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Showing posts from August, 2013

FHA slashes time to new mortgage post foreclosure/ short sale/ bankruptcy

                        Aug. 19, 2013 The Federal Housing Administration (FHA) is making it easier for once-struggling homeowners to qualify for a mortgage backed by the agency. For borrowers who meet certain requirements, the FHA is trimming to one year the amount of time that homebuyers must wait after a bankruptcy, foreclosure or short sale before they may qualify for a FHA-backed mortgage. The waiting period had been two years after the completion of a bankruptcy and three years after a foreclosure or a short sale. But only certain consumers who’ve been in those circumstances will be able to meet the criteria attached to the eased restrictions. Borrowers must be able to show their household income fell by 20 percent or more for at least six months and was tied to unemployment or another event beyond their control. They also must prove they have had at least one hour of approved housing counseling and, among other things, have had 12 months of on-time housing payments. “FHA

Keller Williams Realty Becomes First Real Estate Franchise To Release Agent-Branded Mobile Search App

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To download Chuck Coit's Keller Williams App, text KW3CFXHK to 87778 or scan my QR code below: AUSTIN, TX (August 8, 2013) - Keller Williams Realty, the largest real estate franchise company in the United States, announced today the release of a mobile app customized for each of its 88,000 associates. The company is the first real estate franchise to offer every agent and office an individually branded real estate search app.  Agents receive a unique URL and text code to share with consumers. When consumers use the app, they can easily search and compare properties and connect directly with their agent of choice about the listings they want to see. "At Keller Williams, we're agent-centric and consumer-centric at the same time," CEO Mark Willis said. "By being the first to provide our associates with their own branded app, we are empowering them to achieve extraordinary results and deliver exceptional client service. And by providing consumers