Saturday, July 19, 2008

Quite a bit of discussion today about the FNMA flips and the short sales after FNMA. This has something to do with Florida short sales but not a lot, I think. Let me explain.

You see, FNMA has the policy on short sales. They want you to complete a short sale. Especially if you have a FNMA MY Commmunity mortgage loan in default. When you sell the mortgage loan in Florida for les than the mortgage balance, you have a Florida short sale. FNMA does these types of short sales in Florida all the time.

Take a look at the requirements for FNMA FLips and short sales. Did you know that FNMA allowed a flip transaction? You can get the property through FNMA and then flip it to someone else. That's called a FNMA Flip transaction and there are rules for that.

You can learn about short sale in Florida, FNMA Flips, FNMA short sales, and FNMA MyCommunity mortgage all in the next article. Have a great day!

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Saturday, July 12, 2008

Real estate short sales throughout Florida are being completed with an option contract for real estate short sales. This is the primary vehicle for short sale transactions today. I am interested in learning the difference between the short sale of real estate and the option contract for the Florida short sales. You may find that a foreclosure law that places the short sale in jeopardy may be something that Florida attorneys facing lis pendens should investigate. This is the equivalent to a short sale foreclosure avoidance strategy and may help in answering a summons for a Florida foreclosure.

Experiencing short sales with an option contract can formulate a loss mitigation assistance mechanism for the short sale transaction. I am hopeful that you can see that this post is regarding a Florida foreclosure and a short sale of real estate using the option contract.

Please remind me why this short sale article was written in the first place. Larry Linkler has had a tough day in the FLorida real estate market. Check in later for more on Short Sales in The Realtor landscape. Please use your option contract wisely.

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Friday, July 04, 2008

Looking around at your current fha apr still? By now you should have figured out what a current fha apr is and how to calculate the apr for an fha asjustable rate mortgage. If the fha mortgage is fixed then the current fha apr is calculated by subtracting the PFC from the total loan amount and then you get an ‘amount financed’. Figure the payment schedule and calculate a yield. That is your current FHA Apr.

Once you have the current fha apr you have finished half of the battle. The rest of the battle is won by figuring out the current fha apr and taking the fixed rate protion of the loan and amortizing it over the expected term. This is the effective yield and relates to the current fha apr in a number of ways. The current FHA APR is also calculated differently by different FHA mortgage lenders.

Here is a nice place to start with current fha apr. After you have finainshed with the annual percentage rate or apr for fha, then go on to find the current rate or apr for the current apr calculation. Use you financial calculator for this equation.

Proceed to the current fha apr lender list and compare rates and be comfortable with your fha mortgage lender.

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