Posts Tagged ‘Steve Fingerman’

postheadericon Michael Israel Performing Hero

 
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Don’t miss the end…wonderful surprises all the way through. HERO is an amazing accomplishment, a performance you watch with your heart. This work has helped raise interest and awareness for many charities and worthy causes. This performance was produced by Wolfgang Films.

HERO explores commitment to an ideal. It asks the question: What endeavor would you undertake knowing full well that the odds are you will fail? What would you give your all to knowing it’s likely you will be severely injured or even die trying? What is the greatest possible reward and in that thought, what is the most valuable and priceless thing on earth?

Steve Fingerman

Branch Manager

Allied Home Mortgage

4117 Mariner Blvd

Spring Hill FL, 34609

352-688-7949

postheadericon Find A Good Mortgage Lender In Hernando County

 

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For All your Mortgage Needs In Spring Hill Fl

 call Steve Fingerman at 352-688-7949

postheadericon How To Get More Clients Over Coffee

Social Media is changing the way we all market and get our message out to potential clients. Used effectively social media like Facebook, Blogging etc can and will help you build a strong reputation and local presence.

Check out the video below for some great tips on how to effectively use social media to drive more business and help your community.

 
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For All your Mortgage Needs Call The Team At E Loans Mortgage Inc

Steve Fingerman

Branch Manager 

E Loans Mortgage Inc Corp.

4117 Mariner Blvd.

                                         Spring Hill Fl, 34609 

                                         352-688-7949 Office

                                         727-946-0904 Cell

                                     www.AlliedHome.com/sfingerman

postheadericon Residents Protest Sink Hole Rate Increases

New Port Richey, Florida — Protesters lined the streets in New Port Richey, targeting a new law that would allow insurance companies to raise their rates for sinkhole coverage by thousands of dollars a year in some cases.

Even if you don’t own property, they warn this will affect you too by crippling Florida’s already fragile economy.

Facing a massive sink-hole insurance rate increase in the thousands of dollars, retiree John Haun says he’s worried he’ll be forced from his home. “My neighbor just got his bill and he got a $5,000 increase in his,” said Haun.

In a room filled with similar worry, The Florida Association for Insurance Reform (FAIR) brought in a bipartisan panel of local politicians, promising to do what they can to repeal the new law that removed the cap on sinkhole insurance premiums.

Sen. Mike Fasano, a Republican representing the 11th District, says he’ll ask state lawmakers to repeal Senate Bill 408.

“That bill was signed into law by our Governor. It has barely gone into effect and we already see the consequences the people of this area will pay,” said Fasano.

State Representative Robert Schenck, a Republican representing the 44th district, actually voted for the original House bill, hoping it would reduce fraud. Now, he says, he’s worried too many people will be hurt.

“Seventy percent of all sinkhole claims that have been paid out, that money has not been put in to fix that property,” said Schenck, explaining his original position on the issue. “So if you guys want to know why we have  so much trouble with sinkhole coverage in Hernando County, that’s why. It’s the rampant fraud.”

Rose Rocco, a Democrat and former Hernando County Commissioner, said fraud should be addressed by the insurance companies and not pushed onto consumers.

“It’s up to the insurance companies or whoever is supplying that service to make sure that they’re paying a claim that’s reasonable and just,” said Rocco. “And to put the blame on people now is unconscionable.”

A mortgage expert also told the crowd it’s not just a concern for current homeowners. People considering purchases of property may be told by banks that they must carry the insurance, which could put a chilling effect on an already depressed real estate market. That could have a ripple effect on the overall economy. Steve Fingerman, with E Loans Mortgage Inc says people will have less money in their pockets.

You’re all of a sudden gonna be faced with a massive payment increase of $300, $400, $500 a month,” said Fingerman.

Realtors say it’s already having a chilling effect on business, even before the state’s insurance commission decides whether to grant the request from Citizens Insurance to raise the rates.

Some clients, even some from other countries, are already aware of the sinkhole issues, and say they don’t want to take a chance that other insurance companies will quickly line up to follow suit.

Lawrence Sanek, who owns Castle Dream Real Estate, says it’s a problem.

“I have international people saying ‘Tell me about the sinkhole problem. What’s it gonna cost us?'”

The insurance commissioners are not expected to rule on Citizens rate hike request until mid-October, but before then, on September 13 at the Tampa Convention Center, the same commission will be taking public comment in the center’s main ballroom.

The hearing is expected to draw hundreds, perhaps thousand of people.

