Josh Talayka | July 25, 2011
At the onset of our current economic recession, the majority of distressed homeowners having difficulty paying their mortgage came from the subprime sector where borrowers were facing adjustable interest rates. As the markets have continued to worsen and unemployment/wage reductions have increased, these defaults have expanded to include all types of mortgages, including FHA. However, one of the benefits of an FHA mortgage is that there are many workout options in place to assist borrowers. The following are just a few of the workout options that the Department of Housing and Urban Development (federal agency that regulates and insures FHA mortgages – HUD) has in place:
Category: FHA loans, Loan Modification Series, Short Sale & Foreclosures |
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Tags: Chase International, Deed-in-Lieu, FHA, forbearance, foreclosure options, Foreclosure Prevention, HUD, Loan Modification, Making Home Affordable, MHA, Nevada, NV, partial claim, Pre-foreclosure Sale, Real Estate, reno, short sale, Talayka, www.sellinghomesinreno.com, www.sellingnorthernnv.com
Josh Talayka | February 16, 2011
Even though we have begun to see money start to trickle into the commercial markets, lenders as still being as picky as ever when it comes to who they will lend to, and on what properties. As a result, you may not be able to find traditional financing if you are trying to purchase a property that doesn’t meet the high requirements of most conventional lenders. However, here are a few alternative ways you may be able to obtain financing
Category: Commercial Real Estate, Financing/Mortgage Topics |
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Tags: Bridge loans, Chase International, Commercial Real Estate, Equity Partner, Fannie Mae, financing, Freddie Mac, HUD, HUD 221 (d)(4), Joint Venture, Lending, Loan, Mezzanine, mortgage, Nevada, NV, reno, SBA 504, Talayka, www.sellinghomesinreno.com, www.sellingnorthernnv.com
Josh Talayka | August 16, 2010
The FHA 203k Renovation Loan allows a borrower to roll repair/renovation costs into their FHA loan. The repairs/renovation can include optional renovations/upgrades such as: interior and/or exterior paint, new flooring, kitchen/bath remodel, Energy Efficient Improvements, landscaping, etc. The process in obtaining and utilizing an FHA 203k loan can be very simple when working with the right loan officer who understands the program, and offers advantages to everyone involved in the transaction.
Category: FHA loans, Financing/Mortgage Topics, Remodeling/Repair/design Tips |
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Tags: Chase International, FHA, FHA 401k, fixer-upper, home repair, HUD, mortgage, Nevada, NV, Real Estate, remodeling, reno, Renovation Loan, Talayka, www.sellinghomesinreno.com, www.sellingnorthernnv.com
