All Forum Posts by: Catherine Coy

Don't be so cheap. Spring for Quantum Leap. I did. :lol:

If you liked "Secrets of the Millionaire Mind" by T. Harv Eker, I highly recommend his 3-day Millionaire Mind Intensive. Do try to attend one facilitated by T. Harv Eker himself. You can attend free by purchasing his book.

http://www.millionairemind.com/

Here you go, Dave. See page 2. Whoo-hoo!

https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0816.pdf

I think your time counts as tithing.

Dated: June 25, 2008

"Seasoning" for short sale, as compared to foreclosure, is TWO years, not FIVE years as with foreclosure.

I'm amazed...but there it is in black and white in unequivocal language. Now we can say, without fear of contradiction, that a short sale is BETTER FOR THE HOMEOWNER than a foreclosure in terms of seasoning. Wow...

My fellow Americans, this Announcement hasn't even made it to Fannie Mae's website. As soon as it does, I'll post it here.

Establishing a new policy for preforeclosure sales. A preforeclosure sale [short sale] involves the sale of the property by the borrower to a third party for less than the amount owed to satisfy the delinquent mortgage, as agreed to by the lender, investor, and mortgage insurer. Due to the increased incidence of preforeclosure sales, Fannie Mae is establishing a 2-year elapsed time period for reestablishing credit following completion of the action.

Mike, if I may say, you have a rather droll approach to this business. I've noticed that you claim you've escaped the drudgery of having a J-O-B, then you recount how you "painted this apartment" and "unplugged the toilet" at that apartment. If that's not a J-O-B, I don't know what is! :lol:

Personally, I like Ron LeGrand's edict: "The less I do, the more I make." It comes from the concept of super-delegation, as discussed in this best selling book.

http://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307353133

Check it out...and best wishes!

[POST REMOVED BY ADMIN - IF YOU HAVE ISSUE WITH THE WAY THE FORUMS ARE RUN, PLEASE CONTACT THE MODERATORS DIRECTLY INSTEAD OF HIJACKING A THREAD]

The conforming limit is now 4 with Freddie Mac; Fannie Mae to follow.

http://www.freddiemac.com/sell/guide/bulletins/pdf/bll042208.pdf

Thanks, you two, for your insight. I do believe I'll take a look at my community CofC.