 
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For More Information Contact

Steve Fingerman

Branch Manager

E Loans Mortgage Inc

Office 352-688-7949

Cell    727-946-0904

(original article writtnen by Eric Glasser at 10news WTSP)

postheadericon United States Gets A Credit Down Grade, Dow Jones Loses Over 600 Points


The United State Gets A Credit Down Grade, Stocks Lose 600 Points, USDA Loans Here to Stay in Hernando County. Plus New Changes You Need To Know About.
 
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To Learn More About USDA Finanicng Click The Banner Below and Attend Our Free Online Workshop. Classes Will Automaticaly Be Rescheduled So Don’t Worry If You Missed it. Just Click The Banner And You Will Be Taken To The New Scheduled WorkShop.

For More Information

Contact

Steve Fingerman

Branch Manager

E Loans Mortgage Inc

4117 Mariner Blvd.

Spring Hill, FL 34609

Office 352-688-7949

Cell 727-946-0904

postheadericon Buying A Hud Home? Extension Fees Will Kill You

Thinking about Buying a HUD Foreclosed Home? Here is what you should know before taking the plunge. Those nasty little extension fees will kill ya! For more information about HUD properties and HUD financing options please call us at: 352-688-7949.

Dont Forget: Check out Our Home Buyer Work Shops, It’s Free!

 
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postheadericon First Time Home Buyers Guide, Your Guide To Buying a Home In Spring Hill FL

 

    Wether you are considering buying your First Home, or even if you are purchasing a second home and you think you know the ropes. Our Home Buyer Webinar will give you valuable information about the entire Home Buying Process. Call the Allied Team with any of you home buying questions or needs and we will be happy to guide you through the process.

Call us at 352-688-7949.

 
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postheadericon What To Watch out For When Buying Distressed Property In Spring Hill FL

Buying a Distressed Property?

Here is the skinny on what you need to know to protect yourself in today’s Real Estate Market.

With all the distressed properties out there, and all the short sales there are a number of things that buyers need to be aware when shopping for a home. Buyers today should be extra cautious, as the saying goes: “It’s Buyer Beware”. That has never been more true than it is today, so here are the basics you should be aware of.

Spring Hill REO Experts

 Appraisals can Kill Your Deal.

With the implementation of HVCC which is basically supposed to provide appraiser Independence, lenders don’t have the same control over appraisals that they used to. HVCC requires that a 3rd Part Management Company be used in ordering and procuring appraisals. The problem with that? Well many times a management company will “farm out” the appraisal to the lowest bidding appraiser rather the most experienced or familiar with the area. The end result, a poor quality appraisal that may not necessarily reflect the true local market value of the property. It’s funny that this is even happening since the end result is the exact opposite of what the rule was intended to do, but none the less, this is the reality of it. According to the National Association of Realtors about 10% of transactions nationally die each month due to issues with Appraisal Values coming in lower.

  STOP HVCC

 What can you do to guard against that? For starters, carefully interview your lender. Find out details regarding their appraisal process and who the management company is. For example here at E Loans Mortgage Inc, Yellow Sign is the only management company we use to order appraisals and they are also an affiliated business. Although they operate independently, their policy is to only hire and approve appraisers with a minimum amount of local experience and also a proven track record of quality work. To further ensure appraisal quality, Yellow sign limits the range of how far they will go for an appraiser to within the subject property area. This ensures that only local professionals who know the local market are going to be used. You can also further protect yourself by making sure you use a knowledgeable local Realtor who has experience in the local market and knows the pricing trends and current market activity. Your Real Estate Professionalshould be able to provide a detailed Comparative Market Analysis also known as a CMA on the property you are interested in buying. A proper CMA will help you and your Real Estate Professional determine what to offer and will make sure your offer and final accepted contract are in line with where the property will actually appraise at.

 Undisclosed Problems With The Property

Unfortunately, if you are buying a home from a Bankthat has been foreclosed on the Bank is under no obligation to disclose anything to you about the property. These sales are truly buyer beware and it’s crucial that you and your Real Estate Professional implement a carefully thought out Due Diligence Process. In our local are of Hernando and Pasco County sink holes are a prevalent force of nature and should be thoroughly investigated prior to commencement of any Foreclosure Purchase. Un-repaired Sink Holes will devalue your property faster than setting it on fire and watching it burn down. Your Real Estate Professionalshould check with all local building and zoning departments to ensure no prior permits were pulled for both Sink Hole Repairs and all other alterations. An open permit that has never been closed out can lead to numerous other issues. At best case, there may be a fine you have to pay in order to get the permit closed out and final-ed. A not so best case scenario may be the County asking you to tear out anything that was previously done and bring it to code, that’s something that can easily add up to thousands of unexpected expenses after you close if it was unknown at the time of purchase. At the very worse case scenario, you may find out that there was prior Sink Hole Activity that was not repaired. If this is the case, you should RUN fast and far from the property, additionally if discovered by your lender it will not be something they would be willing to finance anyway. Some prior Sink Holes may have been repaired by the previous owner prior to the bank taking possession and often times the building department will have all the necessary documents to verify the completion of the repair the scope of the work and even the engineering reports. These cases may offer a huge negotiating opportunity, assuming of course you are comfortable with a repaired Sink Hole. In any case, you and your Realtor’s due diligence will go a long way in protecting you from a financially devastating mistake. For information about Sink Holes and the Stigma that goes with them, Jeanne Gavish at Keller Williams in Spring Hill Fl wrote an excellent piece on Sink Holes and The Stigma of a Sink Hole.

