Category: Regulation

Many real estate professionals, lenders, and tax payers fear that the proposed income tax plans could drastically affect the housing market in a negative way.  These fears include more Americans choosing to rent instead of own, interest rates going up, and owners losing a ton of equity.  That is enough to scare anyone!  Although the tax plans […]

Whether everyone likes it or not, the TILA RESPA Integrated Disclosure Rule or TRID, is going to happen on October 1, 2015.  TRID which is mandated as part of Dodd-Frank, is meant to help consumers to understand the key features, costs, and risks of the mortgage loan for which they are applying and is changing […]

FHA Flipping Rules Explained There are two main categories of real estate investors.  The first is a long term hold strategy.  Secondly, there is flip which is a short term sell for profit strategy.  A property flip is when investors purchase a home, renovate it, and then sell it for a profit.  Both investments are wealth […]

Abandoned UST Issues Explained UST sounds like a disease, doesn’t it?  Although, it can cause major issues on a purchase.  Therefore if a buyer uses a VA or USDA loan and the property has an abandoned UST, read closely.   Usually, the appraisal or the purchase contract will declare an abandoned tank exists.  If so, […]

Social Security disability income protects individuals no longer able to work at the same prior level.  In the past lenders had difficulty in meeting a mortgage loan approval.  This requirement included proof that the income “should” continue for at least 3 more years from closing.  But now this practice is not allowed as per the […]