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buyers: The 3 Year Interim Binder.. . - 03/29/09 09:10 PM
The 3 Year Interim Binder
As more and more people buy property for investment or speculation, the Interim Binder becomes a more important tool. The Interim Binder is not, in itself, a policy of title insurance. When issued however, it binds the insurer to issue a policy of title insurance within three years. By utilizing the Interim Binder, principals to a transaction can realize a substantial savings in the cost of title insurance.
Here's How It Works:
Cost = 110% of HOP Rate
Time Parameters = Must resell within a 3 year period or buy a one year extension for … (2 comments)
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buyers: Snag a great deal on a Short Sale - 02/07/09 02:49 AM
As more homeowners find themselves underwater -- owing more on their mortgage than their home is currently worth -- and unable to make the monthly mortgage payments, many are turning to short sales, which allows a homeowner to sell their home for less than owed on the mortgage. With the lender's approval, home buyers can purchase properties in desirable neighborhoods and at favorable prices.
• According to real estate Web site Zillow.com, 14 percent of homeowners nationwide are currently underwater. In some areas, especially those hardest-hit by foreclosures that have experienced the greatest price declines, more than 50 percent of homeowners would … (6 comments)
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buyers: Understanding the Housing & Economic Recovery Act - 12/08/08 11:23 PM
This is a mouthful of information - but very informative if you own Real Estate. If you are unaware of the Housing & Economic Act or don't quite understand it - Please read through this & refer to the links for further information. If you have any questions or need to speak with us directly, you may do so at anytime.
H.R. 3221, the "Housing and Economic Recovery Act of 2008," passed the House on July 23, 2008, by a vote of 272-152. On Saturday, July 26, 2008, the Senate passed the bill by a vote of 72-13. The President signed … (6 comments)
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Pederson Properties, Inc.
La Quinta,
CA
More about me…
HK Lane La Quinta & Prudential Maui Realtors
Address: 78-100 Main Street Suite 108, La Quinta, CA, 92253
Office Phone: (760) 834-7500 x 4900
Cell Phone: (760) 575-4847
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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