Contrary to popular belief, your personal credit score IS important when you’re a real estate investor! For far too long Real Estate Gurus have preached to the masses that credit scores are not important. Why has this myth prevailed? To put it very simply – because people are stupid enough to believe them!
Who wants to [...]

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The HVCC has driven a loophole into the mortgage process by insisting that there needs to be a middle man between the appraiser of a home and the loan office. In the field, we’ve seen this have a negative effect on loans time and time again. We are constantly seeing appraisals where the appraiser ignored [...]

The HVCC made it legally necessary to have a middle man between the loan officer and the appraiser in a loan. However, this rule has been used by banks to get extra money from you! There has to be a middle man company between the loan officer and appraiser. This middle man company eats up [...]

What is destroying American mortgages? It’s not the ever rising foreclosures in America (which are at all time highs), not unemployment, not the Banks that are going under, not AIG or the CIT rescue.
The number one thing that is destroying mortgages in America today is the Home Valuation Code of Conduct (HVCC)! Why should you [...]

Many people seek out a lease option agreement because they can’t get a home through traditional means. Since credit is getting tighter and the qualifications for ANYONE to get a mortgage are being raised, you can help your tenants qualify for the lease option, and get financed, by putting them in a credit report program.
Let [...]

Once you get a lease option tenant in your property, it’s best to have a third party collect the payments from your tenants.  This can help with proving that you are doing things by the book and aren’t trying to defraud the lenders.
Since lenders are always looking for anything fishy, eliminate the possibility by having [...]

More and more lenders are moving towards requiring that the Lease Option tenant be able to prove residency at the property with at least one utility bill in their name at the address of the property that is being refinanced.  This is because of the fraud that used to take place when investors would just [...]