Sabine Larsen's (sabinesblog) Blog

by Linda Ferrari    The recent economic crisis has paralyzed the hopes and futures of millions of homeowners who are now wondering how they will recover and rebuild in one of the most stringent lending environments on record. How will they manage their credit through the turbulent economic and f...

Loan Modifications & Credit - It's All In The Code by Linda on April 13, 2010  Just over a year ago, the Obama Administration's $75 billion mortgage modification program went into effect, a response to the first year of "The Great Recession," where nearly two million Americans lost their homes th...

Background: Nine years ago, the federal ESIGN Act passed through the legislative process to become national law. However, some federal and state agencies have been slow to adopt rules and guidelines consistent with ESIGN's intent to remove barriers to e-commerce. Among these is the U.S. Departmen...

You May Qualify for the Tax Credit, But Is Your Credit Strong Enough to Qualify For the Home Loan? by Linda on December 1, 2009  Print This Post   The newly-enacted Worker, Homeownership And Business Assistance Act Of 2009 has extended the tax credit of up to $8,000 for qualified first-time home ...

by Linda on January 15, 2010  Print This Post   In an economy riddled with increased expenses and stringent credit standards, the businesses and households that will successfully navigate through the period of economic recovery will do so because their credit scores will get them access to credit...

Credit Myths That Put Your Score At Risk by Linda on February 11, 2010  Print This Post   It seems everywhere you look, some program or Web site offers credit fixes, offers and deals that make it seem so easy to consolidate debt or, worse, get "easy credit" to buy the things you need. They offer ...

Rates are holding as more negative economic news surfaces that is offsetting some of the positive stock market news. Industrial Production and Capacity Utilization numbers, for example, were both down, further indicating that a recovery is a long way away.It is more difficult to get some of our f...

Bankruptcy Mortgage Relief by Linda Ferrari July 12, 2009 How does bankruptcy affect your mortgage situation and your ability to qualify for a home loan in the future? Currently, bankruptcy offers very limited protection to a homeowner who is upside down with his or her payments. The borrower can...

The State of California is no longer accepting requests for the $10,000 Tax Credit for New Construction, as they have used up the allotted funds.The $8,000 Federal Tax Credit for all First Time Homebuyers remains in place through November 30th.FHA now allows properties with septic tanks, without ...

 If your client is going to receive a "gift" from a family member for a down payment or closing costs, it is not advisable to have the "gift funds" deposited into your client's bank account. It is far better and easier to have the gift funds deposited directly to escrow. The gifting party should ...