Comments for Georgia Mortgage FHA http://kennycook.com NMLS ID 208452 - (678) 439-8683 Wed, 14 Jul 2010 20:34:39 +0000 hourly 1 http://wordpress.org/?v=3.0 Comment on Bad credit home loans by Jeff Belonger http://kennycook.com/2010/07/bad-credit-home-loans/comment-page-1/#comment-2412 Jeff Belonger Wed, 14 Jul 2010 20:34:39 +0000 http://kennycook.com/?p=550#comment-2412 Ken... excellent information as usual. We need to educate the consumer and realtor that it's not as easy as it sounds. And you made an excellent point that many of these ads and such are from companies that are lead generators for other mortgage companies. And just for the fact that they don't have to adhere to the strict lending laws when it comes to advertisement. Just enough to make the phones ring. Again, great job with this. Thanks, Jeff Ken… excellent information as usual. We need to educate the consumer and realtor that it’s not as easy as it sounds. And you made an excellent point that many of these ads and such are from companies that are lead generators for other mortgage companies. And just for the fact that they don’t have to adhere to the strict lending laws when it comes to advertisement. Just enough to make the phones ring. Again, great job with this. Thanks, Jeff

]]> Comment on Short sales and new loan approval by Ken Cook NMLS ID 208452 http://kennycook.com/2010/06/short-sales-and-new-loan-approval/comment-page-1/#comment-2402 Ken Cook NMLS ID 208452 Fri, 09 Jul 2010 15:52:01 +0000 http://kennycook.com/?p=508#comment-2402 Kevin it shows in the credit report. What I have found is most borrowers offer it when the declaration questions are asked which includes asking if any deed-in-lieu of foreclosures have occurred. Kevin it shows in the credit report. What I have found is most borrowers offer it when the declaration questions are asked which includes asking if any deed-in-lieu of foreclosures have occurred.

]]> Comment on Short sales and new loan approval by Kevin http://kennycook.com/2010/06/short-sales-and-new-loan-approval/comment-page-1/#comment-2398 Kevin Fri, 09 Jul 2010 01:20:19 +0000 http://kennycook.com/?p=508#comment-2398 Question...Is a borrower when applying for a loan asked if they have been involved in a pre-foreclosure or Short Sale in the past 7 years?? Thanks. Question…Is a borrower when applying for a loan asked if they have been involved in a pre-foreclosure or Short Sale in the past 7 years??

Thanks.

]]> Comment on Short Sales pitfalls to avoid (agents and buyers) by mortgages buyer agent – Latest mortgages buyer agent news – Foreclosure Process — Information for Investing in Preforeclosures … http://kennycook.com/2010/03/short-sales-pitfalls-to-avoid-agents-and-buyers/comment-page-1/#comment-2351 mortgages buyer agent – Latest mortgages buyer agent news – Foreclosure Process — Information for Investing in Preforeclosures … Thu, 01 Jul 2010 09:06:25 +0000 http://kennycook.com/?p=418#comment-2351 [...] Short Sales pitfalls to avoid (agents and buyers) | Ken Cook … [...] [...] Short Sales pitfalls to avoid (agents and buyers) | Ken Cook … [...]

]]> Comment on No flood insurance available to millions because … by tony http://kennycook.com/2010/06/no-flood-insurance-available-to-millions-because/comment-page-1/#comment-2322 tony Fri, 25 Jun 2010 18:25:19 +0000 http://kennycook.com/?p=514#comment-2322 I am trying to close on a new home and it is federally required that I have flood insurance because congress mandated that lenders who lend to people in a flood risk area must have flood insurance. My property is in ft lauderdale. Aparently there is no flood insurance available because the govt fell asleep at the wheel again or was too busy spending our money. I cant close because something that is now mandated by the govt isnt available because of the govt. Im thinking a huge class action lawsuit against the federal govt. just what the economy needs. People who are trying to buy houses cant just stagnating the economy even more. This administration is a JOKE I am trying to close on a new home and it is federally required that I have flood insurance because congress mandated that lenders who lend to people in a flood risk area must have flood insurance. My property is in ft lauderdale. Aparently there is no flood insurance available because the govt fell asleep at the wheel again or was too busy spending our money. I cant close because something that is now mandated by the govt isnt available because of the govt. Im thinking a huge class action lawsuit against the federal govt. just what the economy needs. People who are trying to buy houses cant just stagnating the economy even more. This administration is a JOKE

