What happens with your reverse mortgage after you die depends on if the person you want your house to go to is a co-borrower, a non-borrowing spouse, or an heir. Most of the time, a spouse will keep the home and get to stay in it, but that isn’t always the case. Let’s take a …
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Construction to permanent loans are a way for you to get the money you need to both buy the land your house will be built on and to pay for the construction of it. These loans are a good option if you have reached a point of financial stability in your life and want to …
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Buying a house with a bad credit score Is easy when you have the right tools. And that is what this guide will help you with. The easiest way to buy a house with bad credit is to see if you apply for a government backed loan like the FHA and USDA options. These two …
Don’t worry – a zombie property has nothing to do with animated corpses. Instead, a zombie property is a home that is in limbo because the homeowner did not know they retained ownership and the property began to further deteriorate. In many cases this can be a gold mine for real estate investors, and also …
What is a Zombie Property and is it a Good Investment? Read More »
While pre-approval and pre-qualification are both important when buying a home, there are slight differences that impact how smoothly your transaction will go. Both statuses also occur at different stages in the home buying and selling process. Pre-qualification is the first step in the homebuying process and pre-approval is the next. For both you will …
Pre-Approval vs Pre-Qualified: What’s the difference? Read More »
When you’re approaching the closing table and the title search is complete, you’re going to see the deed to the property you are buying or selling. This is when you’ll come across the terms Grantor and Grantee. Grantor and Grantee are legal terms for the people, companies or entities that are buying and selling a …
If you are ready to save money on your corporate taxes as a real estate agent, investor or small business, we are here to help. Registering with the IRS to form your corporation is easy, and form 2553 is simple when you know what to fill out and how. The TL:DR version is by marking …
An appraisal contingency is a clause in a purchase contract that allows a home buyer to back out of the agreement without losing their earnest money deposit if the house is appraised for less than the purchase price. The appraisal contingency is commonly used by buyers in areas where prices are volatile like California to …
A “quiet title” is a name given to a legal proceeding that takes place in civil court when someone makes a claim about the rightful ownership of a property during a real estate transaction. A “quiet title action” is the evidence provided by the person defending their ownership. The questions about ownership can come from …
The differences between pre-foreclosures, foreclosure auctions, and REO foreclosures (real estate owned) is that each one is a step in the foreclosure process instead of being a type of foreclosure. Each one of these steps follow one another and each one has opportunities for you to save your house, although they diminish as each progression …
Pre-Foreclosure, Auction, REO: What’s the Difference? Read More »
