Posts Tagged ‘United States’

Everything You Need to Know About Foreclosure Listings

If you are thinking of purchasing a new residential property or home to live in, then you might want to take a look at your local foreclosure listings through your local directory, or through the internet, such as www.carolpefley.com. Foreclosure is technically known as the legal process wherein an owner’s right to his property is terminated. The most common reason for this is default and other terms and agreements stated in his contract. These properties that undergo a foreclosure are usually sold at public auction. These properties are instantly added to the foreclosure listings of your city or town, the proceeds of which are given and applied to the mortgage debt that the previous owner owed; that is why these foreclosed houses and properties sell quite fast.

You may search for some of these foreclosure listings online at www.carolpefley.com that cater to these foreclosed homes and properties. It is important to know and to understand that the house was put up for sale, being a foreclosed home, because the previous homeowner was not able to pay the mortgage fees imposed on his home. Given this situation, the lender, of course, takes back his property, seeing that he cannot benefit from it. There are various legal steps also that are involved in this sort of dealing and they vary through different states.

When purchasing a home or residential property from the foreclosure listings, there are some steps that you should do before deciding on which one to buy. First, you might want to consider an investigation and thorough search of the advantages of purchasing a foreclosed home. Since there is an urgent need for the bank or lender to recover their investment as soon as possible, foreclosed homes are often sold at huge discounts.

When shopping for homes in foreclosure listings, consider an agent such as myself, at Realty World Platinum who is experienced with the job. This is important because there are some sellers who won’t allow a sale from buyers who are unrepresented. 

Written by Carol Pefley

www.carolpefley.com

Lastly, make sure to check the house for any damages and the like. Do not forget to look for foreclosure listings on www.rwplatinum.com. It would also be a good idea to ask if there are any bargaining opportunities that can save you money as well. There is also a lot of paperwork involved, so get ready for that.

Enhanced by Zemanta

How to Get Good Loan Modifications Without Getting Ripped off

Due to the rise in the prices of goods and services, a lot of people are tightening their belts in different ways—one of these ways is by applying for loan modifications for their existing ones. We admit that sometimes, we get carried away with purchasing the things we want and the things we desire without as much as thinking about them. Sometimes, we also save up for something, but unexpected circumstances get in the way, therefore redirecting our hard-earned money somewhere else. Thank goodness for these loan modifications that allow you to change some parts of your loan agreement with some banks. Given this, payments are made more affordable and you do not have to pay the default for your loan. Most banks choose to offer loan modification programs in order to make things easier for both parties.

When choosing from a number of loan modifications offered, you must be ensured that you don’t get ripped off, or end up paying more than what you bargained for; otherwise, the loan modification will absolutely make no sense, right? Here are some tips on how you can be sure to get the best loan modification program without getting ripped off. 

One of the recommended plans of action when choosing loan modifications is that you could choose to hire a loan modification specialist. I can help you sift and sort through various loan modification companies and refer you to a reputable one that is reliable and has had numerous clients who may prove this company’s authenticity. You may also call the companies referred to you by us and ask what you can expect from the company. 

It is also important to note that authentic loan modifications will usually give a written agreement stating the terms and policies of your modification. Do not completely trust various radio and television advertisements because they are often scams.

Written by Carol Pefley

www.carolpefley.com

Enhanced by Zemanta

Home buyers lack mortgage know-how

 

A new survey indicates that home buyers are ill-prepared to take out a mortgage, answering basic

questions about mortgage information incorrectly nearly half (46 percent) of the time, according to a

Zillow Mortgage Marketplace.

MAKING SENSE OF THE STORY

statements, including “The rates of 5/1 adjustable-rates mortgages always increase after years.”

Although the correct answer is false, because 5/1 ARMs do adjust after five years, but the rates

could go up or down, 57 percent of people surveyed answered this question incorrectly.

More than 1,000 home buyers were asked to respond true or false to eight mortgage-related

always buy mortgage discount points. The fact is, the decision hinges on how long the borrower

plans to own the property, and in some situations, buying mortgage discount points is not

worthwhile.

Forty-five percent of home buyers surveyed also incorrectly stated that home buyers should

by lender, incorrectly thinking lenders are required by law to charge the same fees for credit

reports and appraisals.

An additional one-third of respondents do not understand that lender fees are negotiable and vary

financing. With a pre-qualification, which is the earliest step in the mortgage process when a

lender approximates the amount the borrower can afford, the lender does not run the borrower’s

credit or request any documentation to verify the information provided by the borrower.

Survey respondents also believe that pre-qualifying for a loan means they have secured

Housing Administration (FHA) loans are available to all buyers, but instead believe only first-time

buyers qualify. In reality, FHA loans can cost less for many buyers, including repeat buyers with

low to average credit scores and with down payments of less than 20 percent.

Read the full story

Slightly less than half of the polled prospective home buyers also do not understand that Federal

http://bit.ly/mOIjsw

 

Enhanced by Zemanta

Searching Homes for Sale in San Jose CA

If you are looking for homes for sale in San Jose CA, let me tell you that you can have some of the best deals in the city when it comes to real estate and you should be prepared to enjoy a dry climatic condition throughout the year. The city of San Jose enjoys a subtropical Mediterranean climate that ensures that the land basks in sunshine for more than three hundred days in a year. The city experiences little rainfall and snow fall is rare. The winters and springs are green with vegetation and the hillsides are beautiful to behold during the seasons; the summers are comparatively dry. It tends to be warm in summer and cool during the winter months. With a fine weather combined with high economic growth and educational opportunities, the city is a hot destination among professionals and students across the world.

If you are hoping to relocate to the city for any reason whatsoever, the good news for you is that there are various homes for sale in San Jose CA available for you to choose from. Make sure that you access the internet, www.carolpefley.com,  to find the latest MLS home listings.  You just have to fill in the preferred locations in San Jose and the range of price within which you mean to buy the property. You also have the option to mention the type of house you are looking for and the number of bedrooms and baths to narrow down the scope of your search to more relevant results.

The information about best deals of homes for sale in San Jose CA is available with the experienced local real estate agents, such as myself. Using an experienced realtor is the best way purchase a property as they are the experts in the field and have negotiated multiple real estate transactions. 

A local San Jose realtor can be of immense help while you are searching for homes for sale in San Jose CA.   Realtors such as myself have been in this industry for long time, so they have good contacts and resources and  are familiar with the properties and homes in San Jose CA area.  I know how to tackle the paper work and can help simplify your home searching and house buying procedure significantly.

Feel free to contact me for all your real estate needs.

Written by Carol Pefley

www.carolpefley.com

Enhanced by Zemanta

Mortgage mod test becomes clearer

Mortgage borrowers who are turned down for loan modifications may now get additional information that could help them understand why they didn’t qualify under the so-called “HAMP test.”

Read the full story

Enhanced by Zemanta