About Buying HUD Homes

What is a HUD Home? A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. Who can buy a HUD Home? Almost [...]

How Do I Get Registered as a HUD-Qualified Real Estate Broker?

FAQs about HUD’s Management and Marketing (M&M) Program: (Source:HUD.gov) >> Question 1 – How do I get registered as a HUD-qualified real estate broker? >> Answer – You need to register through your local M&M contractor. See more registration instructions. Question 2 – I am already a HUD-qualified broker and would like to continue selling [...]

HUD Issues New Mortgage Rules to Help Consumers

HUD ISSUES NEW MORTGAGE RULES TO HELP CONSUMERS SHOP FOR LOWER COST HOME LOANS New ‘Good Faith Estimate’ will help borrowers save nearly $700 (Source:HUD.gov) WASHINGTON – For the first time in more than 30 years, the U.S. Department of Housing and Urban Development today issued long-anticipated mortgage reforms that will help consumers to shop [...]

Fannie, Freddie, HUD, VA – Government Homes For Sale

Several federal agencies have properties to sell. In fact, HUD sells both single family homes and multifamily properties. Check them out – one might be just what you’re looking for! (Source HUD.gov) Single Family Homes for Sale From HUD From the Department of Veterans Affairs From Federal Deposit Insurance Corporation From Internal Revenue Service From [...]

Home Improvements

Whether you want to fix a faucet or add a new addition to your home, you need to know the facts and the pitfalls of home improvements. Here are some sources that can help. (Source HUD.gov) Federal Loan Programs About HUD’s rehabilitation and repair home loan Program description Q&As about HUD’s rehabilitation and repair loan [...]

Fair Lending and Predatory Lending Laws

Discrimination in mortgage lending is prohibited by the federal Fair Housing Act and HUD’s Office of Fair Housing and Equal Opportunity actively enforces those provisions of the law. The Fair Housing Act makes it unlawful to engage in the following practices based on race, color, national origin, religion, sex, familial status or handicap (disability): (Source: [...]

How To Avoid A Foreclosure

Whether you’re in foreclosure now or worried (Source:HUD.gov) about it in the future, we have information that can help. Get Help Now! Talk to a foreclosure avoidance counselor Talk to your lender Find state and local foreclosure resources Contact HOPE NOW Keep Your Home Are you at risk of foreclosure? Tips for avoiding foreclosure Foreclosure [...]

How To Select The Right Credit Repair Company

Selecting a credit repair company is a tremendous task. Your endeavor to repair your credit needs dependable information and news on credit repair. With scores of credit repair frauds at the present time, you don’t understand who to depend on or utilize as an important resource. Obviously, credit reporting agencies and creditors have put up [...]

Has the Markets Rebounded? Are We OUT of the RECESSION?

If we have learned anything – here on Main Street, it is not to follow headlines! Isn’t that what got us all to where we are at? Just cause the markets had a week or so of gains doesn’t mean we should all head for the malls and do it all over again. From now [...]

Homeowners and Professionals

When it comes to financing it will affect each and every one of our lives, regardless of our backgrounds. This is the one universal component that links us all (besides the man upstairs offcourse). With that said if you don’t get a handle on the definitions and breakdowns of the most important transaction in your [...]