Real estate blog entries tagged with mortgage advice by Bill Nazur

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Home : Blogs : Bill Nazur : Bill Nazur--Mortgages and Advice Across America : Tag "mortgage advice"

mortgage advice: Listing Realtors Beware: Threatening a Lender with a Notice to Perform? Please.....talk to the Buyers Agent.... - 02/08/09 06:05 PM

I guess over the years, you can say that you've seen it all, heard it all, and dealt with almost every situation in the book, or so I thought..............
Needless to say, emotions are running high these days between buyers, sellers, realtors, lenders, and every other interested party, including the media. As it relates to the lending side, now more than ever, it is critical that residential purchase agreements along with all counteroffers and addendums are properly disclosed to all parties to avoid any possible concerns in the middle of a transaction. If you have a verbal agreement of any sort, … (10 comments)

mortgage advice: Prepayment Penalties Waived 90 days prior to rate reset! - 09/18/07 01:28 AM

This applies specifically to California loans, though I'm sure there are similar civil codes in other states.
Wow.....I actually like this liberal policy!! YIPPEE!!!
OK, back to reality.....seriously.....I believe that this can help plenty of distressed homeowners....not the ninnies who are whining about their increase......or the ones who took cash out once a year for 5 years straight, but the ones that are TRULY faced with a rate increase that they cannot handle......
California Civil Code 1916.5.5
(5) The borrower is permitted to prepay the loan in whole or inpart without a prepayment charge within 90 days of notification ofany increase in the … (19 comments)

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Bill Nazur

Corona, CA

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Address: Corona, CA, 92882

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All Real Estate....all the time....how Real Estate can help you achieve your goals, as well as what is wrong with the industry. Pure, unabashed honesty. Critical to my mission is to help underserved families and communities improve their position to create a legacy for their children.

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