FLORIDA REALTORS NEGOTIATE FUND FOR OIL SPILL LOSSES
>>Florida Realtors (www.floridarealtors.org) and statewide realtor organizations from Alabama, Mississippi, Louisiana and Texas have negotiated a $16 million special allocation for real estate professionals claiming loss of income due to the Gulf oil spill. The organizations met several times with the new claims administrator, Kenneth Feinberg, to make their case and win the allocation.
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
Wednesday, August 25, 2010
Tuesday, July 20, 2010
Revised HUD counseling handbook
Housing Counseling Agencies:
The Department of Housing and Urban Development has revised the Housing Counseling Handbook, 7610.1 REV-5, which was posted to HUDClips on July 13, 2010. The Handbook is effective immediately with the exception of Appendix 4, HECM Counseling Protocol, which will be effective 60 days from the date it was posted to HUDClips - September 11, 2010.
The revised Handbook is available on HUDClips through the following link:
http://www.hud.gov/offices/adm/hudclips/handbooks/hsgh/7610.1/76101HSGH.pdf
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
The Department of Housing and Urban Development has revised the Housing Counseling Handbook, 7610.1 REV-5, which was posted to HUDClips on July 13, 2010. The Handbook is effective immediately with the exception of Appendix 4, HECM Counseling Protocol, which will be effective 60 days from the date it was posted to HUDClips - September 11, 2010.
The revised Handbook is available on HUDClips through the following link:
http://www.hud.gov/offices/adm/hudclips/handbooks/hsgh/7610.1/76101HSGH.pdf
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
Wednesday, July 14, 2010
Distressed Condo Relief Act
Florida Distressed Condo Relief Act
The "Distressed Condo Relief Act" (DCRA) in SB 1196 was put in place to encourage investors to buy unsold developer inventory. This should help stabilize the condo market. It also protects the lender if the developer defaults.
If the provision becomes law it will only apply to purchases that take place before the law sunsets on July 1, 2012.
Here is a link to SB 1196
http://flsenate.gov/data/sessions/2010/senate/bills/billtext/pdf/s1
96er.pdf
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
The "Distressed Condo Relief Act" (DCRA) in SB 1196 was put in place to encourage investors to buy unsold developer inventory. This should help stabilize the condo market. It also protects the lender if the developer defaults.
If the provision becomes law it will only apply to purchases that take place before the law sunsets on July 1, 2012.
Here is a link to SB 1196
http://flsenate.gov/data/sessions/2010/senate/bills/billtext/pdf/s1
96er.pdf
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
Wednesday, June 30, 2010
2nd credit report pull
2nd Credit Report Pull
Fanne Mae just announced that lenders will be required to provide a 2nd credit report be pulled on the actual day of closing, prior to the loan funding. This new credit check will apply to conforming loans under 417,000.
If the borrower incurs additional debts after the lender pulled the initial credit report, it may delay or stop the closing all together.
Beware future home buyers must never go out and apply for credit while the home loan process is active.
Lisa Scanlon, CSA
www.scanlonsigningservices.com
941-447-7130
Fanne Mae just announced that lenders will be required to provide a 2nd credit report be pulled on the actual day of closing, prior to the loan funding. This new credit check will apply to conforming loans under 417,000.
If the borrower incurs additional debts after the lender pulled the initial credit report, it may delay or stop the closing all together.
Beware future home buyers must never go out and apply for credit while the home loan process is active.
Lisa Scanlon, CSA
www.scanlonsigningservices.com
941-447-7130
Monday, May 10, 2010
FHA to accept electronic signatures
FHA to Accept Electronic Signatures
As of 4-8-2010 FHA announced they will accepts electronic signatures on 3rd party documents included in the case binder for mortgage insurance endorsement. 3rd party documents are those that are originated and signed outside of the mortgagee's control such as a sales contract.
This will apply to Mortgages and Home Equity Conversion Mortgages. You will have to keep a hard copy of the origination case binder for 2 years from the date of the endorsement.
If you have any questions you can contact FHA Resource Center at 1-800-225-5342.
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
As of 4-8-2010 FHA announced they will accepts electronic signatures on 3rd party documents included in the case binder for mortgage insurance endorsement. 3rd party documents are those that are originated and signed outside of the mortgagee's control such as a sales contract.
This will apply to Mortgages and Home Equity Conversion Mortgages. You will have to keep a hard copy of the origination case binder for 2 years from the date of the endorsement.
If you have any questions you can contact FHA Resource Center at 1-800-225-5342.
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
Monday, May 3, 2010
Scanlon Signing Services Green Announcement
Going Green
Scanlon Signing Services believes deeply in not wasting materials, re-using, and recycling. We want to keep the planet clean for our children. Therefor we donate all our used toners cartridges to the local performing arts school for recycling and all of our shredded documents are donated to the local animal rescue center for animal bedding. There are always places within your community that are in need of the things we just throw away, seek them out and you will be suprised how many organizations are in need. You will be doing your part to help the planet and your community.
I have also obtained my electronic notary seal and laptop for paperless notarizations and loan closings. Its the future of secure documents.
Sincerely,
Lisa Scanlon, CSA
941-447-7130
ScanlonSigningServices@yahoo.com
ScanlonSigningServices.com
Scanlon Signing Services believes deeply in not wasting materials, re-using, and recycling. We want to keep the planet clean for our children. Therefor we donate all our used toners cartridges to the local performing arts school for recycling and all of our shredded documents are donated to the local animal rescue center for animal bedding. There are always places within your community that are in need of the things we just throw away, seek them out and you will be suprised how many organizations are in need. You will be doing your part to help the planet and your community.
I have also obtained my electronic notary seal and laptop for paperless notarizations and loan closings. Its the future of secure documents.
Sincerely,
Lisa Scanlon, CSA
941-447-7130
ScanlonSigningServices@yahoo.com
ScanlonSigningServices.com
Monday, April 26, 2010
Loan Modification Tips
Loan Modification Tips.
Many firms such as banks, lenders, title companies, law firms and others are hiring notaries to perform loan modifications. Most of these assignments are legitimate, coming from major lenders such as Wells Fargo, JP Morgan Chase and Bank of America. According to HUD a loan modification is a permanent change to the loan terms which allows the loan to be reinstated and results in a payment the borrower can afford. There should be no upfront fees and the documents should reflect the new terms. Beware if you are asked to collect large upfront fees with no documents showing the new terms. There are so called rescue firms taking advantage of desperate borrowers.
If you receive an assignment that seems questionable you can check with the Better Business Bureau or local law enforcement. If you feel the job just is not right do not accept it.
Please let me know if you have any comments or questions.
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
Many firms such as banks, lenders, title companies, law firms and others are hiring notaries to perform loan modifications. Most of these assignments are legitimate, coming from major lenders such as Wells Fargo, JP Morgan Chase and Bank of America. According to HUD a loan modification is a permanent change to the loan terms which allows the loan to be reinstated and results in a payment the borrower can afford. There should be no upfront fees and the documents should reflect the new terms. Beware if you are asked to collect large upfront fees with no documents showing the new terms. There are so called rescue firms taking advantage of desperate borrowers.
If you receive an assignment that seems questionable you can check with the Better Business Bureau or local law enforcement. If you feel the job just is not right do not accept it.
Please let me know if you have any comments or questions.
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
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