Foreclosure In Spring Hill

 Your Lender Demands Repairs

Your Contract may be an AS IS Contract, and you may very well have agreed to purchase the property with all it’s inherent minor defects knowing that you can easily deal with the repairs later, but do not expect your lender to look at it the same way. In today’s market, banks don’t really want another distressed property, especially on a newly originated loan. Things like cracked windows, missing A/C systems or damaged dry wall will more than likely be red flagged by your lender. When looking at homes that need extensive or significant work the Loan Type that you are trying to procure can be the difference between a successful closing or a bout of frustration that will leave you pulling the hair out of your head. FHA has a great program called a 203K. It’s essentially a loan that is designed to let you acquire a property which may need repairs and then fund those repairs into your loan. There are 2 types of 203K loans, a streamline 203K and a full blown 203K. The difference is the streamline 203K Loan will limit the dollar amount of the repairs to no more than $35,000.00 and will generally limit the number of items to be repaired to only 2 items. Although Allied will allow more than 2 items on a streamline 203K to repaired many other lenders will not, and although we may allow for more than 2, it’s not going to a blank check to repair more than a few different repair types. If it needs extensive work, opt for a full 203K. Expect the time-line of your closing to stretch a little further on a full 203K loansince it will require a HUD Counselor work with you and your selected contractor. Typical closing time for these is about 45 days. You should also retain the services of a reputable and properly trained Home Inspector like Jim Calleri at Affirmative Home Inspection in Spring Hill. A good home inspection will save you from unexpected surprises down the road and will save you from potential financial disaster later.

 Title/ Deed Problems With Property

Title Companies In Spring Hill

By now we have all heard of Robo Signing, and the foreclosure fraudthat may have occurred on thousands of Foreclosure cases across the country on the part of Attorney’s working to speed up the foreclosure process for the Banks. Well we are starting to see the effect of that coming out into the market place. Title issues will derail your deal faster than you can blink an eye and often times they wont surface until you are well into the transaction and are vested both financially and emotionally. Buyers today who are considering purchasing a foreclosed home should consider finding a local title companythat they are comfortable with. Although you may end up being required to use the Bank’s choice of title company when it’s time to get a deal completed, a local title company can help you with the due diligence process. Local Title Companies can perform a Title Searchfor about $75.00, the may be money well spent considering that finding out about a Title Issue after the Appraisal and Inspections are will cost you between $600-$700 out of your pocket that you may not recover. Recently we had a transaction where we discovered to late into it that there was an issue with the Foreclosure Process and it required the seller( A Bank) to go back and amend the Foreclosure Summary Judgment. This created a cloud on Title and thus the seller could not deliver clear title. The propertyhas subsequently been temporarily taken off the market and the contract has been put on hold while the buyers are forced to wait for the court proceedings to take place and correct the Foreclosure Summary Judgment so that a revised Certificate of Title can be recorded. With out this, the seller or Bank does not have the legal right to sell the property. What’s the buyer’s recourse? They can move on to a different property. Although they will get their escrow deposit back, the money spent on inspections, appraisals etc is lost forever. Luckily the buyer is in the position to wait it out but many buyers wont be in that position and the delays can be costly especially when you are planning a move from a rental to your new home since you may have to extend your lease a potentially pay a higher rent for the extended time.

For more information on how to better protect yourself in your purchase of Real Estate in Spring Hill Fland the surrounding areas feel free to contact me and I will do my best to make sure you have all your bases covered. You can reach me anytime on the Cell at 727-946-0904. Buying a home is an exciting process, a little careful planning will go a long way to make the experience stays positive and is something you will remember as one of the best times in your life. You can count on the staff at E Loans Mortgage Inc in Spring Hill to make sure your Real Estate deal goes as smooth as possible. We are here to serve and protect you, our customer for life!

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