Delaware Mortgage Loans

There is no Delaware Transfer Tax on a refinance, this is a common question but there can never be a transfer tax on a refinance because transfer is when the property changes hands from one owner to another.  The tax on a refinance is called a mortgage tax.  Delaware doesn’t have [...]

There will be a free seminar for real estate professionals on The Keys to Government Financing.  The seminar will be on August 20, 2008 and will from 12:30 PM till 2:00 PM with lunch provided and again at 6:30 PM till 8:00 PM with Dinner provided.   The seminar is being held at 256 Chapman Rd, Suite [...]

IndyMac Bank was seized by the Federal Government on July 11, 2008.  All of its assets were seized and its retail branches were closed.  The bank will reopen on Monday under the control of the FDIC.  The bank has been in trouble because of its exposure to the subprime lending crisis and the mortgage market [...]

Quit Claim deed is a legal document that helps to transfer your share of interest in the property (house, land, mobile home, etc) to another individual. The person giving away the interest is the grantor while the one who accepts it is the grantee. While the interest is transferred, no warranty is made [...]

Even though FHA made major change to their appraisal requirements, some Realtors, Sellers, and Buyers are still concerned about Loans that require an FHA Appraisal.  Most of these people still have concerns because they are not aware of the changes that occurred in January of this year, or they have not seen these change first [...]

I am pleased to announce that Nehemiah was victorious in its litigation against HUD!
Judge Lawrence K. Karlton of the United States District Court for the Eastern District of California upheld Nehemiah’s motion for summary judgment. The Court Clerk’s Office is directed to enter judgment and close the case.
To be clear, the U.S. Department of Housing [...]

There will be a Free Seminar on Understanding Credit & Credit Repair on March 8,2008 at Citizens Lending Group’s Office in Newark, DE from 10:00 AM till Noon.  The seminar will cover the current credit scoring model and go over in detail each of the 5 scoring categories along with how much each category is [...]

There will be a Free First Time Home Buyer Seminar on Saturday March 22, 2008 at 10:00 AM.  The seminar will last about 2 hours and each participate will be able to recieve a free copy of their tri-merge credit report.  The seminar will cover all of the basics of buying a new home in Delaware.  [...]

What is PMI (Private Mortgage Insurance)?

PMI is “foreclosure insurance” for the Lender and only benefits the Lender.  In the event you default on your loan, the insurance company will pay the Lender.  PMI is usually required on loans with less than a 20% down payment.  When you borrower more than 80% of the purchase price [...]

“If you don’t like the weather, wait a minute”…That’s a saying heard often in places where the weather can turn on a dime, making it very difficult to forecast. And while the weather patterns can change direction quickly, the recent movement of stocks and bonds rivals the rides at an amusement park.
“Turbulent” and “volatile” best [...]