Accidental landlords

Accidental landlords

Many people can’t sell because they are underwater so they have to rent. 27% of homeowners are still underwater despite recent price increases. In some areas, it over 50%. These people are targets for my new idea about how to make money with these properties....

New short sale rules

Fannie mae and Freddie mac have come up with new rules.: As reported by the LA Times, Fannie and Freddie have finalized their new “streamlined” short sale guidelines effective Nov.1st. Here are the highlights of the finalized criteria: Fannie Mae and Freddie Mac will...

No job? No mortgage payment

Freddie mac has joined fannie and fha giving a delay of up to one year in making your mortgage payment if you lose your job. The problem is that it gets added to the back end of the loan creating more upside down houses and thus prolonging the downturn. Bad idea. Read...