Why a Short Sale? - 09/20/08 02:54 PM
It's beneficial  for the seller that is having difficulty making their monthly payment, and owes more on the property than it is worth in the current market.  Because they're going to be forgiven a large portion of the money they owe, and are saving their credit (way better than a foreclosure on your credit report). It also helps you leave your situation with dignity. Please call for further information if you are in a situation where you need to sell, and you owe more on your house than it is worth. It is not so uncommon these days. For additinal information on the advantages of short sale vs foreclosure … (0 comments)

How a Short Sale Works - 09/20/08 02:42 PM
A short sale is beneficial for a homeowner that owes more on their home that it is worth. The homeowner can sell their property  before a foreclosure takes place if they are 2 months late on their . The listing price is determined by broker price opinions, recent comps in the area and the condition of the home, and ultimately, in a short sale, the lender agrees to accept less payment than what is actually owed to them.By definition, any homeowner that is two months late on their mortgage payment and can also demonstrate the inability to pay their mortgage would be considered … (0 comments)

What is Title Insurance - 09/20/08 02:22 PM
Title insurance is a one time insurance premium that covers you against legal problems regarding claim to your property. These potential problems can be caused by mistakes and irregularities that may have occured in the past. Typically the seller purchases a policy to ensure that the title that is being transferred is clear of any liens or encumberances. The buyer purchases a policy for the lender to insure that they title will not be clouded when the time comes to sell, and that if it is the bank is not liable.
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What Are Closing Costs? - 09/20/08 01:39 PM
Closing costs include services required for a property to change hands. These services include title work, appraisals, inspections, document preparation, recording fee and other expenses.
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Jane McMullan, Jane McMullan, REALTOR (Re/Max Pace Realty)

Jane McMullan

Jane McMullan, REALTOR

Valparaiso, IN

More about me…

Re/Max Pace Realty

Address: 1805 E. Lincolnway , Valparaiso , IN, 46383

Office Phone: (219) 464-2121 x 140

Cell Phone: (219) 508-3598

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Real Estate Blog covering general real estate information and listings.


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