New Condo Changes
Single family homes and PUD projects have always been a
slam dunk with FHA. Condominium projects
have been so close and yet so far for many FHA buyers. The challenge has always been that FHA would
only allow financing on their approved condo projects…and none of them were
approved! How did that work? Well, it didn’t – until now. FHA/HUD just announced new guidelines
allowing spot approvals on condos, making it easier for financing of those that
would gravitate to their price range the most.
For all the details, check out HUD’s Mortgagee Letter 2015-27 or call the Easterbrook Team at Sierra Pacific Mortgage at
(916) 850-6050.
Not Got a Clue? It May Get Harder to Get One CLUE (Comprehensive Loss Underwriting Exchange) CLUE is a claims-information report generated by LexisNexis®, a consumer-reporting agency. The report generally contains up to seven
years of personal-auto and personal-property claims history.
Currently, as a real estate agent, if you recommend your clients order a C.L.U.E. report when they order their NHD report you have several choices of companies to turn to for this service.
Recently, it has come to our attention that LexisNexis has decided to terminate its distribution agreements with these companies, compelling the consumer to go directly to LexisNexis for their reports. Beginning December 1, 2015 NHD companies will no longer be able to provide the C.L.U.E. Report to customers. You can read more about the change HERE.
Free Safety App
Currently, as a real estate agent, if you recommend your clients order a C.L.U.E. report when they order their NHD report you have several choices of companies to turn to for this service.
Recently, it has come to our attention that LexisNexis has decided to terminate its distribution agreements with these companies, compelling the consumer to go directly to LexisNexis for their reports. Beginning December 1, 2015 NHD companies will no longer be able to provide the C.L.U.E. Report to customers. You can read more about the change HERE.
Free Safety App
There are many opportunities for
Realtors to step into harm’s way showing homes.
There is a new app that you can download on your smartphone that will
alert your predetermined monitors if there is a problem while you are out and
about. – CLICK HERE. Here’s another great
video on personal safety with some simple safety steps that could affect your
personal safety – CLICK HERE.
Tips for Real Estate
Success
Genny Williams, business coach offers
some practical advice to make a 6 figure + income in real estate. As you are creating your goals for 2016,
maybe work in a few of these things or accentuate what you are already doing - CLICK HERE.
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