realtor association hotline: Keep Personal Property Out of Your Real Estate Transaction, Please
- 12/26/13 05:11 PM
Keep Personal Property Out of Your Real Estate Transaction, Please
Speak with any mortgage loan originator about the subject of personal property in purchase agreements/offers to purchase and you'll probably hear the same thing from each of them. They'll tell you that lenders don't write thirty year mortgages over personal property with a useful life of maybe three to five years. Real property and personal property aren't the same and they don't mix.
We see a lot of transactions in our remote part of northwestern Wisconsin (primarily a recreational and second home market) which involve a seller transferring furnishings and other personal property items … (0 comments)
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Keep Personal Property Out of Your Real Estate Transaction, Please
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