Archive for January, 2010
The Do’s and Don’ts of Buying a Short Sale
Frieda Lencioni, Realtor for Century 21 M & M Real Estate Modesto, says, “The most important thing for a Buyer to consider before moving forward on a Short Sale is to make sure that your Buyers Agent is (very)experienced in this type of transaction”. Short Sales for Buyers can be very challenging to say the [...]
Read Full Post | Make a Comment ( 8 so far )The Short Seller; A Sellers Option
According to Susan Santucci, Century 21 M&M Real Estate Agent in Oakdale, CA, “For home owners that can no longer afford to keep their mortgage payments current, a Short Sale is an option to consider in order to avoid bankruptcy or foreclosure.” Essentially a Short Sale in real estate means the lender is accepting less [...]
Read Full Post | Make a Comment ( 5 so far )Buying Foreclosures, REO’s
Frank Beltrami, Century 21 M&M Real Estate agent in Oakdale states “With the large number of bank owned homes (REO’s) on the market, low interest rates and the $8,000 Homebuyers Tax Credit, we have a ‘perfect storm’ situation for first time homebuyers.” The California foreclosure crisis is in full swing with no end in sight. [...]
Read Full Post | Make a Comment ( 3 so far )New RESPA Rule, Effective January 1, 2010
As of January 1, 2010, Century 21 Mortgage, Century 21 M&M Real Estate Agents and all of the mortgage and real estate professionals (nation-wide) have a new final RESPA Rule established by HUD “To Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs.” The Real Estate Settlement Procedures Act, (known as [...]
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