Mike's Blog

    How far will you go to get the dream home you have always wanted, or the lowest interest mortgage available?  Are you willing to claim assets you do not have, or income that you truly cannot prove to be true? If so, you could be facing a lengthy prison term and a very heavy fine. The moment y...

    How far will you go to get the dream home you have always wanted, or the lowest interest mortgage available?  Are you willing to claim assets you do not have, or income that you truly cannot prove to be true? If so, you could be facing a lengthy prison term and a very heavy fine. The moment y...

Proposed changes to the Real Estate Settlement and Procedures Act will provide tremendous benefits to consumers as it pertains to the disclosure of closing costs, interest rates, and prepayment penalties that are associated with a new mortgage or the refinance of a current mortgage. On March 12,...

The loan approval from your bank or mortgage lender to finance a home purchase may not include many homes for sale in "As-Is" condition, so it is critically important that you recognize this before committing yourself to a purchase contract. Several purchase contracts have failed to close recent...

  A very effective method of selling real estate in a buyer's market is to consider offering owner financing, which can offer both the buyer and seller many benefits in the selling and financing of real estate.  Unlike many seller's who may end up giving a deep discount to sell their property out...

One of the most important and yet least used disclosures in a real estate transaction could be used to help buyers, sellers, and even real estate professionals better understand the immediate Created in 2006 and also known as FAR form BDS-1x, the Buyers Disclosure Statement was designed to assis...

  The interest rates and closing costs that you shop for today for a mortgage loan could be dramatically different when you get to the closing table.  Unscrupulous mortgage broker and bank loan officers are intentionally quoting low interest rates and even lower closing costs as a way to get con...

     Question: What do you get when you combine a dishonest mortgage broker, dishonest title agent, and a dishonest real estate appraiser?  Answer: heavy fines as well as a lengthy prison sentence! Law enforcement officials and government regulators are cracking down hard on people involved in al...

          If you purchased your home in a sellers market and are trying to sell your home in today's buyer's market, it is highly likely that you will be faced with asking your mortgage lender for some debt for some debt forgiveness in selling your home, otherwise known as a short sale.  Putting ...

Most of the properties for sale as Short Sales as well as properties currently in foreclosure are unnecessary, so property owners should strongly consider all of their options before taking the steps towards certain financial ruin and seriously derogatory credit. The use of Federal and State lend...