Archive for the ‘Real Estate’ Category
Posted by
Tom Craig
in Buying 
Whether you're a first time home buyer or a repeat customer, the labyrinth of steps and documents leading up to the grail of the closing can be intimidating. But buying a home is actually a logical, straightforward process—nerve-wracking because so much is riding on it, but not difficult to understand.
These ...
Posted by
Tom Craig
in Mortgage Refinance
Congress enacted the Real Estate Settlement Procedures Act (RESPA) in 1974. It regulates lending activities of lending institutions in making mortgage loans for housing. RESPA is administered by HUD.
While most of RESPA deals with lender requirements and responsibilities, some provisions of RESPA directly affect Loan brokers as well as Real ...
Posted by
Jeff Hardy
in Land
Real property has specific characteristics that set it apart from other marketable and valuable commodities. These characteristics are both physical and economic. These characteristics of real property drive the price of Land. To learn how to value the price of land, one must understand and get a grip of these ...
Posted by
Jeff Hardy
in Foreclosures
After a property has gone into a mortgage default, it goes through a Foreclosure Auction and if the lending institution does not find a buyer at a foreclosure auction, this property slips into the misty recesses of the lending institution. It is filed behind a door with the initials REO, ...
Posted by
Jeff Hardy
in Foreclosures
When looking for a property in foreclosure to consider purchasing, my rule of thumb is to consider only those properties with a mortgage (or trust deed) that is at least five years old. Assuming a normal rate of inflation, this means that you need to examine properties with built-up equity. ...
Posted by
Jim Johnson
in Selling
The real estate term for improvements both on and to the land is fixture. The object that becomes a fixture, and thus part of the real estate, was at one time a piece of personal property. Lumber to build a structure is personal property or chattel when it is ...
Posted by
Jeff Hardy
in Foreclosures
For sale by owners (FSBOs) are an important segment of the marketplace that you cannot afford to ignore as you search for your handyman property. Many times, you can find excellent fixer-upper properties, handyman specials, distress sales and also the pre forelcosure properties from this source.
However, because you are conducting ...
Posted by
Jeff Hardy
in Foreclosures
On the surface, it may be difficult to conceive of a person letting a house go and thereby losing any chance of getting a new mortgage loan for years. Still, this scenario takes place every day. People slip into foreclosure — sometimes passively, sometimes angrily, sometimes apathetically — but almost ...
Posted by
Tom Craig
in Home Loans
The VA guaranteed loan is a 100 percent loan. The loan amount may be 100 percent of the VA appraisal of the property set forth in the VA certificate of reasonable value (CRV) or 100 percent of the sales price, whichever is less. The VA provides this certificate, sometimes informally ...
Posted by
Tom Craig
in Foreclosures
So, what to do when a Mortgage Default come knocking and you may be running, kind of behind on your mortgage payments. Bank is sending letters after letter and your phone may be running off the hook.
I can certainly understand the frustration, but mistakes happen and this is the time ...
Posted by
Jim Johnson
in Buying
You are ready to begin your search for that bargain handyman special property that will make you a pile of money. You know it's out there, just waiting for you and your real estate agent to find it.
Like any good database of information, the MLS can be searched for key ...
Posted by
Jim Johnson
in Land
GETTING TO KNOW TWO OR MORE LANDSCAPERS IN YOUR AREA IS PART OF DEVELOPING YOUR COMFORT ZONE. It is important that you obtain some basic information early about the cost in landscaping. You will find that maintaining shrubs and plants is one of the best ways to improve the value ...