So you got the home you wanted, now what? Well, don't end your relationship with your Realtor and Loan Officer thats what! But what else is there for your Realtor and Loan Officer to do? Plenty. Schedule "Home Checkups" every 6 months to review your mortgage, property tax bills, home value and homeowner Insurance policies. Find ways to save on them and/or pay them off early. Allocate 2% of your purchase price for yearly property maintenance and upkeep. Avoid deferred maintenance as it will bite you in the end. Besides, this is … (0 comments)
An REO is property that has been foreclosedon by its lender. The title has been transferred to the foreclosing entity - the lender, which is normally a bank. Presently, banks foreclose on a property because either the homeowners can no longer maintain monthly mortgage payments or because the homeowners simply walked away from the property because it is now worth less than what is owed (i.e. borrower owes $500,000 on a property that is now only worth $300,000 in the market). Aside from equity loss, banks spend … (1 comments)
tips for homebuyers: 6 Tips For Buying An REO (Bank Owned Property) in Milpitas CA
- 05/18/11 12:18 PM
6 Tips Buying An REO (Bank Owned Property) in Milpitas CA Hire a professional and experienced REO agent who can help you navigate the complexities of Buying an REO (bank owned property) in Milpitas CA. An REO agent who has listed REO's would have the knowledge to put the 6 Tips For Buying an REO in Milpitas CA to good use. Get pre-approved A pre-approval let's you know how much home you can afford. Sellers of REO's, specially the big banks, do not want to waste time as every day they carry the REO costs them. A pre-approval shows the asset … (0 comments)
tips for homebuyers: HOMEBUYERS – Take These Steps Before Making An Offer in Milpitas CA!
- 05/17/11 10:00 AM
HOMEBUYERS – Take These Steps Before Making An Offer In Milpitas CA § HOMEBUYERS – Take These Steps Before Making An Offer in Milpitas CA! Before going out to look for homes with a Realtor, seek out a loan officer, preferably one from a major bank or retail mortgage lender, and get yourself a pre-approval. You will eliminate much frustration in your search when you know how much property you can afford. Plus, sellers, especially asset managers of bank owned properties, will take your offer more seriously.
§ Because purchasing a home requires disciplined responsibility and a huge amount … (0 comments)
Milpitas CA Buyer, After the Close, Now What?
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