When Not to Buy a House
Everybody is talking about how now is a great time to buy a house since there is the stimulus plan that let’s you get up to $8,000 back on a tax credit as well as rates that are still historically low. However, as much as that seems to be great advice, there are times that [...]
Short Sales Can Take a Long Time to Close
So I’m talking to a Realtor last week who tells me about a client that wants to purchase a short sale property because they need something quick. They did not understand the nature of a short sale because, most of the time, they are anything but quick! In fact I have been working with several [...]
Having a Great Real Estate Team
I have worked with some great Realtors, some good Realtors, okay Realtors and some not so great Realtors and I’m sure there have been some Realtors that don’t think I’m that great either. Sometimes it comes down to personalities or the way you do the work. Real Estate is a business and we all tend [...]
Modifying your Home Mortgage
Now that interest rates are on the rise and the economic situation stays somewhat the same, people are having less and less options when trying to reduce their monthly mortgage payment. If you are having a hard time paying your mortgage but have managed not to be late thus far, you can contact your mortgage [...]
The Time it Takes to Close a Loan
There used to be a couple of things in times past that you would hear loan officers say. One was, “If you can fog a mirror, we can give you a loan!”, and we all know where that has taken us. The other is, “We can close a loan within a week.” which no longer [...]
The Length of a Short Sale
Short Sales from the outside looking in would seem like a very direct way for a seller and a bank to agree together to sell a property. However, from the inside looking out, it is not that simple. Many bank owned properties are actually owned by other entities and are merely serviced by the bank. [...]