Ann Zeilingold's (chana) Blog

Did any of you have just one of those days, BNI at 7 AM and then non stop appointments, meetings etc. until after 7pm, coming home and knowing that tomorrow will be another day, just  like this!! Its on days like this that I feel that I need a 3 day weekend, and I just hate my blackberry!!

  New FHA Condo Approval Rules!   Realtors who are serious about their business must be aware of these new guidelines!!   In 2010, not to offer FHA financing on a condominium is in effect eliminating a huge chunk of buyers.  In today's tough mortgage and Real Estate environment you must expose th...

I was faced with a dilemma.  I was referred a client by a Realtor.  It was a short  sale. The Realtor brought me in to handle the negotiation of the short sale.  Things were not going right. To make a very long story short, the sellers told me on Friday that they enjoyed working with me but they ...

I have been in the mortgage business 22 years and I live and breathe mortgages.  I have re-learned my business in the last 2 years, between new products, guidelines, restrictions, credit score pricing and government intervention and regulations. My  business comes from previous client referalls (...

  Word to the wise, if you are purchasing a foreclosure that is winterized, try to arrange for the appraiser to go to the house when the utilities are on. Other wise, you will have to pay for the appraiser to go a second time to certify that the utilities are on and functioning. Dorit Katz, a loc...

Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).Coming just weeks before the April 30 deadline ...

As I drive around Ramapo, I see massive construction. I see large buildings that have multiple doors and I would (if I wasn't in my line of work), naturally come to the conclusion that these are multi-family properties with many rental apartments. The truth is, many of these properties are actual...

About 2 months ago I was referred by a business associate a new client who wanted to refinance his home. When I called him to set the appointment he mentioned that his neighbor also wants to refinance. I thought to myself, Wow this is great, 2 loans not just one!!  I met with him and I realized i...

As crazy as it seems, in the Banking world this seems to be the norm.Let me give you some real life mortgage examples; I was working on a mortgage for clients purchasing short-sale and we had already had a commitment. I, and my client think, that we will be closing in 2 to 3 days. My client's att...