Skip Schenker of the Renovation Lending Institute talks with Carolyn Padilla, Marketing Manager with National Econ Corp, which provides environmental consulting, training, engineering and construction management services related to the assessment, mitigation, removal, transport and disposal of hazardous wastes. These environment risks include mold, lead-based paint and asbestos.
Skip Schenker talks with Chico, CA realtor Tara Taylor about a recently completed FHA 203k Renovation loan transaction for her buyer. The home did not have an operable kitchen and needed repairs that the seller, a bank, would not complete.
Skip Schenker of the Renovation Lending Institute talks with Sandi Bauman about a recently completed FHA 203k renovation loan transaction where Skip was the loan officer. She had previously “run away” from offers with FHA 203k financing and is now very positive towards these transactions if the loan officer is Renovation Lending certified.
Skip Schenker of the Renovation Lending Institute with Jeff Russell, CEO and Broker of Real Estate Alliance on Dec. 23 at a Toys For Tots event.
Skip Schenker talks with Jeff Russell, Broker and CEO of Real Estate Alliance in Pasadena, CA on December 23 at a Toys For Tots event that benefitted dozens of local children in need.
Skip Schenker recorded first "Renovation-Radio.com" broadcast Sept. 1, 2010.
Skip Schenker of Renovation-Radio.com and Renovation Lending Institute talks about the advantages of closing “As-Is” with an FHA 203k renovation loan for listing agents and buyers agents. Sellers and asset managers may not want to repair properties prior to sale and by using 203k loans to close “As-Is” the available buyer pool is increased and the potential for timely and higher value sales are increased.
Skip Schenker recorded first "Renovation-Radio.com" broadcast Sept. 1, 2010.
Skip Schenker of Renovation-Radio.com discusses the issue of a “sagging roof” that was cited by an FHA appraiser on an appraisal for an FHA 203k renovation loan. This leads to a problem when a homebuyer wants to use an FHA 203k Streamline loan for repairs and renovation as a sagging roof is a “structural problem” and should prompt the loan to become an FHA 203k Standard loan with the use of a HUD Consultant and general contractor.
Skip Schenker with Renovation-Radio.com talks with HUD Consultant Mike Young, who talks about some of his favorite FHA 203k renovation properties. Mike is also a FHA 203k Trainer, software provider, and website editor.
Just because mortgage rates are at historic lows doesn’t mean homeowners can qualify to refinance. Most Americans can’t because their credit scores aren’t perfect, their houses have lost value or they’ve lost income.
As a result, tens of millions of Americans have been effectively blocked from saving hundreds of dollars a month by refinancing.
“We would avoid more foreclosures, people would be happier and I think the economy would get a lot better” if everybody could access the low rates, Riccio says.
That’s basically what some economists are proposing — at least for some 30 million Americans. The premise of the idea is that because of the financial crisis, the federal government has already guaranteed 60 percent of existing home mortgages.
National Public Radio (NPR) discusses the potential end to the housing crisis with economist Mark Zandi explaining what it will take for the bust to end — and sketches out housing’s profound influence on the broader economy.
If you want to know when the bust will end, Zandi says, look at foreclosures and short sales. Those typically occur at a big discount to prevailing prices, so they push overall prices down.
At the moment, almost a third of all houses being sold are foreclosures and short sales. The housing bust won’t really be over until that percentage falls sharply. Zandi says that’s likely to happen by the end of next year.
Skip Schenker with John Sawyer of REO Energy Solutions
Skip Schenker speaks with John Sawyer of Energy REO Solutions, a Nationwide Repair & Remediation Services company based out of Minneapolis, MN. They were attending a conference in Maryland on Oct. 31 – Nov. 2 sponsored by Energy REO Solutions