: Certified Resiential Originator (CRO) with MBAA,Registered Mortgage Underwriter (RMU)& Certified Review Appraiser(CRA) with NARA/MU. Past awards include Outstanding Performance Awards for 10 of the 12 years with HUD/FHA & numerous
Real Estate Sales,Appraisal Reporting & Mortgage Loan Origination
awards while in "private practice"
Past/Present Clients
Currently Director of a Company that provides Professional Development Seminars & Workshops to Real Estate Agents, Appraisers & Mortgage Lenders & both free(as needed) & fee-paid (sliding scale)consulting & inspection services to the general public.This "Expert" is a "Disinterested Third Party" who will not try to sell you Real Estate, nor Appraise or Inspect your Home, nor attempt to put you into a Mortgage Loan--all questions will be answered with your best interests in mind!
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