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  • The short-sale wrinkle - Holders of secondary financing can derail process

    Are you wondering why it takes so long to get short sales approved? The real reasons may be very different from what you might believe. It would seem when prices are down and millions of homeowners owe more than their home is worth that it is in everyone's best interest to approve a short sale. All the more so when Mortgage Bankers ...
    Posted to Dennis London (Weblog) by 488216 on April 8, 2010
  • Freddie Mac Eases Rules for Some Florida Condos

    Freddie Mac Eases Rules for Some Florida CondosFreddie Mac said on Wednesday it would relax some rules that have made it harder to get mortgages for condominium units in Florida. The move could make it easier for some owners to sell their units. Last year, Freddie Mac and its larger rival Fannie Mae tightened lending rules for condos, reducing ...
    Posted to Dennis London (Weblog) by 488216 on April 2, 2010
  • New Foreclosure Prevention Plan Announced

    President Obama is announcing an expansion of foreclosure-prevent tactics, including a plan to reduce principal balances and special aid for unemployed borrowers. The bulk of the responsibility for carrying out the new program will be assigned to the Federal Housing Administration, which will insure lenders against part of the losses. The plan ...
    Posted to Dennis London (Weblog) by 488216 on March 26, 2010
  • Extended and Expanded Tax Credit Expires 4/30/10

    The Clock is Ticking... Extended and Expanded Tax Credit Expires 4/30/10 For prospective homebuyers who are on the fence about making a home purchase, the next few months represent a countdown of sorts as huge tax credits are about to expire. Here are important details for you to know: Tax Credit for First-Time Homebuyers (FTHBs) FTHBs (that ...
    Posted to Dennis London (Weblog) by 488216 on February 8, 2010
  • How the Subprime Mortgage Mess Began

    The federal government made the subprime mortgage mess inevitable when it imposed social engineering rules on private mortgage contracts. The long process began with the 1975 Home Mortgage Disclosure Act (HMDA), the 1977 Community Reinvestment Act (CRA) and the regulatory bureaucracy that these two legislative acts required. Over the next thirty ...
    Posted to Dennis London (Weblog) by 488216 on October 3, 2008
  • Best Idea Yet for Property Tax Reform - Wake Up and do something about it!!

    There is no doubt we NEED Tax Reform! There is no doubt that our Legislature in Florida has FAILED to do anything meaningful! We need HELP!!! Property Owners pay more than their share of taxes. Non-Homestead Property Owners are penalized with outlandish taxes. Florida is no longer Affordable Florida is no longer the Best Place to ...
    Posted to Dennis London (Weblog) by 488216 on November 22, 2007
  • Model Leasebacks available - Positive cash flow opportunity!

    Model Home Leasebacks Contact me NOW Available NOW - Limited supply!! Positive cash flow!! Investment Highlights: Investor with good credit is able to get into this with less than $3000 cash out of pocketNo Mortgage Payments during construction (9-12 months)No Tax Payments during construction (9-12 months)No HOA Payments during construction ...
    Posted to Dennis London (Weblog) by 488216 on July 8, 2007