Renovation Loan 203k

NACHO Recipe

Easy Recipe that
Your Family Can
Enjoy Before Trick or
Treating Tonight

INGREDIENTS:

·               1 tablespoon olive oil
          1 pound ground turkey (a bit healthier than beef or pork)
·         1/4 cup diced red onion
·         2 cloves garlic, minced fine
·         1 teaspoon chili powder (adjust down if you like it mild)
·         1 teaspoon cumin.
·         ½  tablespoon paprika (adjust down in half to ¼ if you like it mild)
·         ½  teaspoon oregano.
·         ½  teaspoon black pepper
·         12 ounces Have’A Chips - or choose restaurant style good ones with salt
·         1 (15-ounce) can black beans, drained and rinsed
·         1 cup corn kernels canned or you can cut from 2 fresh ears
·         1 cup shredded cheddar cheese
·         1/2 cup shredded Monterey Jack cheese
·         1 Roma tomato, diced
·         1 jalapeno, thinly sliced
·         1 tablespoon sour cream
·         2 tablespoons chopped fresh cilantro leaves
·         3 green onions chopped

1. DIRECTIONS:

1.      Preheat oven to 400 degrees F. Lightly oil a baking sheet or coat with nonstick spray.

2.      Heat olive oil in a large skillet over medium high heat. Add meat, reed onion, and garlic, and cook until meat fully browns about 4 minutes, stir and crumble the meat as it cooks; stir in seasonings. I suggest you mix the spices in a bowl and add half, taste and see if you like the seasoning or can go hotter.  Drain excess fat.

3.      Place tortilla chips in a single layer onto the prepared baking sheet. Top with meat mixture, black beans, corn and cheeses.

4.      Place into oven and bake until heated through and the cheeses have melted, about 5-6 minutes - peek and check the cheese don't burn

5.      Serve immediately, topped with tomato, green onion, and cilantro. Put the sour cream and jalapeno’s in two side bowls (I don’t like sour cream)

Total preparation time: 8 minutes
Cook time 5 minutes
And  yummy packed with protein and everyone loves this dish
The turkey makes it a bit healthier

Nutrition Facts

Serving Size

Servings Per Container 8

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Amount Per Serving

Calories 493.0Calories from Fat 232.2

% Daily Value*

Total Fat 25.8g40%

Saturated Fat 9.6g48%

Trans Fat 0.2g

Cholesterol 58.6mg20%

Sodium 1071.2mg45%

Total Carbohydrate 44.1g15%

Dietary Fiber 7.4g30%

Sugars 2.0g

Protein 24.3g49%

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*Percent Daily Values are based on a 2,000 calorie diet. Your daily values may be higher or lower depending on your calorie needs.

Top of Form

Zillow Flipping Your Home

How long will this venture last for Zillow?

Zillow Offers- Low offers 

Here's what they do:

Target single family homes valued around $400000.

There are a number of tools that can be used to access

the previous appraisal, view square footage, check your payment records

and bingo they start advertising to your Facebook account and yahoo email.

You click on their website and read about the too good to be true deal.

Sell your house without cleaning, don't bother doing repairs, no messy people

marching through your house with muddy feet, no agent bugging you for showings.

All you have to do is click and an "evaluator" sets an appointment to view the interior. 

So easy peasy.

Excepting when there's a delay in the check, and you realize it's not s six percent

discount for commission; but a  twenty percent discount for expenses.

Then you see your home on the market for a huge increase.

Meanwhile your discounted sale appears as a recent sale and reduces the

value of the neighborhood. I guess you can smile on the way to the bank?

Cities where they are active as of October 2019

• Arizona: Phoenix
• California: Riverside
• Colorado: Denver
• Georgia: Atlanta
• Nevada: Las Vegas
• North Carolina: Charlotte, Raleigh
• Texas: Dallas-Fort Worth, Houston

If Zillow is actively buying in your market I want to know how it went. Generally I see them buying a single  family house for $300,000. - giving the seller cash gift cards to move fast and re listing for $400000. with no improvements completed. Please respond in comments if you have experienced this as I am tracking for appraisal issues

Single Unit Condo FHA Approval Loans

FHA Single unit approval

This month I see several new laws implemented to allow home ownership opportunities. This post is about the FHA new single exception to buy in a condominium complex that is not currently on the approved list.

Several individual condominium units are eligible for FHA mortgage insurance even if the condominium project is not FHA approved. The policy is effective October 15, 2019.

• Introduces a new single-unit approval process to make it easier for individual condominium units to be eligible for FHA-insured financing;
• Extends the recertification requirement for approved condominium projects from two to three years;
• Allows more mixed-use projects to be eligible for FHA insurance.

There are 150,000 condominium projects in the U.S., only 6.5 percent or less than ten thousand are approved to participate in FHA’s old mortgage insurance programs. HUD estimated that 20,000 to 60,000 condominium units may be eligible for FHA-insured financing after October 15^th. 2019.

How to get the one-off exception here is what HUD says I summarize:

Individual units may be eligible for Single-Unit Approval if:

• The individual condominium unit is in a completed project that is not approved;
• No more than 10 percent of the individual condo units are FHA-insured (properties with 10 or more units) or properties with fewer than 10 units have no more than two (2) FHA-insured units.

Minimum Owner-Occupancy Requirements
Approved condominium projects must be 50 percent owner-occupied.

FHA Insurance Concentration in Condominium Projects
FHA will only insure up to 50 percent of the total number of units in an approved condominium project.

Commercial/Nonresidential Space Limits
FHA will require that the commercial/non-residential space within an approved condominium project not exceed 35 percent of the project’s total floor area.

Think of Single-Unit Approvals as the borderline complexes which “almost” made the approved list or were approved and failed to update HUD.

If you have a listing in a complex this makes the real estate more "sale-able", as buyers with smaller down payments can purchase.

Call me let’s talk about getting your one – off approval for a buyer.

(949) 784- 9699

C G

NMLS 324982

Equal Opportunity Lender