ARCHIVED BLOG POSTS
2014
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George Souto of McCue Mortgage is one of the premier loan officers in Connecticut. Not only this, his superior blogging efforts result in an incredible library of information pertinent to all facets of the mortgage loan process. George blogs regularly and posts the most up-to-the-moment detai...
04/21/2014
Does an Outstanding Loan Prevent an FHA Condo Approval? Last month, I was invited to attend a roundtable session in Washington D.C. as an industry expert for FHA Condo Approvals. Prior to going, I inquired with my business associates and referral partners as what questions they would like to hav...
04/13/2014
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Mark Taylor, a mortgage professional from Scottsdale, AZ, posted this great article about Reverse Mortgages. Like any loan program, Reverse Mortgages have many facets and Mark does an excellent job detailing the basics of the program. While this article provides a great description of the progra...
04/10/2014
3
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FHA Does Not Allow “Private Transfer Fees” In many condominium projects across the country, legal documents require that a seller of a condominium unit pay a “private transfer fee”. This fee can be called many different names such as “community development fee” or the like. Basically, this fee i...
04/09/2014
11
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“No Lines on the Road” As a newly-licensed real estate agent, I was bartending a lunch shift and noticed one of the patrons reading a homes magazine. I struck up a conversation with Bob and learned that he worked for a national shipping company and was being relocated to Connecticut. I talked a...
04/06/2014
Fernando Herboso is a very talented real estate agent in Maryland. I read his articles weekly because he posts a very large array of topics about real estate. The post below is a great example of a topic that you may not typically see. Many agents write about buying tips and how to sell a home....
04/04/2014
This fantastic article by Greg Nino of ReMax in Houston posted this very accurate article about what the real estate business is really like. He is approached on a regular basis by people inquiring with him about getting into the business. He wrote the article to be able to send people to it fo...
04/04/2014
Our Condominium’s FHA Concentration is 75%, What Do We Do?A few months ago, I helped a condominium project in Connecticut to get recertified with FHA. The on-site property manager was a delight to work with.Today, Jeanne forwarded to me an email that she had received from a loan officer who was ...
04/02/2014
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Real Estate agents sometimes appear to be avoiding questions asked by their clients or potential clients. This could make the agent less knowledgeable or that he/she is giving you the run-around. The fact of the matter is agents MUST be very careful about what they say because there are many la...
03/31/2014
27
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How Does FHA Handle "Cloud" Condominiums? It appears that the “cloud” concept has spread wider than in the area of computing. A newer type of condominium community, called a cloud condominium, has been popping up and is already approved in certain large cities such as Denver, Orlando and San Die...
03/31/2014
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ReadySetLoan Team
Residential, Commercial & Condo Financing Experts