Can I Rent Out Some Rooms in My New Home With an FHA Mortgage? – JJ

“Dear Steve, Purchased home under an FHA loan. Will be inspected to see if I am a primary resident in a month and a half. If this is my primary residence, am I also allowed to rent out a couple of the rooms? JJ” Dear JJ, Well you want to be very careful that you … Read more

Single Mother, Struggling, Depressed, Anxious, Can’t Sleep. – Veronica

“Dear Steve, (struggling) small business owner and single mother. I owe approx 70K in credit cards & credit lines. Tapped out of credit options. In addition, I’m scared, cant sleep, anxiety, etc. I am about to close on 2nd mortgage in order to pay off debts. As an individual, can i negotiate with banks, credit … Read more

We are Trying to Get Our Short Sale with Bank of America Completed on Our FHA Mortgage. – Shawn

“Dear Steve, We currently have an FHA loan through B of A, it has been a struggle but we have remained current. We are going through a short sale currently, Bank of America is the primary & only lender involved. Our home is likely worth $80-100,000- in today’s market, but we owe $240.000. We started … Read more

Home Inspection People Want Us to Pay For Services After Our Real Estate Agent Died. – Ella

“Dear Steve, We tried to sell our house 2 years ago, agent agreed to pay for virtual tour, carpet cleaning and home inspection. The house didn’t sell and our real estate agent died months later from heart attack. Now home inspection company wants us to pay for the service done then. I think they couldn’t … Read more