Avoid Mortgage Scams When You Buy, Sell or Refinance Your Home

It is easy in todays contantly changing economic landscape to become disillusioned, especially when it comes to mortgages. There are more than a few unscrupulous mortgage lenders out there. Add that to the seemingly unlimited number of options available and it can be hard to make the proper decision. 

The best advice I can give any buyer, or potential refi 'victim', is :

1- consult with your Realtor
2- educate yourself before making a decision.

A  good Realtor is an important part of your circle of professionals that help you plan your finacial future. Whether its providing you with valuable real estate investment advice or making sure you are aware of the current market conditions affecting the value of your home, its important to maintain a relationship with a knowledgeable Realtor.

Its also your job to educate yourself on the different mortgage products available and which ones are better suited to your needs. There are many sites on the internet available. A few links you might find helpful are below.

http://www.homebuyinginstitute.com/

http://www.fha.com/

http://calwilliams.wordpress.com/2010/07/26/avoid-real-estate-scams/

My Website has some valuable information as well.
Please visit http://www.calwilliams.com/



Below is a link to  an article from the National Association of Realtors. Please read and leave me your comments and questions.



Mortgage Fraud Scams: Law & Ethics: REALTOR Magazine


RealtorCalvin
cwilliams@homefindergroup.net
http://www.calwilliams.com/

Avoid a Short Sale, Stay in your Home. New FHA PROGRAM begins September 7, 2010

A recent article by The Pennsylvania Association of Realtors outlined a new program being rolled out by the U.S. Department of Housing and Urban Development (HUD). Offered through the Federal Housing Administration (FHA), This will allow some homeowners to refi their homes even though they may owe more than the market value. The program will allow for lenders to to write off at least 10 percent of the unpaid principal balance of the first mortgage.

Click on the link below to read the article, courtesy of the Pennsylvania Association or Realtors.

FHA launches short refi for underwater homeowners.

Please leave any comments or questions.

Cal Williams
Mechanicsburg Realtor
Straub and Associates Real Estate Group
www.calwilliams.com