Comments on: Foreclosures and Safety http://www.twincitiesrealestateblog.com/2009/foreclosures-and-safety/ Housing News, Opinion, Statistics and Homes for Sale Tue, 07 Feb 2012 17:03:27 +0000 hourly 1 http://wordpress.org/?v= By: Brad http://www.twincitiesrealestateblog.com/2009/foreclosures-and-safety/#comment-275 Brad Sun, 24 Jan 2010 05:58:43 +0000 http://www.twincitiesrealestateblog.com/?p=530#comment-275 It's hard to make home sales when your clients can't get a loan. I am sure running into this problem a lot. It’s hard to make home sales when your clients can’t get a loan. I am sure running into this problem a lot.

]]> By: Brad http://www.twincitiesrealestateblog.com/2009/foreclosures-and-safety/#comment-274 Brad Mon, 27 Apr 2009 02:27:16 +0000 http://www.twincitiesrealestateblog.com/?p=530#comment-274 I agree Ben. The home loan situation overall is much more stringent. Many of my home sales that I would have expected to be easy turned into big headaches. I just hope the lenders don't throw away common sense when approaching loans on home sales. This mortgage loan situation we find ourselves in is been a big mess, but we don't need to swing too far the other way either. I agree Ben. The home loan situation overall is much more stringent. Many of my home sales that I would have expected to be easy turned into big headaches. I just hope the lenders don’t throw away common sense when approaching loans on home sales. This mortgage loan situation we find ourselves in is been a big mess, but we don’t need to swing too far the other way either.

]]> By: Ben Goheen http://www.twincitiesrealestateblog.com/2009/foreclosures-and-safety/#comment-273 Ben Goheen Sun, 19 Apr 2009 19:54:56 +0000 http://www.twincitiesrealestateblog.com/?p=530#comment-273 Appraisal requirements for an FHA loan are still way more stringent than for a conventional loan: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/09-09ml.doc I've done 2 appraisals this week that had several general safety concerns which need to be repaired before the loan is approved. It doesn't make for a happy seller (or buyer sometimes) but those are the guidelines. Appraisal requirements for an FHA loan are still way more stringent than for a conventional loan: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/09-09ml.doc

I’ve done 2 appraisals this week that had several general safety concerns which need to be repaired before the loan is approved. It doesn’t make for a happy seller (or buyer sometimes) but those are the guidelines.

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