Diane Gerdes

#Newsletters

Economy vs Standard and Poor’s

August 12, 2011March 6, 2019 By Diane Gerdes

The summer blockbuster isn’t Planet of the Apes but the U. S. Economy vs. Standard and Poor’s. It has everything you would want in a thriller: stupid rich bankers, European bad guys, trillions of dollars changing hands, and the girl crying lots of tears. (That would be me)

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where have all the jobs gone

July 15, 2011March 6, 2019 By Diane Gerdes

Last week, our leaders of the Western World were shocked, shocked that the number of Americans who wanted to
work but couldn’t find a job increased in June, slamming our already fragile economy.
How can this be? According to our government there are jobs out there

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What Are Flipped Properties?

July 6, 2011March 6, 2019 By Diane Gerdes

Question: We have identified a home we would like to buy but we were told underwriting may require two appraisals. Why?

Answer: The home is probably a “flip” or in layman terms: a property that has changed ownership within 90 days. An investor bought the home at auction or as a short sale, and has placed it back on the market, for a profit.

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Why Can’t I use my VA Eligibility?

June 23, 2011March 6, 2019 By Diane Gerdes

Question: My client currently rents an apartment in California. He is also employed in California.
He has never owned a home and wants to buy a house in Arizona. Can he use his VA eligibility?
Answer:

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Pulling A New Credit Report at Funding

June 22, 2011March 6, 2019 By Diane Gerdes

Question: Why are some lenders pulling another credit report before funding a loan? Could that prevent a loan from closing?
Answer: Undisclosed Liabilities – Fannie Loan Quality Initiative FAQ (5/28/10 & 6/7/10) the boring title for another exciting change in our industry. (Think positive thoughts)
Before you pound your head on your desk

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Gnomes, Dog Food and Ceilings

June 17, 2011March 6, 2019 By Diane Gerdes

The looming deficit crisis and the fear of a government shutdown, forced our family to implement our own austerity program: We parked the SUV with the gnomes (that did not make the small creatures happy, they had to raise their height limit in our garden); my beloved Chihuahua, Diego…

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Volunteering

June 16, 2011March 6, 2019 By Diane Gerdes

Good morning, I am April Gerdes with The Mortgage Advantage, and I would like to talk about volunteering this morning. With our economy in the position it is – how could you not be a little frustrated? Sad? Or maybe even a little depressed. Whether you are a real estate agent, and you have had more deals fall apart than

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After A Short Sale Can I Buy A Home ?

June 15, 2011March 6, 2019 By Diane Gerdes

Question: My Client sold his home with a short sale and now wants to purchase another home. What are the options?

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Does HUD Allow Holdbacks?

June 3, 2011March 6, 2019 By Diane Gerdes

Question: Are Escrow Holdbacks Allowed on HUD Homes?

Answer: Yes, but with restrictions.

#Economic Update

Are we there yet???-Home loans in Arizona

May 25, 2011March 6, 2019 By Diane Gerdes

President Obama and Secretary of Treasury Timothy Geithner are navigating us through the freeway of the deepest recession since the 1930’s. Along for the ride are their BFF’s: Paul Krugman, winner of the Nobel Memorial Prize for Economic Sciences in 2008; Larry Summers, resident bank lover and expelled President of Harvard University, and Paul Volker, the 82 year old former

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