yorba linda: Buyers, Do Your Financial Homework
- 07/22/10 12:04 PM
The loan approval process has become increasingly difficult in today’s financial real estate market. Banks continue to lose millions of dollars through shorts sales and foreclosures which significantly affects the way they quantify a new buyer. Therefore, the loan process can be a complex and sometimes frustrating process. First, find a direct lender you trust and stay with them. If you are in escrow, you can’t change lenders without jeopardizing the transaction. Buyer contingencies are supposed to be removed in 17 days which means that you should have your full loan approval by then. If you switch lenders, you won’t … (1 comments)
yorba linda: HOW TO BUY A FORECLOSURE
- 05/25/10 05:37 AM
You want to buy a foreclosure? Remember, there are both great opportunities and great pressures and pitfalls in this market. First, you have to decide at what stage of foreclosure you want to buy. There are three options: 1. pre-foreclosure; 2. sheriff’s auction; 3. repossession, called REO (for real estate owned by the bank). The safest and best way to buy is when it’s a bank-owned property. At www.yorbalindaliving.com you have access to all of the Pre Foreclosure, Bank owned and Auction properties in your search area. Short Sale or Pre-foreclosure: These homes are in the foreclosure process, but they have … (0 comments)
The loan approval process has become increasingly difficult in today’s financial real estate market. Banks continue to lose millions of dollars through shorts sales and foreclosures which significantly affects the way they quantify a new buyer. Therefore, the loan process can be a complex and sometimes frustrating process.
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