]]> Comment on Short sales and new loan approval by Terri Hostbjor http://kennycook.com/2010/06/short-sales-and-new-loan-approval/comment-page-1/#comment-2283 Terri Hostbjor Fri, 18 Jun 2010 20:55:14 +0000 http://kennycook.com/?p=508#comment-2283 How do these "rules" apply to VA secured loans? We recently (March 2010) had a short sale with a conventioanl mortgage; the first mortgage was paid in full; the 2nd mortgage took a settlement less than full amount. We just tried to secure a VA mortgage and have been told based on the very subjective mood of the underwriter; we have to wait 2-3 years. Loss of job was cited in our letter to mortgage company; but that according to underwriter, it didn't 'qualify' under as an extenuating circumstance. We accept the two year waiting period; but just wondering if there is seperate quidance for VA mortgages? How do these “rules” apply to VA secured loans? We recently (March 2010) had a short sale with a conventioanl mortgage; the first mortgage was paid in full; the 2nd mortgage took a settlement less than full amount. We just tried to secure a VA mortgage and have been told based on the very subjective mood of the underwriter; we have to wait 2-3 years. Loss of job was cited in our letter to mortgage company; but that according to underwriter, it didn’t ‘qualify’ under as an extenuating circumstance. We accept the two year waiting period; but just wondering if there is seperate quidance for VA mortgages?

]]> Comment on Guaranteed loan program from USDA out of funding by Ken Cook NMLS ID 208452 http://kennycook.com/2010/03/guaranteed-loan-program-from-usda-out-of-funding/comment-page-1/#comment-2071 Ken Cook NMLS ID 208452 Wed, 21 Apr 2010 13:12:53 +0000 http://kennycook.com/?p=438#comment-2071 Patricia my best advice is to call USDA in your local area. http://www.usda.gov - ask them their thoughts. I hope this helps and you get it in time enough to get your best answer. Patricia my best advice is to call USDA in your local area. http://www.usda.gov – ask them their thoughts. I hope this helps and you get it in time enough to get your best answer.

]]> Comment on Guaranteed loan program from USDA out of funding by Patricia Foursha http://kennycook.com/2010/03/guaranteed-loan-program-from-usda-out-of-funding/comment-page-1/#comment-2052 Patricia Foursha Wed, 14 Apr 2010 01:36:47 +0000 http://kennycook.com/?p=438#comment-2052 Based on your experience, do you think there is any way on God's green earth that we will be able to acquire a USDA loan early May? I ask b/c I am in the process of building a house, that was set to close on 04/28/10. I just found out yesterday that my lender broke the law, as well as committed fraud. Therefore, I spent 4.5 hours in a new lender's office yesterday figuring out how to "fix" what the other lender did. This now means I cannot not close until sometime in the first 2 weeks of May. They are going to try for the USDA loan, but I am just curious what the actual odds are of this going through at that time? I just don't trust people's word on the lender end much these days, ya know??? :) Thank you for your time, Patricia Foursha Based on your experience, do you think there is any way on God’s green earth that we will be able to acquire a USDA loan early May?

I ask b/c I am in the process of building a house, that was set to close on 04/28/10. I just found out yesterday that my lender broke the law, as well as committed fraud. Therefore, I spent 4.5 hours in a new lender’s office yesterday figuring out how to “fix” what the other lender did.

This now means I cannot not close until sometime in the first 2 weeks of May. They are going to try for the USDA loan, but I am just curious what the actual odds are of this going through at that time? I just don’t trust people’s word on the lender end much these days, ya know??? :)

Thank you for your time,
Patricia Foursha

]]> Comment on Guaranteed loan program from USDA out of funding by Ken Cook NMLS ID 208452 http://kennycook.com/2010/03/guaranteed-loan-program-from-usda-out-of-funding/comment-page-1/#comment-2023 Ken Cook NMLS ID 208452 Tue, 30 Mar 2010 00:36:29 +0000 http://kennycook.com/?p=438#comment-2023 Tom there are thousands of folks searching for that answer and trying to make something happen. There are members of Congress who have constituencies heavily dependent on rural development so while I do not have names I am certain those ladies and gentlemen are not so busy with other things as to push for this needed funding. Tom there are thousands of folks searching for that answer and trying to make something happen. There are members of Congress who have constituencies heavily dependent on rural development so while I do not have names I am certain those ladies and gentlemen are not so busy with other things as to push for this needed funding.

]]> Comment on Guaranteed loan program from USDA out of funding by Tom Winberry http://kennycook.com/2010/03/guaranteed-loan-program-from-usda-out-of-funding/comment-page-1/#comment-2019 Tom Winberry Mon, 22 Mar 2010 22:50:24 +0000 http://kennycook.com/?p=438#comment-2019 Is additional funding for the program being worked on in Congress? Thanks. Is additional funding for the program being worked on in Congress?

Thanks.

]]>