RECENT BLOG POSTS
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 recentl...
12/05/2008
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 all asp...
12/05/2008
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 consum...
12/05/2008
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...
12/05/2008
  Just when you thought the housing and mortgage crisis was limited to only homeowners, a new victim has been brought into the fray, one who doesn't own a home or have a mortgage. Who are these new, unsuspecting victims? The people who are actually renting homes! Thousands of homeowners (namely i...
11/24/2008
  Consumers "shopping" for a mortgage have taken on a new twist, leading to the creation of an information-sharing network by competing mortgage lenders. In a desperate attempt to secure some forms of mortgage financing, loan applicants have turned to tailoring their loan application and loan doc...
11/24/2008
  Many of today's Florida licensed mortgage brokers and Loan Originators lack the necessary skills to truly assist consumers in securing the best financing arrangements possible, due in large part to the fact they are poorly trained, lack the most basic skills necessary to truly understand all fa...
11/24/2008
Homebuyers turned away due to lack of credit or credit scores do have a rather unconventional way to be approved without traditional credit or even a credit score. Nontraditional credit is a widely used form of credit verification used by certain mortgage lenders for loan applicants who prefer n...
11/24/2008
  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 you...
11/24/2008
  Getting a mortgage loan approval is about to get a lot tougher as both Fannie Mae and Freddie Mac have opted to toughen underwriting guidelines for conventional mortgage loans as a direct result of the current housing and mortgage crisis. Revised mortgage loan underwriting guidelines will call ...
11/24/2008
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Mike Sikorski

MBA, GRI, CRS
local_phone(941) 206-6000
smartphone(941) 875-1203
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