Monthly Archives: October 2012

According to a mortgage broker on Trulia.com, you may only convert an existing home to a rental home if you have at least 30% equity. If you do have 30% equity you will need to provide a fully executed lease … Continue reading →

Mortgage Assistance Relief Services (MARS) establishes rules for “for-profit” companies that, in exchange for a fee, offer to work on behalf of consumers to help them obtain modifications to the terms of mortgage loans or to avoid foreclosure on those … Continue reading →

Credit Default Swaps (CDS’s) (i.e., quasi Insurance Contract) require seller of the CDS’s to pay the buyers of them some sort of compensation if the municipality misses an interest payment or restructures the debt…That’s a nice way of saying, someone’s betting … Continue reading →

Cobb County residents – call Code Enforcement 770-528-2180. “The code allows up to 3 of any combination of cars, boats, recreational vehicles on a hardened surface. In the R-30, R-20, R-15, R-12, RD, RA-4, RA-5 and RA-6 districts, only one … Continue reading →

MERS is a privately held company. – too bad we really can’t see who actually owns them… because we may find out why they are secretive? MERS has changed its incorporated name again to MERSCORP Holdings, Inc. on 2/27/2012 which … Continue reading →

If the investigations result in confirmation of charges, I hope the Senate’s Ethics Committee (as well as the House’s Oversight and Government Reform Committee) investigations of the 30+ Countrywide VIP loans to US House & Senate member/staffers & the trial of three … Continue reading →

Per the Mortgagee Letter 2011-19, if Buyer are purchasing HUD properties (i.e., homes that were foreclosed under an FHA loan), and placing $100 down, then the Buyer can roll the UFMIP (Up Front Mortgage Insurance Premium) into the loan provided … Continue reading →