Archive for the 'Options for Home Owners' Category
REVERSE MORTGAGE HOMEOWNER DIES: NOW WHAT HAPPENS?
[caption id="attachment_19080" align="aligncenter" width="300"] Reverse Mortgage Loan App[/caption] FROM : https://reverse.mortgage/ ask the servicer By Ryan LaRose In normal, or traditional “forward” mortgages, provisions in the loan documents for the death of the borrower are not often utilized. Given that the reverse mortgage product is designed exclusively for older adults, it’s imperative that reverse mortgage industry professionals are familiar with the standard processes of what occurs once the last surviving borrower passes away. This is an inevitable topic when discussing the unique servicing requirements of these loans and the death of a reverse mortgage borrower is an ultra-sensitive issue that servicers are required to face on a daily basis. Whenever death enters the reverse mortgage servicing process, the servicer must work very closely, and sensitively, with the estate or heirs. It requires the servicer to...
The 4 MOST IMPORTANT Measurements That Define a “SHIFT”
[caption id="attachment_19068" align="aligncenter" width="422"] THE 4 EARLY SIGNS OF MARKET CHANGES[/caption] Is there any way of knowing before it happens? How do you know if and when the market has topped? When the Sacramento area real estate market changes, does it happen all at once? Everywhere at once? How long does it take before you can really tell for sure? Is your area's real estate market beginning to shift? Depending on your neighborhood, your price range and your personal situation- it may be time to take a snapshot of the market and the trends... The most difficult thing about a Real Estate Market shift is we NEVER know for sure whether we are in a slight market adjustment or a major market retraction or just...
Home Repairs with the Best Return on Investment
[caption id="attachment_18950" align="aligncenter" width="301"] Neat, Clean and Tidy - The SIMPLE repairs that pay Back![/caption] Why is it that some homes sell in days, even hours? Many, times with MULTIPLE OFFERS and OVER LIST PRICE!! ...yet there are still hundreds of homes that NEVER SELL or if they do, it's months later, at a fraction of their original price? Today's buyers have high expectations… They want trouble-free, easy living, nothing left to touch-up, finish, re-do… So condition your home to sell with that in mind! Many Home repairs done as pre-sale conditioning have much higher return than others… Best return on home investment home Repairs: What’s interesting is that the home Repairs with the Best return on investment are also the least expensive home repairs. Even though...
State of California’s Transfer Disclosure Statement and NHD
The California Transfer Disclosure Statement (T D S) over any damage or defects with the property, or explaining what the property has such as whether or not it is connected to public sewer or if it has a septic tank. All of the items and systems that transfer as real property in the transaction are noted... The Transfer Disclosure Statement protects the Seller from non-disclosure disputes if the buyer ends up having any issues with the property. The TDS also lets the buyer know ahead of time what kind of property they are buying. Another type of disclosure is the California Natural Hazard Disclosure Statment. The NHD goes over natural hazard areas that the home falls under. These hazards include Flooding, Earthquake...
6 Best Remodeling Investments
[caption id="" align="aligncenter" width="366"] A Garage Door Replacement or Upgrade has a Great ROI[/caption] 6 Best Improvement Projects to Increase Your Homes Value Home improvements are NOT all created equal. Here's 6 remodeling investments that'll likely pay back when it comes time to sell. Dreaming of stainless this and marble that, with a dash of hip color? Sloooow down. See what your wallet has to say first.Some Home Improvement Projects are better investments than others, especially if you’re planning to sell in a few years. How do we know? Since 2002, a trade magazine for contractors and builders called “Remodeling” has been tracking common home improvement projects and how much of the cost of each project is recouped when the home sells. We sifted through years of past results...
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