Realtors: BEWARE! Latest SCAM! - 07/27/08 10:12 PM
Have you heard of this one?  There are scam artists taking down the signs in front of homes that have been vacated due to foreclosures. They are NOT taking the sign for the fun of it!
They have professional locksmiths key the home and they then advertise they have homes for RENT. 
They rent the FORECLOSED home they do NOT own to some unassuming renter(s) and they collect first, last and security deposit. 
They give them the key and off they go onto the next home to do the same thing all over again!
So, beware when you think some teenager may have … (13 comments)

Realtors: In this market, isn't it a good idea to have the seller invest in an appraisal and not just have a CMA done? - 07/26/08 10:34 PM
With the sizzling competition on obtaining listings, many homes are sitting on the market because of realtors over-pricing the home because they wanted to obtain the listing.  Then when the home does not sell, they suggest to the home owner that the price be dropped.
Wouldn't it be best if the seller invest in an appraisal and really know the true value of the home, instead of believing in a realtor's estimate and hoping for the best?  The seller can always pass on the appraisal as an incentive to the buyer, thus saving the buyer some cash.
Yes, not all realtors … (3 comments)

The bank is going to foreclose on a property because the borrower can not afford the pre-payment penalty! - 07/26/08 10:00 PM
Another unbelievable story of tragedy.  I have a client who is trying to avoid foreclosure by having her daughter buy the home.  The appraisal barely came in to pay off the mortgage.  We just found out the mortgage has a pre-payment penalty.  They do not have enough money to pay the penalty which is expiring this October. 
So, the bank, instead of waiving the penalty, is going to foreclose!  I have a full approval for the daughter, but they do not care.  They want the pre-payment penalty.
Now, how foolish is this?  They are going to lose way more than that … (6 comments)

PROTECT YOUR SAVINGS!!!! - 07/26/08 09:31 PM
The FDIC covers up to $100,000 per account.  So, you can have one account in your name and one account in your name and your spouse's name and be insured up to $100,000 per account.
BUT, if you have over $100,000 in any one account, you are only insured up to $100,000. So, transfer the excess to another account in a different name within the same bank OR transfer the excess to another bank.
Better safe than sorry, I always say!
Ann Sabbagh
www.annsabbagh.com
Vice-President Seacoast Mortgage
Home Sales Consultant
508-243-1190
 
 
 
… (0 comments)

2.2 million homes on the market for sale! How much further will home prices slide? - 07/26/08 09:22 PM
Ok, there are so many opinions out there.  We all know the supply/demand theory.
Have we seen the worst of the slide?  Can we see 20% more deterioration in home prices?  Some areas seem to be insulated, i.e. the Boston area, but most locations are being hammered.
What can turn around this slide?  Can the new FHA guidelines help some.  Is it enough?
What do you think?
Ann
www.annsabbagh.com
Vice-President Seacoast Mortgage
Home Sales Consultant
508-243-1190
 
… (1 comments)

Home Sales Consultant, e-PRO Professional Financial estate planner, 1031 Exchange! - 07/26/08 02:02 PM
HOME SALES CONSULTANT
Are you thinking of selling? In a market with so many homes for sale, you need ALL the tools to sell your home.  As a financial planner and an owner of a mortgage company, I have seen what works in the marketplace and what does not.
Before you list your property or if you have a listing expiring, call me today for a complimentary analysis of how to BEST sell your home.  You will be GLAD you made the call!
Testimonial:  "Ann met with us and within 4 weeks, we sold our home for $8000 more than we … (1 comments)

 
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Ann Sabbagh, President, Sr. Loan Officer

Pawtucket, RI

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Seacoast Mortgage Corporation, RI, MA & CT

Address: 267 NEWPORT AVENUE, PAWTUCKET, RI, 02861

Office Phone: (401) 475-1600 x 306

Cell Phone: (508) 243-1190

Email Me

Seacoast Mortgage: Your place for:RI loans, MA loans, CT loans, FL loans, commercial loans, residential loans, FHA, VA, USDA, 100% financing, FSBO (for sale by owner) assistance. Find a loan in RI, find a loan in MA, find a loan in CT,RI mortgages,CT mortgages,FL mortgages,MA mortgages. Do you qualify for a loan? At Seacoast Mortgage, we qualify you within your means. What you can afford is different than what you qualify for. Call us today!


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