Brian McFedries's (bmcfed) Blog

 Homeowner Presentation Application     GOOD NEWS! …You Can Now Short Sale your property And STAY IN YOUR HOME          HAFA  have developed a Short Sale Buy Back Program. Here are the salient points:  The Non Profit Organization we work with makes a short sale offer on the home. The offer is fo...

                                          Some of these programs are CA only , others are National.    Unemployment Mortgage Assistance Downloadable Program Description >>         Mortgage Reinstatement Assistance Downloadable Program Description >>       Principal Reduction   Downloadable Progr...

KEEP YOUR HOME CALIFORNIA In Ca there are many programs available to help distressed homeowners. You can get basic descriptions of each program by looking on our website: http://www.guidetomortgageplanning.com/mortgageplanning.phpor www.guidetomortgageplanning.com and go to the "HELP" tab. some e...

After the Short Sale : How long until you can buy a Home    Waiting Periods to Buy a Home After Foreclosure, Deed-in-Lieu, Short Sale and BankruptcyGetting a Mortgage Loan After Foreclosure, Deed-in-Lieu, Short Sale and Bankruptcy Many financially distressed homeowners who are facing foreclosure ...

FHA Short Sale Guidelines Do you own an FHA or HUD insured home and want to do a short sale? Here are the FHA short sale guidelines: You must list the property with a licensed real estate broker who is not related to you To do an FHA short sale You must be at least 31 days delinquent for an FHA s...

Short Sale Process:  From A-Z   LISTING AND FILE PREPARATION for Short sale process Once we have pre-qualified the distressed homeowner and they are in fact a candidate for a short sale, then it is time to start collecting their supporting documents and list the home. The goal is to accomplish 10...

Know Your Loss Mitigation Options   Loss Mitigation 101   Know Your Loss Mitigation Options:   1.What is a Forbearance with Loss Mitigation With this loss mitigation option, you and your mortgage company agree to temporarily suspend or reduce your monthly mortgage payments for a specific period o...

 Loan modification; the Net Present Value & DTI ratio: Which are the main reason for loan modification failures.     1. Loan Modification Front-End Debt To Income Ratio: First, to qualify for HAMP (the Treasury’s “Home Affordable Modification Program”), the borrower’s current payments for housing...

Upfront you better ask about PMI : As a seller's or buyer's  agent do you know what types of PMI may be invoved on the loan tranaction and how they might be negotiated? What about "Pool Insurance"  in reagards to lender paid MI? A lender may or may not send the file to the PMI company for review....

What is a Depletion of Assets Mortgage? An Asset Depletion Mortgage allows the borrower to qualify by deriving an income from assets they currently hold. This program is not meant for a struggling self employed home buyer with no assets and no income on their tax returns. Two years tax returns ar...