“overpriced house offer rejected what next” (Before I get started, I want to make it clear that I am using the same definition of worth found in this article: A property is worth what a willing buyer and a willing seller agree on and consummate.) The seller obviously didn’t feel that it was overpriced. Given …
Author Archives: admin
Recurring and Nonrecurring Closing Costs
Many people are uncertain as to what closing costs are. Basically, they relate to the costs of doing the transaction. There are people who work on getting your loan through the process of approval and funding, and those people have got to be paid. Anytime you’re talking about a fee for a service that needs …
Real Estate Loans: What If One Spouse Has a Bad Credit Score?
There are several possible options to deal with this issue, depending upon the exact situation. For A paper, both spouses must qualify, credit score-wise. The way around this is a quitclaim to the spouse who has a good credit score as sole and separate property. The catch is that then the good credit score spouse …
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Real Estate Boycotts
<blockquote> I simply love “Fear And Greed: How did the real estate bubble get so big” I’m not sure if you are aware that there is a grass-roots group that is starting a “boycott on housing.” They feel that the prices in the San Francisco Bay Area are unreasonable. It’s kind of interesting. The website …
Property Taxes and Whether They Were Paid Through Escrow
my prorated property taxes came were paid at closing but now I’m getting a delinquent tax bill You mean they were supposed to be paid at closing. There are two major possibilities: 1) They were not, in fact, paid 2) They were paid, but were miscredited, or they were properly credited, but your county goofed …
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President Bush and Emmanuel Goldstein
(This is a historical post, and applies to every Republican president since Nixon at least to my personal knowledge. Time has taken some of the bloom of President Bush, mostly due to political constraints placed by others) The Anchoress has a much needed perspective on President Bush. I am neither religious nor conservative, and yet …
Long Term Care Issues
One of the two most undersold financial products is long term care insurance. Yet it is a critical need, ranking just below disability insurance in the estimation of most financial planning agencies. Long Term Care is already a large part of our nation’s health care costs. In 2002, the last year I actively worked as …
What Can You Recover From the Title Company?
“what can a consumer recover from title company for undisclosed easement” Basically, the cost of the immediate remedy, at least here in California. Here’s a standard example. Mr. and Ms. Smith buy a property and they wish to put a pool in. The purchase process reveals no easements and they quickly take possession of the …
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Debt Consolidation Services
In my experience, these are death to your credit rating. Why? Because of how they work. The short story is they get your creditors to agree to accept some lesser number of dollars for your debts. The creditors, for their part, aren’t happy about this. They often mark you as not having paid in full. …
Can Someone Be Added To An Existing Mortgage?
Got a search for that, and it occurred to me that it is a valid question. The answer is yes. The degree varies. You can simply contact the bank to make yourself responsible for payment. They are usually happy to do this, although unlike revolving accounts you typically will not receive back credit on your …
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