Harvey Collier's (hcollier) Blog

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RECENT BLOG POSTS
Do you find yourself running in the other direction when someone mentions "Chinese Drywall" regarding a home you are interested in purchasing or trying to sell for that matter. A Florida home loan with the mention of Chinese drywall is a potential law suit waiting to happen for any lender. Unless...
03/31/2010
What if I were to tell you that you could short-sale your current primary residence and still qualify for a new FHA Fort Lauderdale mortgage. That's right, underwater home owners can now sell their property and still be able to purchase another home with a new FHA Fort Lauderdale mortgage. How ca...
03/30/2010
Many Fort Lauderdale mortgage loans now in delinquency are piggyback loans originated during the boom years in Florida. This type of Fort Lauderdale mortgage included a first and second loan and often had little or no down payment. The plunge is real estate values combined with little or no equit...
03/26/2010
The Fort Lauderdale mortgage market received an encouraging message from Bank of America’s offer of principal reduction to underwater borrowers. Bank of America has been sharply criticized for their poor performance in modifying delinquent loans under the government’s HAMP program. Bank of Ameri...
03/25/2010
Remember the 'old days' when most buyers qualified for their mortgage? Now, even the most qualified borrowers are feeling bruised and battered. These days, a FHA mortgage  is the most common loan being done in the Fort Lauderdale market. FHA mortgage borrowers are being placed under the microscop...
03/24/2010
Real Estate buyers, agents and mortgage professionals need to be very cautious about accepting credit scores provided by free credit report websites and offers. Most free credit score offers have very little value and require you pay additional for useful information.   Credit scores provided by ...
03/23/2010
HUD recently announced changes to FHA mortgage guidelines that will make low down payment mortgage financing more restrictive and costly than before. These changes are being implemented to help recapitalize the FHA Mortgage Reserve Fund and insure the long term health of the Agency.   Higher upfr...
03/21/2010
It sure seems like we're faced with many more challenges and far fewer tools to work with these days, especially in the Fort Lauderdale mortgage market. The massive foreclosure and short-sale issues have left many Florida homeowners with negative equity. This coupled with Florida's "Declining Val...
03/18/2010
Most of you are probably saying this Fort Lauderdale Mortgage guy must be crazy. What kind of a foolish question is that? I recently had a prospect that had an FHA insured loan on their current primary residence. They wanted to move up and purchase a larger home with another FHA Fort Lauderdale m...
03/17/2010
Let's face it, buyers are all looking for a great deal on their Fort Lauderdale mortgage and home purchase. At the same time, many banks are awash in foreclosed properties. If you haven't discovered the HomePath program it represents a win/win option for both.     Fannie Mae has a wide range of f...
03/16/2010
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Harvey Collier

Sales Assistant Michal Bander Team
local_phone(954) 629-6151
smartphone(954) 629-6151
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