So Government mortgage giant Fannie Mae has just announced some interesting new mortgage underwriting guidelines in an April 14th bulletin to lenders. And among them is a tasty little tidbit that changes things for a certain slice of troubled mortgage borrowers — a time-frame change the investment community would do well to have on our [...]

So have you ever been to one of those hotel real estate investing seminars over an evening or weekend? No, not your local REIA or Meetup group.  I mean the ones we see advertised all the time in newspapers, late night TV or now even Facebook actually: “Free Home Buyer Seminar!” “Real Estate Secrets Revealed!”… [...]

Hold onto your hats, folks. This one’s pretty mind blowing… Have you heard about the “sweetheart deal” One West Bank got when they purchased Indymac’s junk from the FDIC? They were basically spoon fed a no-lose situation…but one that’s absolutely costing mom and pop taxpayers (i.e. you and me) more than a few arms and [...]

// On Friday January 15, 2010 we posted the FHA’s announcement to suspend their now infamous 90-day anti-flipping rule for 1 year, effective February 1, 2010. Yes, this is great news for investors trying to flip properties to FHA Buyers!  But after reading carefully through it myself, I see there are also some caveats and [...]

Friday, January 15, 2010 So I just got back from a late night donut run, and found some titillating news for investors awaiting my return… Apparently today the FHA has suspended the 90-day anti-flipping rule for 1 year, effective February 1, 2010. So for at least the next dozen months, FHA buyers can obtain loans [...]

Hey, guys – So the deal is, I’ve been unable to post here for quite some time.  Seems December was the month for our site to be targeted by some Saudi hacker who wanted to use our server to wage Jihad on the world wide web. But here we are, about a month and a [...]

So, as you likely know already, it was signed into law on Nov. 6 that not only extends the $8,000 stimulus tax credit for “first-time” home buyers until next spring, but also provides a $6,500 tax credit for some current homeowners who buy another home. While a lot of folks are interested in taking advantage [...]

My friend, fellow guitar strummer and Shortsaleology guy Cory Boatright just passed along this article from the Washington Post that’s worth reading… “Coming Up Short, More And More” This shoul be especially interesting for you short sale folks (like Cory)…or anyone who’s involved in loan mods……or heck, anywhere in the preforeclosure arena at all for [...]

OK here we go, folks. Hang onto your hats… A couple of days ago I got word from Peter Conti of an ominous piece of legislation that just flew through the House and is now apparently being fast tracked in the Senate. In summary Peter warned this bill threatens to not only severely limit the [...]

The U.S. Senate is considering a bill that would severely limit the way you do business as a creative real estate investor and, more importantly, is an inexcusable infringement of the property rights of all Americans. HR 1728, which you can view in its entirety here, deals with a plethora of mortgage-related issues, mostly around [...]