Betsie's Real Estate Update

Well, about a month ago my client and I started on the journey of bidding on an auction property. We ended up getting the bid accepted, we went through the long process of obtaining an FHA loan and we have finally reached our end! I am happy to say that we made it and it wasn't that bad. No, real...

 Ok, so most of us know that as of January 1st, the old way of getting a loan has changed. But what does this mean to all of us who work in the Real Estate business or for the buyers and sellers? One change is that we no longer can get a Good Faith Estimate until there is an actual property and l...

I have a client who kept insisting on doing a lease purchase. I always ask in my mind why someone wants to do something and what the benefits are. Now, I could be totally naive or just missing the point, but I don't see too many positives of a lease purchase. I do understand that you lock in a pr...

This was the recent question I received about timeline on a short sale. I wanted to laugh, but of course I wouldn't do that to someone. Short sales take time. Some can be done quickly. I have an excellent short sale negotiator that I hire when I do short sale listings and he has managed to get al...

It seems like everywhere you look the business is getting stricter. Lender's guidelines are tightening, Bank's are tougher on who they accept offers from on REO properties and now I am finding that title companies are implementing their own rules. I have seller's who don't all live in the same ar...