Sunday, April 20, 2008

Partial claim frequent asked questions for fha loans includes the following infromation.

Answer: The collection process on a Partial Claim that is left "unpaid" at the time the mortgagor pays off their FHA first mortgage is the Department bills the mortgagor directly. The Partial Claim debt is not forgiven and the mortgagor is required to make a lump sum payoff.

Overall it is a great way to get current on your fha mortgage loan. The FHA secure is another way to help an in florida the fha secure programs will help many. You amy also look at florida short sales to help avoid foreclosure.

My partial claim program is not the fha loan and the fha loan has their own partial claim program. You can search teh fha website for fha loan and fha refinance for the fha partial claim.

FHA lenders available for bankruptcy buyouts fo fha loans.

You amy not be interested in an fha partial claim today so just keep the fha partial claim info on hold for now. RESPA may have something to do with all of this fha loan business.

Another idea that fha partial claim brings up is "The Mortgagee's responsibility for a Partial Claim ends when the following two events occur: (a.) HUD receives the executed subordinate mortgage and (b.) When any requests for payoff of the first lien occur, the mortgagee is obligated to notify HUD to obtain full payoff amount of the Partial Claim and supply that information to the mortgagor. " and try to keep that in mind about the fha partial claim program when investigating teh fha alternatives to foreclosure. The FHA secure is one more option to consider. Sometimes the fha subordination agreement can help to reduce the ltv for an fha refinance.



Thursday, April 17, 2008

Is anythinmg secure with FHA secure? Is that just a play on words? You know, using the words secure as if to be comofted. There are many things secure in life and we would all like our fha mortgage loan to be secure as well, but is it?

FHASecure has recently updated the qualifications to make the program more secure form of refinancing for borrowers desiring a secure fixed rate of interest. You can read about fhasecure and fha secure at FHA mortgage that is really FHASecure updated.

FHA Secure guidline changes.


Tuesday, April 15, 2008

Driving past the title comnpany in my FHA mobile, I found that a subordination agreeemnt was laying in the passengers seat. I immediately realized that it was for an FHA refinance and I rushed it to teh second mortgage closing at the title company.

When I arrived at the title company, extremely loud applause broke out and I was a little shocked. I then handed the fha subordination agreeement to the direct endoresement udnerwriter who gave me an adjustable rate mortgage drink and I sat down and had a sip.

I spit out the adjustable rate mortgage drink becuase the APR was way too high and the TIL was out of compliance. She was upset at me for making such a mess of the FHA subordination agreement and asked me to leave. Rather than making a scene, I quitely left.

Little did they know, the FHA subordination agreement was for another fha loan closing across town. Hopefully, the APR and adjustable rate mortgages won't be so haphazardly send to people when they should be getting a lower fixed rate through FHA.

Later I felt bad about the subordination agreement and turned around and brought it back to the FHA mortgage loan closing. Once again, the applcause was loud and then the FHA closing took place and all is well with HUD and FHA and their CLTV requirements now.


Monday, April 14, 2008

Take a look around and what do you see?


OK, take a breath and then wait a second and then open yoru eyes and NOW what do you see?


OK, take a chill pill for a second. Now open you eyes and tell me what you see.

Loan Officer Marketing!!!

This is weird.

Marketing for LOan officers is available somewhere if you open your eyes.


Monday, April 07, 2008

Uh well, dance all night play all dayDont let nothin get in the wayDance all night keep the beatDont you worry bout two left feetFha flip it upFha flip it up, oo yeah Fha flip it upFha flip it up
Well dance all night get real looseYou dont need no bad excuseDance all night with anyoneDont let nobody pick your funFha flip it up, oo-ooFha flip it up, yeah yeah Fha flip it up, oo-ooFha flip it up
Thats right I said dance all night (go go go)And dance all night (get real low)Go all night (get real hot)Well, fha flip it up now, all youve got, woo
DanceOo dance
Uh well dance all night and whirl your hairMake the night cats stop and stareDance all night go to workDo the move with quirky jerkJust fha flip it up, oo-ooFha flip it up, oo yeah Fha flip it up, thats right Fha flip it up
Uh well dance all night (go go go)Get so light (get real low)Dance all night (get real hot)Fha flip it up, all youve got, woo
Fha flip it up, make a sceneLet them know what you really meanAnd dance all night keep the beatDont ya worry bout two left feetFha flip it up, oo-oo(fha flip it up) oo yeahFha flip it up, oo-oo(fha flip it up) oh yeah(fha flip it up)Fha flip it up Fha flip it up baby(fha flip it up)Fha flip it up, oo-oo(fha flip it up)Fha flip it upFha flip it up baby(fha flip it up)Fha flip it up, oo-ooFha flip it upHhhm(fha flip it up)Yeah, yeahFha flip it up, oo-oo(fha flip it up) Fha flip it up(fha flip it up)Fha flip it upFha flip it baby(fha flip it up)Fha flip it uh oo-ooFha flip it up(fha flip it up)Oh yeah


Friday, April 04, 2008

The loss mitigation department for loan workouts and foreclosure had this to say today. "We are not going to prevent foreclosure unless the bankruptcy in florida is prevented". So I took the short sale in florida and walked down the road to visit the senior los smitigator.

He was in a bad mood becuase he had tell tale signs of foreclosure. You know what I mean about the short sale and the avoiding of foreclosure in florida.

Florida short sale and loss mitigation secret numbers