Home buyers who are seeking a loan find out early-on that their credit scores play an important part in the loan approval process and in determining the interest rate that a lender offers. What is a credit score? When you apply for credit whether for a credit card, a car loan, or a mortgage, lenders […]
With the housing market in full recovery mode and home values on the rise you might be considering tapping some of the equity in your home. Those considering this option should do their homework first. The time you spend now could save you heartache (and plenty of money) in the future. Take these four steps before signing […]
If you are the holder of a FHA mortgage and if you’re currently having trouble making your monthly mortgage payment, or one who is already in default, you’ll be happy to learn that FHA short sales are some of the easiest to process. The reason FHA short sales tend to be easier than conventional short […]
If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount is usually taxable. The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in […]
Question: How long will a foreclosure or bankruptcy show up on your credit report? Answer: A foreclosure can be reported on your credit report for seven years from the date the foreclosure was filed in the court. Bankruptcy, legally can remain for 10 years from the date you filed – not the date of discharge […]
Homeowners who cannot pay the mortgage may be desperate to get rid of their obligation. Depending on their situation they may have a few options available to them: refinance, loan modification, short sale, foreclosure or bankruptcy. The single worst thing any person can do to her FICO score is to have a serious delinquency such […]
So you attempted to sell your home by owner, or with an agent, it didn’t sell and now you’re feeling frustrated and discouraged and aren’t sure what to do next. Before you put your home back on the market, take a step back and review your situation. Usually when a house doesn’t sell it’s due […]
Do you know what your Real Estate Listing Agent does, exactly? Surveys show that many homeowners and home buyers are only vaguely aware of the services their real estate agent performs during the course of a real estate transaction and the true value their provide. Many of the most important services and steps are performed […]
Q: What is the difference between an appraisal and a competitive market analysis (CMA) A: An appraisal and a comparable market analysis (also referred to as competitive market analysis or CMA), are both used to determine the market value of a particular property. In a perfect world, we would like to think that both appraisals […]
If you owned a house that was now worth significantly less than what you owe on your mortgage, ie you were œunderwater, would you walk away from the home and default on the mortgage? If so, you’d have plenty of company according to a national survey by Reecon Advisors. Their study indicates that nearly one […]
Follow Us
Follow Us
Copyright © 2025 | Information deemed reliable, but not guaranteed. | Privacy Policy
Real Estate Web Design
by Dakno Marketing.
