RECENT BLOG POSTS
In case you forgot, Daylight Savings Time begins tomorrow at 2 am. Be sure to check all of your clocks.  If not, you may be showing up an hour late for something.  From 1987 through 2006, the beginning and ending dates for DST were the first Sunday in April and the last Sunday in October.  Beginn...
03/12/2011
Think twice before you pay off collections accounts or charge offs. For someone wanting to pay off collection accounts, it is suggested that you do it as part of the loan approval process.  Paying off a collection account can actually bring an old account to a current derogatory status.  That may...
03/11/2011
The answer to this question is yes.   With a Consultant FHA 203K Renovation mortgage, HUD allows for up to 6 months of PITI to be financed into your new FHA 203K mortgage.  This allows borrowers the ability to more easily maintain two homes for a brief period of time.  The maximum number of month...
03/10/2011
HUD has announced that its temporary waiver of the 90-day flipping restriction is now in effect until December 31, 2011.  There are no changes to the Flip Waiver that was previously issued.  The Flip Waiver is still subject to certain conditions.  In order to be eligible for FHA financing, the mo...
03/10/2011
Earlier this week Donne Knudsen hit 400,000+ points here on ActiveRain.  That is really quite impressive for having joined ActiveRain in August 2008.   In the last 2.5 years, Donne has written 1,062posts.  To date, she has even had 21 of those posts Featured earning her several gold stars.  She h...
03/09/2011
The GA Department of Community Affairs has announced some changes to its Georgia Dream down payment assistance program guidelines.  The changes are effective on March 1, 2011.  Some of the highlights are listed below. Household Income Limitations For homes purchased in the Atlanta MSA:Barrow, Bar...
03/06/2011
Broadway Across Atlanta has announced its 2011- 2012 season lineup for the Fabulous Fox Theatre.  Of the six shows being presented, four are Tony winners for Best Musical.  Those include Les Misérables (1987),  Jersey Boys (2006), Billy Elliot: The Musical (2009), and Memphis (2010).  The widely ...
03/06/2011
On March 1, 2011, Freddie Mac announced that it will be lowering its maximum loan to value.  The reduction will be effective with all Freddie Mac conventional mortgages with a settlement date on or after June 1, 2011.  Maximum financing requirement lowered to 95% LTV/TLTV/HTLTV Only exception wil...
03/05/2011
Does your 203K lender have an in-house Draw Department???? This is one very important question that most Alabama buyers and real estate agents fail to ask when comparing mortgage companies that offer FHA 203K Renovation mortgage program.  There are many mortgage companies who do "offer" FHA 203K ...
03/05/2011
 Can I close on an FHA Mortgage if the utilities are off? The typical answer is no.  All traditional FHA mortgages require that all utilities must be on at the time of the appraisal inspection.  It is also required that all related systems are functioning properly at the visit. However, the FHA 2...
03/05/2011
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