Sue's Blog

This is an article that I wrote for our local newspaper: Most people go to work each day and get paid for the time that they are there. How would you feel if your employer had you show up Monday through Wednesday and didn't pay you? I'm sure it wouldn't be appreciated by any means and most of us ...

Condominium Hotel (condotel) A condotel is a condominium project that operates as a commercial hotel. Therefore, while the units are individually owned, the building has temporary occupancy, rental or registration desks, telephone and catering services, as well as daily cleaning services. Condomi...

-From NW Florida Daily News, August 31, 2008: FLORIDA EXISTING HOME SALES LEVEL IN JULY COMPARED TO LAST YEAR: Single-family existing home sales rose in Florida for the first time in more than two years.  While only six more homes sold in July, 2008 than in July, 2007, it could indicate stabiliza...

UNITED STATES 30 August 2008 Florida beach town hosts world's first outdoor projection graffiti festival The characteristic white walls of the new town of Alys Beach in Florida will become a blank canvas for digital artists to create graffiti on Aug 1, and entries have come from around the world....

I sent this email to my entire client database today (I do financing for a lot of 2nd home and investment property owners that don't live here):   Good afternoon.  While we certainly don't expect it, I wanted to offer a service to those of you who live out of town and own homes or condos here in ...

I am new to blogging (I started last week, in fact!) but have a friend in the mortgage business in Tuscon who insists that blogging helps to get referrals.  I'm a little (okay, a LOT) older than him -- In fact, my first grandchild was born 4 weeks ago -- but he is adament that I can do it.  He su...

We are waiving our administrative fee ($150) and doc prep fee ($150) on all loan applications taken from September 1 through September 30, 2008.  This includes primary homes, 2nd homes and investment properties, single family residences, townhomes and condos. If you couple this fee waiver with to...

It's not uncommon to see buyers with less than 720 credit scores get pushed through the hoops only to find that the loan they once had.........no longer exists. No doubt about it: the ability for the Average Joe to get a mortgage in today's credit environment IN A TIMELY FASHION has dramatically ...

  DJIA NASDAQ S&P 500 NYSE VOLUME Every day, we as lenders receive that day's rate sheet from our investors.  In some cases, we receive 2nd, 3rd, and even 4th rate sheets on the same day from investors due to rates going up or rates going downduring the course of the same day.  As a lender for th...

FHA has no minimum credit score for buyers using this program.   However, most investors have a minimum score requirement of 580.  We have two investors who will go below this: one will go as low as 560 and one will go as low as 500.  However, there has to be a credit explanation letter with exte...