Bankruptcy And Short Sales

I was told you could file bankruptcy and complete a short sale. This doesn;t help me much of course because I want a principal reduction loan mod. For more information on this, ask Larry inkler about his principal reduction loan mod.

PRINCIPAL REDUCED

Did anyone else get a letter saying their principal would be reduced on their mortgage? This seems to be an urban myth but I thought I'd throw it out there. If you have received a principal reduction loan modification letter then please by all means let me know.

Principal reduction on a loan modifictaion with a letter assuring that the principal would be reduced seems to be a great idea. Maybe it will catch on. Again, by all means, leave a comment about your principal being reduced ona loan mod letter. Thanks!

Intersting Way to Avoid Florida Foreclosure

Interesting way that the Florida mortgage short sale was able to close with the verification of the income that meets the debt ratio. This is always the way that Florida short sales with the FHA loans should be verified prior to the down payment assistance. There are a few more points that Florida short sales and FAH lending go hand in hand so to speak.

Look for the discount on the FHA preforeclosure and you will find the short sale is enabling the borrower who is in default on the FHA loan to sell and avoid foreclosure. The lost note and the reestablishment clause in the foreclosure pleading in Florida was deficient for several reasons and fortunately Joe was able to file a foreclosure answer within the 20 days that Florida foreclosures require. This in effect enabled the Florida short sale to close on time.

Florida foreclosure financing is available this week and it is also helpful with avoiding Florida foreclosure. Ask Joe and he will tell you that FHA loans in Default will lead to foreclosure filings. Save Joe’s home and save another FHA loan from foreclosure via a short sale.

I JUST READ AN ARTICLE ABOUT HOW THE FHA loan defaulst were rising. Thi is a problem whether or not I noticed my caps lock was on. That's another issue and we'll be talking about FHA loan defaults and caps locks in another post.

FHA loan defaults are rising for sure.

Secret FHA Training Guide

Fha loan training fare trans-pass



That's the way my money lasts



Ain't got no car to get around



When I go to work I've gotta go downtown



Now I've missed my train



That's a darn shame



When I'm running late no sleep's to blame



If you've gotta wife you know I'm right about fha mortgage training.



Gotta special man well I can understand your need for FHA loan training



Uptown, downtown everybody's getting down



Say uptown say downtown



Well I've missed my fha loan training



I know I'm late I've gotta do something I know



I hate I'm gonna walk to work fifteen blocks



I already got a hole in my socks



Go ahead and laugh that's okay



Cause what I really wanna say I got bad feet my corns hurt



To top it off I'm lost for work



Let me tell you what I say



When I'm dealing with the funky sidewalk



Let me show you how to walk



When I gotta do my funky walk



Let me tell you what I say



When I'm dealing with the funky sidewalk I say sssssssss-sugar

The FHA loan training song is complete.

For more FHA loan training see other posts or songs.

FHA refinance investment property streamline

I was searching for the FHA streamline refinance guidelines when suddenly the following FHA information appeared. Lenders may offer streamline refinances and include the closing costs into the new mortgage amount. This was the FHA new regs that applied to most refinancing of investment property. This can only be done if there is sufficient equity in the property, as determined by an appraisal. Not everyone has sufficient equity in their FHA principal residence to refinance to a 5% interest rate or below. Streamline refinances can also be done without appraisals, but the new loan amount cannot exceed the original loan amount. Investment properties (properties in which the borrower does not reside in as his or her principal residence) may only be refinanced without an appraisal. There will be more posted on the FHA streamlined refinance program in the near future.

Breaking News on FHA Short Refinance!

Interstingly, we've found the FHA shortest person and the tallest person for FHA in one photo. Notice they both get along and they are tall and short. This are some similarities with FHA refinance of short and tall. Let me explain.

• FHA short Refinance
• Short Refi FHA loans
• The FHA shortest refinance

These are a few of the refinance options that are available with federal housing administration lending and loans. The refinance that has a payoff higher than the property value will undoubtedly become an FHA short refinance.

Let's just hope that the FHA payoff department gets along with the FHA refinance department as well as the talles person and shortest person in the world do in the photo above.

FHA short refinance information can be found all over the internet these days, but where do you find a person as tall and a peson as short as that? Check your FHA refinance paperwork throughly. That will be a subject for a future mortgage article.