Failure to qualify for a mortgage: Top 3 reasons · PERT Florida Real Estate School

West didn’t see a shell casing ejected, and said she assumed the gun wasn’t real. Then he fired at her head and the bullet. mother was the only witness to what happened. Police combed school.

Chapter 13 bankruptcy in Florida is a court-supervised payment plan where you pay your secured and unsecured creditors monthly based upon your income and reasonable expenses. It is often referred to as a “wage earner” bankruptcy. To qualify under Chapter 13 bankruptcy law in Florida, you must have sufficient income to make payments to your secured creditors (including paying any past due.

Your Florida homestead is entitled to receive certain exemptions from real estate taxes. The Florida Department of Revenue’s website provides a complete list of these exemptions. Under Florida’s "Save Our Homes" cap on assessments, the annual valuation of your homestead for property tax purposes can only increase by the lesser of 3 percent or the percentage change in the Consumer Price Index.

Do I need to be licensed? Generally, Article 12-A of the Real Property Law provides that anyone who, on behalf of another and for a fee, 1) negotiates a sale, exchange or rental of real property, 2) collects rent, or 3) negotiates a commercial loan secured by a mortgage must be licensed as a real estate broker.

3 Considerations to Help Decide Whether to Refinance Your Mortgage Know how long it will take to break even. Mortgage closing costs can total thousands of dollars. To decide whether a refinance makes sense, calculate the break-even point – the time it will take for the mortgage refinance to pay for itself. Break-even point = Total closing costs monthly savings.The home equity theft reporter: Senior Citizens, Retirement Funds Victimized By Subprime Lending Mess News Related to the Foreclosure Crisis – msfraud.org – Home Equity Theft Reporter: Whoever buys a property at the foreclosure auction – an investor or the bank – has to wait eight business days before taking possession of the property. That period allows the bank to discover mistakes and lien holders an opportunity to buy the property even if it already has been sold to an investor.

Mortgage industry frequently asked questions. The Department does not qualify financial responsibility on a credit score, but looks at the MLO’s overall credit report. Judgments, defaults on student or government loans, child support in arrears, and other factors could result in the denial of licensure.

With this program a first time home buyer can qualify for a grant of $7,500 towards their down payment & closing costs. This grant is financed by the Federal Home Loan Bank of New York (but is also available in New Jersey). This program matches $4 to every $1 contributed by the first time home buyer (up to $1,875).

CAN THE SELLER KEEP MY ESCROW DEPOSIT? ISN’T THAT EVERY BUYER’S WORST NIGHTMARE? The answer is "YES!". to both questions! The seller can keep your deposit. if you fail to adhere to the time-frames and the terms of the contract. One of my sellers just heard from frec (florida real estate commission):