What Happens To My Credit If I Do A Short Sale?

HUD has issued a mortgagee letter to lenders and underwriters explaining that effective immediately, borrowers in default on their mortgage at the time of a short sale or pre-foreclosure sale will not be eligible for a new Federal Housing Administration (FHA) -insured mortgage for three years.

Distressed Short Sellers Locked out of FHA Loans

Read the entire article HERE.

10 Things to Know About Real Estate in 2010 - Yahoo! News

"But while the 2010 outlook appears inviting, there's one key catch. "You need to have a stable job," says Mark Zandi, the chief economist of Moody's Economy.com."

Ya think?

Anyway, read the entire areticle here: 10 Things to Know About Real Estate in 2010 - Yahoo! News

Judging Bernanke by His Actions: Refinance Now - Real Time Economics - WSJ

Judging Bernanke by His Actions: Refinance Now - Real Time Economics - WSJ

Side note: Hope this guy is NOT re-appointed - but believe he will be :(

Fresno housing market has foreclosures, but remains tight - USATODAY.com

Fresno housing market has foreclosures, but remains tight - USATODAY.com

Properly priced homes in Fresno are receiving multiple offers.

If These Walls Could Talk...

... well there were some in the home I showed earlier today that did.

Kale Soup Tonight

Got recipe from cooks.com



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Don't Forget Who Your Friends Are!

Major Facebook faux pas

Today's Bad MLS Pics

Havent had a good BAD MLS PICS post for awhile. I just got these via email:

This means there is a shower



This must be the door



No explanation needed here: THIS IS A ROOM :)



This is a _______________ (fill in the blank if you know)