Tag Archives: borrowers

A Quick Guide to Buying Foreclosure Property

Posted on June 16, 2014 by Sandra James

U.S. housing market is witnessing a fall in the mortgage rate consecutively for 6 weeks. Now when interest rates are at a new low, foreclosure home inventory is surging like never before. As per foreclosure report of RealtyTrac for Jan’14, … Continue reading →

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Closing Process Improved With The New Disclosure Requirement

Posted on July 1, 2013 by Sandra James

The revision and improvements in the disclosure form requirements has given the opportunity to moneylenders for improving mortgage-closing process. The proposal from Consumer Financial Protection Bureau in this regard also contains a provision wherein the delivery of this new Closing … Continue reading →

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Can IRS delay your transcript even with a correctly filled 4506-Transcript form?

Posted on July 2, 2012 by Sandra James

According to the current rules, a mortgage lender cannot approve a loan without verifying a customer’s tax information, received after submitting the form 4506-T. Any discrepancies with the filing can cause a delay for the lender and eventually for the … Continue reading →

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