We live in (A California city). In a 2 bedroom 1 bath home on approximately a 20,000 Sq. ft. lot. It is easily worth 500K to 600K with a current mortgage of $116,000. The mortgage/Title is in the name of my father and his wife 90% and myself and my wife with a 10% interest. …
Continue reading “Issues with Family Transfers of Real Estate”
I’ve seen a fair number of questions on impound accounts in the last several months. An impound account, also known by the confusing term escrow account because the lender is holding it in escrow, is money that you give the lender in order to pay the property taxes and homeowner’s insurance on the property. The …
(This was originally posted in 2006) One of the occasional questions I get from people has to do with why the housing bubble got so big (or if you’re one of those still in denial about it, how prices jumped so far so fast). This has to do with several factors. Legislation made real estate …
Continue reading “Fear and Greed, or How Did The Housing Bubble Get So Big?”
I saw your article on on Searchlight Crusade about exclusive buyers agents and I have a couple follow up questions pertaining to my own situation that I am hoping you could shed some light on. I don’t have any buyers agent (currently). However I have spotted 2 houses in an area that I think I …
Continue reading “Facts Of Life On Buying and Selling “Without an Agent””
(With apologies to the late great DeForrest Kelley) Just got off the phone with an agent I know who had an interesting experience today. One of this agent’s listings called. Actually his significant other did, because the guy fell down in pain. Still somewhat conscious, but in lots of pain. Now, if I were in …
Continue reading “Dammit Jim, I’m a Real Estate Agent Not A Doctor!”
No, I’m not turning into a country western singer. Just got a search for “no closing costs no points loan cheapest rates loan”. The visit (to this article) lasted less than a full second. The obvious implication was that it wasn’t what that person was looking for. As I have said before on many occasions, …
Continue reading “Looking For Loans In All The Wrong Places”
