New HERA regulations may affect borrowers’ closing expectations. A new government regulation went into effect July 30, 2009. This regulation requires all mortgage lenders and brokers to provide Truth in Lending ( TIL) disclosures to borrowers according to a defined schedule. This schedule may alter the loan closing date. This regulation is in the best [...]
Continue reading about The Housing and Economic Recovery Act ( HERA)
The average American moves 12 times in a lifetime. Many people feel like they’ve moved 12 times after doing it once. That’s because they move stuff they no longer use.
1. Don’t move it if you don’t want it. Many people move all the clutter they don’t want or need. Identify the unwanted items and get [...]
Unless you plan to pay cash, you will need a recent preapproval letter from a lender. The letter will describe how much money you can borrow based on the lenders assessment of your credit score and income.
Usually buyers want to find the house first and then work out the financing. The problem with this is [...]
Continue reading about Tips for Buying a Foreclosed Home ( continued )
According to the National Association of Realtors, foreclosures and short sales accounted for one third of home sales in May 2009.
Buying a foreclosed home is a little different from buying a typical resale home.
In many cases only one real estate agent is involved.
The seller wants a preapproved letter from the lender before accepting [...]
Home builder Shelby Homes announced Wednesday it has reduced prices up to $100,000 on single family homes at Millstone Landing in Vero Beach. The company said that “only a limited number of homes” are remaining in the community.
Millstone Landing is being touted by the company as “luxury” homes among 18 lakes and a nature preserve.
Home [...]
What do you get when you mix classy boutiques, historic locations, four star beachfront hotels and beachfront shopping for fresh produce?
You get Vero Beach:an ideal vacation spot that doesn’t cost an arm and a leg. Centrally located on Florida’s Treasure Coast, the perfect place to get away is no farther than the charming small town [...]