October 2009 
There are 2 blog entries for October 2009.
FHA Spot Approvals go away November 1!
Friday, October 30th, 2009 at 2:32pm. 582 Views, 2 Comments.
Unfortunately, the guidelines pertaining to condo purchases with Fha financing are changing for the worse. We knew changes were coming, but until recently we didn't know what exactly those changes would be. Now it's been revealed that part of the change includes doing away with the so called "spot approvals" for condos. It used to be that if a condo development was not already on HUD's list of approved condos, then the borrower could request a spot approval that would then place the devlopment on the list after an inspection. This allowed for Fha financing to be used even when the building is not already on the approved list. Now that this option is going away, there will be no way to obtain the financing unless the development is already approved, and I…
A Little Fall Humor
Thursday, October 15th, 2009 at 3:31pm. 642 Views, 0 Comments.
A colleague of mine sent me this Youtube video that I thought was pretty funny.
The Oakland Real Estate Market is HOT
I'm happy to say, that there is definitely a significant increase in activity compared to this time last year. Multiple offer... Add Comment Read MoreShort Sale Debt Cancellation Set to Go Away
Originally, when you did a short sale you were taxed on the amount that you were forgiven by the lender. This was a seri... 13Comments Read MoreChanges To FHA Mortgage Insurance Premium
The Federal Housing Administration recently announced an increase in the upfront Mortgage Insurance Premium. Mortgage insuran... 4Comments Read More
