loans: Who Owns My Mortgage? - 04/28/09 07:31 AM
Who Owns My Mortgage?
by Ralph Roberts
When trying to contact your lender to work out a payment plan or some other deal, knowing who owns your mortgage can be very helpful. Unfortunately finding out is not as easy as it sounds. You should be able to call the phone number on your last mortgage statement or the number in your payment coupon book and connect directly with your lender.
More often than not, this merely puts you in touch with the servicer - the business that collects and processes your payments. In some cases, the servicer is prohibited from divulging … (4 comments)
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loans: Law of Contrast - 09/11/08 08:37 PM
Law of Contrast
by Bob Hafer
Think about how much income you've lost because of your inability to persuade. How many times have you been unable to convince a good prospect to buy a home you knew met all criteria but couldn't close the sale? I believe the way to improve sales lays in your ability to incorporate the law of contrast into your sales presentation.
When people visit a home they immediately do three things. They look, compare and contrast. They look to understand what is offered. They compare to make sure what they see satisfies their buying criteria … (5 comments)
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loans: Trust Deeds, Mortgages, Contracts, Warranty Deeds: What are They? - 05/27/08 12:06 AM
Trust Deeds, Mortgages, Contracts, Warranty Deeds: What are They?
by Clifford Hockley
Charles was confused. He was trying to buy a four-plex, but just did not understand the real estate jargon.
Deeds, trust deed, contacts, mortgages all were words he thought he knew, but in the end really did not understand.
He was sitting in his real estate broker's office embarrassed that he did not understand, when the broker Mimi, said to him,"You know, the language of real estate can be very confusing. I have prepared a short summary of terms that might be helpful to you as we move … (7 comments)
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