Dec 15, 2010 | BUYER'S ADVICE
You have an executed contract on the home of your dreams. You’ve determined that there are no defects on title and you have done inspections amd resolved anything that came out of that process. Now it’s time to order an appraisal. The appraisal is an...
Nov 29, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
What is Loan Modification? It’s an inexpensive way to stay away from foreclosure (no appraisal fees, surveys…). Loan modification differs from refinancing (which requires you to have equity). With loan modification you negotiate new terms for your...
Oct 4, 2010 | BUYER'S ADVICE
The biggest upfront cost in purchasing a home is the down payment. Traditional lenders typically expect borrowers to put at least 20% of a loans total amount down. If a borrower is unable to do that, they are required to purchase Private Mortgage Insurance (PMI),...
Sep 20, 2010 | BUYER'S ADVICE
Applying for a loan can seem like a daunting task. Use these tips as a starting point and make it easier to understand what you’re getting yourself into. You should ask your lending institution for a list of its current mortgage rates. Also ask the lender...
Nov 16, 2009 | MIAMI REAL ESTATE, SELLER'S ADVICE
There are many questions surrounding the deed-in-lieu of foreclosure, so here are some answers. A deed-in-lieu of means that the borrower conveys all interest to the lender in order to satisfy the loan that’s in default and avoid foreclosure. This process is...
