banks: Beware of Undisclosed Liens! - 02/09/10 02:05 PM
Whenever any sale is negotiated, the new buyer should be buying the property free and clear of all liens.  All liens have to be paid or negotiated in the short sale.  If the new buyer is purchasing with a mortgage, the new mortgage holder will require a thorough analysis of title to make sure no other liens exist and also require title insurance to insure that nothing was missed.  In the past, it was cutomary to get this title work prior to closing.  It's important to get it done as soon as possible in today's market. 
There is more danger for … (2 comments)

banks: There is No Strategy in Strategic Default for a Homeowner - 02/05/10 05:46 AM
We cannot play by the old rules in today's times.  The old rules and moral obligations oftentimes do not apply.  The next wave of foreclosures are going to be the owners that have been paying their mortgages and their escalating fees despite the falling market.  The ones that have been doing the right thing thinking that it will all pay off in the long run.  These owners are coming to the conclusion that it is fiscally irresponsible to continue to pay on a home at the risk of their other financial needs.  It not only is damaging to their personal financial position … (0 comments)

 
Diana Cessna (Effective Technical Group, LLC)

Diana Cessna

Tampa, FL

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Effective Technical Group, LLC

Address: P.O. Box 1132, Valrico, FL, 33595

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