Death, Divorce and Distress in Closings

Death, Divorce and Distress in Closings

eathivorceistress The 3 D’s will almost always delay a closing if they are discovered late in the game. DEATH If the property is held by someone who has passed away there are steps that must be taken to sell the property. If the property is held as “Joint...
Home Prices Rise Most Since 2006

Home Prices Rise Most Since 2006

Home Prices continued higher for most of the metropolitan areas examined in the most recent quarterly report by the National Association of Realtors® (NAR).Median prices for the report were based on closings in the 3rd quarter. The number of MSAs with higher prices...
Credit Repair: How to Tell Fact from Fiction

Credit Repair: How to Tell Fact from Fiction

While the real estate market and the overall economy continue to demonstrate signs of improvement, the current lending environment is still a dicey road for many prospective homebuyers. Stringent credit requirements are still widespread among lenders, making improving...
10 Commandments Home Buyers Must Follow

10 Commandments Home Buyers Must Follow

1. Thou shalt not change jobs, become self-employed or quit your job 2. Thou shalt not buy a car, truck or van (or you may be living in it)! 3. Thou shalt not use credit cards excessively or let your accounts fall behind. 4. Thou shalt not spend money you have set...
How to Calculate a Payoff

How to Calculate a Payoff

With current home values being so low, many sellers are bringing funds to closing instead of receiving a proceeds checks.  Payoffs are being questioned, challenged, and double-checked, so it is important that sellers and their agents understand how a mortgage payoff...