Title insurance comes in two basic forms. The first one is the policy for lender also known as loan policy and policies to the buyer. Most lenders require borrowers to get this policy to protect the property interests of the mortgage lender, which usually decreases over time. Buyer policies safeguard the interests of the buyer, … [Read more…]
Buying a house is not something that you do every day, so the decision should be made carefully. The following tips can assist you in coming up a sound decision. The process to buy a house is much easier than before, since you can search real estate offers from anywhere, and with few clicks, it … [Read more…]
If you have finally decided to purchase the house of your dreams, but you have a small budget, you can still buy that dream house with the purchase of a foreclosed home or foreclosed house. Foreclosure is the legal process of recovering the loan balance of a borrower who has stopped making payments. How to … [Read more…]
Let’s say that you are planning to buy a foreclosed luxury home in Jacksonville. In doing so, you need a lot of study and research on some listings you have already visited. Yes, buying a foreclosed property requires a lot of the investigation and other required planning for you to have a smooth transition. What … [Read more…]
There are some renters that have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. When you own your own home, you get … [Read more…]
The National Association of Realtors (NAR) just announced that the February Pending Home Sales Index reached its highest reading since July 2015. What is the Pending Home Sales Index (PHSI)? NAR’s PHSI is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by … [Read more…]
In today’s market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers. The Top 5 Reasons You … [Read more…]