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Danny Frank's Blog

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So You Want to be a Real Estate Investor
Effective February 1, 2010 the Department of Housing and Urban Development (HUD) will relax FHA rules that prohibit insuring mortgages on homes that are owned by the seller for less than 90 days – a move that could help expedite the rehabilitation Read More...
HUD Changes Flip Policy
Effective February 1, 2010 the Department of Housing and Urban Development (HUD) will relax FHA rules that prohibit insuring mortgages on homes that are owned by the seller for less than 90 days – a move that could help expedite the rehabilitation Read More...
How Much Home You Can Afford
One of the first mistakes first time home buyers make, is to try and buy to MUCH home. As a first time home buyer you may qualify for a lot more home than you need to buy. I advise my clients to buy a home that fits their needs and still allows them to Read More...
Homebuyer tax credit recently expanded, extended
From:HAR Chair report Last month, President Obama signed a bill that extends and expands the homebuyer tax credit. This year’s version includes the same $8,000 tax credit, but has also undergone changes that make the program available to a significantly Read More...
Take care of your home
There are two times when you should pay particular attention to home maintenance: before you buy the home and when you’re selling it. Oh, and all the time in between as well. Yes, taking good care of your home is essential if you want to preserve Read More...
Getting a loan to buy a home
Could you pay cash for a home? Not many people can. Thankfully, we have mortgages at our disposal to make such a hefty purchase. But we’re all painfully aware of problems in the mortgage industry these days. What does this mean for your planned Read More...
Before you apply for that loan
A strong financial history can be the key to securing a mortgage loan when buying a new home. Even if you can purchase a home with little or no money down, you still need a strong credit history to pay the balance. And, although you can't erase decades Read More...
That’s not the way it is
There are some misconceptions out there—beliefs about the real estate business that could affect your decisions when buying or selling a home. I’d like to clear up some of the most widely held misconceptions about how real estate really works. Read More...
Do you work from Home
If you work from home and want to get a new home loan, you could be in for a bit of a hard time. According to an article in Realty Times, http://realtytimes.com/rtcpages/20071004_mortgmala.htm , Home-based business owners could finding a new home loan Read More...
You need the facts about the mortgage market before you buy or sell a house
T he current upheaval in the market has given rise to significant opportunities to help you make informed decisions. It is up to you to become an educated seller or buyer. For Sellers, the following points are key: Home values will stay stagnant or potentially Read More...
Fremont Sells Lending Unit, Replaces Top Managers
By Bradley Keoun May 22 (Bloomberg) -- Fremont General Corp., whose loans to risky borrowers helped trigger the subprime mortgage crisis, will sell its commercial real-estate unit for $1.9 billion and bring in new managers led by billionaire banker Gerald Read More...
Poverty rate affects more FEMA funds
By John Tompkins The Facts Published February 11, 2007 Local non-profit groups might be turning out the lights on rent and utility assistance programs offered to low-income residents in Brazoria County. About $120,000 in funding provided for rent and Read More...
TITLE INSURANCE RATES REDUCED
TEXAS ( San Antonio Express-News ) – Texas regulators have ordered title insurers to reduce their rates by 3.2 percent effective Feb. 1. The order, signed by Texas Insurance Commissioner Mike Geeslin, will cut the cost of title insurance for a typical Read More...
Reverse mortgage provides seniors with liquidity
Tuesday, January 23, 2007 / CHRISTINE DUNN (The Providence Journal) BRISTOL, R.I. -- In 1964, Alexander Paiva paid $18,500 for his ranch-style house in Bristol, R.I. More than 40 years later, the property has an appraised value of $285,000. Paiva, 64, Read More...