With so many bank owned properties falling out of escrow I wanted to touch upon the selling term "As-Is" and what it means in Redding Ca Area Real Estate transactions involving REO's. The term As is means as you see it...with all faults! Does it mean the bank or government agency will never ever
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01/27/2011
There appears to be quite a problem in the local market place,possibly around the country on what, exactly, the term "As-Is" means.Such a problem that approx 40-50% of all escrows that fall out are a result of this! Lets take a look at this term from different sources. From a California Realtor
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01/27/2011
If you or your clients are financing with a Conventional loan things have changed! It's called Risk Based Financing....those with not stellar credit scores or those with not a lot of skin in the game will be paying dearly. Examples have shown that if you are putting less than 25% down on the home
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01/11/2011