Peter of Fairway Mortgage shared a program that allows for a non rush 15 day closing. In this day and age of competition for nice homes, this helps bridge the gap for all cash offers.
This information comes via Rosa Briggs of American Pacific Mortgage and felt it was important enough to share…”I wanted to get this news to you right away! Currently those buyers with a prior short sale can buy again in 2 years using a Conventional loan with 20% down.
This is changing, effective August 16th (guidelines change by Fannie Mae). The waiting period after a short sale will be increased to 4 years, unless they qualify under the extenuating circumstance guideline.
I know I have clients this will affect as I’m sure you do too. So between now & August 16th is the sweet spot to buy. (Note: loan application must be made prior to 8/16, but can close after 8/16)
There are some other changes but this one will have the most affect right now! “
When talking ants, most people think of carpenter ants.
Here I’m with Jesse Longman of Inspections By Jesse to discuss his finding of moisture ants. If caught early, you can usually head off the problem by eliminating the thriving environment of moisture ants.
You may come across a situation when purchasing an older home that certain situations do not meet current code requirements but met them when the house was built. Here is a situation regarding stair rails. This stair rail met code when it was installed but according to today standards do not because of changes to code. In this instance, this is not considered a defect. Any request for change would be to improve. I am always available to answer any questions you may have.
Certain sides of a house or anything in particular receive the brunt of the punishment of the weather. Here in Western WA, it seems to be primarily Southern & Western exposure. The combination of the sun, wind, rain, and varying degrees can wreak havoc on wood. I am here at an inspection with an inspector and former builder who gives a good tidbit on how to address a weather battered side of a house or deck made of wood.
This was a suggested to me by an inspector in treating moss on pavement. I think killing the moss prior to power washing creates less effort when power washing. I’ve done it on my brick walls and seems to work well. I look forward to hearing how it works for you.
Here’s an item of value for those who hate house cleaning or those who just need a break. It’s a 3 package deal, each cleaning is $99 for a total of $297 which includes up to 8 work hours worth of service per cleaning. Please call Pro-Maids for further detail.
This information comes via Doug Pittman & Elizabeth Pedersen of Chicago Title. Filing Bankruptcy while being a homeowner can be confusing. Responsibilities are relieved for a fresh start but judgements remain connected to the property. A relief of judgement is possible but even that can be refused by the judge if he/she feels there is enough equity in the property to pay the judgement debtor.