Interest Rates as of June 13

Interest rates remain historically low which means being able to purchase a larger house more possible than ever. I team up with the Mortgage Moms Team of Evergreen Home Loans to make your dreams come true. Interest Rates 13 June

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Real Estate Financing Update

There has been lots of chatter regarding financing for home purchases as well as changes in a Purchase Agreement that affects any aspect of buyer’s loan which in turn affects closing. Amy Benedetti of Vitek Mortgage (206-459-5747 or abenedetti.teamvitek.com) has generously agreed to discuss this matter in further detail.

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Financing for 15 Day Closing!

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.

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Qualifying to Buy After Selling Short

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…

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Another Satisfied Client

“I first met Sandy several years ago when the realtor handling my condo short sale decided to retire, and passed me along to Sandy. I was uncomfortable with the idea of working with someone I didn’t know, especially on such an personal situation (losing my job and having to sell my first home). I couldn’t…

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Homes With Existing Tenants

Are you looking at a house to purchase AND the house has an existing tenant? If you’re thinking that you can just evict the tenant so you can move in, not so fast. There are definitely some things to consider. Even if you plan on keeping the property as a rental, has little pearls of…

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Title And A Few Differences

The word title is a collective term for all your legal rights to own, use and dispose of land. Title includes all previous ownership, uses and transfers. In order to insure the transfer of real estate property, a title search must be performed. Title insurance protects against the possibility of future loss should your legal…

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Filing Bankruptcy As a Homeowner

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…

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Contractor Liens

Frequently repair work is done on property prior to the closing of a sale. What if the seller doesn’t pay for the repair work and a mechanics lien is recorded after the closing? Keep in mind that the priority of the mechanics lien is established when the work begins, not when the lien is recorded.…

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Easements & License Agreements?

Ever wonder if easements stay with the land or if they are just granted to a particular person? It really depends on how it is set up. When a new easement is created it must be signed not only by the owner of the property it will cross but also by any mortgage holder. If…

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