Saturday, August 30, 2008

Pre-approved short sales seem to be the topic of the day around the real estate world. There are many real estate aopinions regarding preapprovng a short sale in Florida. Florida real estate short sales are common and the preapproving of short sales is the primary focus of this article.

Once the short sale in Florida has an approval, you can essentialy have a pre-approval of short sales transactions. When the approval letter for the short sale arrives you have the next step. More on this developing housing story soon.

Preapproving short sales in Florida. The main topic of the day is the approval letter for Florida short sales. Here is the preapproval of florida short sales location to explore. I am told that Wakkula Florida financing for short sales is available as well. This is far better than a foreclosure.

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Sunday, August 10, 2008

The FHA Handbook has been updated entirely. Remember that all credit policy changes including FHA Florida lending related to loans insured under Sections 203(b) and 234(c) of the National Housing Act and implemented by HUD Mortgagee Letters issued since September 1995 have been incorporated into this Handbook. For those credit policy revisions that were not previously announced by mortgagee letters for example, compliance with these instructions is voluntary immediately and becomes mandatory for all FHA loan applications signed by the borrowers on or after January 1, 2004.

Here are the relevant links for the FHA Manual, FHA Handbook, the FHA 4155.1, FHA 4155, FHA direct endorsement underwriters, and the HUD rules for Federal Housing Administration rules for writing fha loans.

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Sunday, August 03, 2008

This was an interesting article on deficiecny judgments in Florida.

Deficiency Judgments in Florida on Foreclosures.

Let's define deficiency judgment.

A deficiency judgment is a judgment lien against a debtor, defendant or borrower whose foreclosure sale did not produce sufficient funds to pay the mortgage in full. This option may or may not be available to the lender, depending on whether they have made a recourse or nonrecourse loan.

Now we are going to review the deficiency judgment research that is available on the internet with regards to foreclosure, judgment (incidentally some spell judgment as "judgement" but it is really spelled judgment and not judgement), and deficiency judgments as they pertain to foreclosure shortfalls.

Deficiency Judgment and foreclosure-realted articles will be posted soon. I've been looking into Florida Deficieny Judgments on florida mortgage loans.

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