However welcome they may be in the short term, lowered interest rates are not likely to last. This means that home shoppers need to consider ways to achieve the American Dream in a rising market interest rate. Among the time tested strategies are: Get your loan pre-approval before you start home shopping. Consider paying an…
Ever since the knee jerk reaction to the crash of Oh Eight, self-employed borrowers have often been intimidated away from the mortgage application process. Despite self-employed (the “gig economy”) vocations growing as a market segment, Fear and trepidation have caused a significant 10 year drop off of self-employed applications for home loans. Dodd-Frank, the 900…
I guess it only makes sense that if you are going to steal money from someone, you do it at a time when they have the most access to cash that most people will ever have: when they are spending their savings or the proceeds of a big mortgage loan to buy a home! Go…
What good is it if a lender claims to have the “highest customer satisfaction ratings” if the customer service surveys they use are all obtained immediately after closing? Sure, it was so simple to close with X, Y, Z lender, so few documents! they even sent a notary to my house to show me where…
It’s not often that we reprint in whole another blogger’s post. But Attorney Elizabeth Kayser is a part of our loose affiliation of attorneys who collaborate to make us all better at doing battle with stubborn lenders. This post from Elizabeth, though written based on her experience and law practice which spans several states in…
A potential client writes to our firm: Dear Anderson & Pittman: Good Morning. I have been discussing a deed transfer with my mother. Perhaps you can tell us if we even need to do a transfer of deed. I live in a home my mother owns and have paid the mortgage on the home from…
IF YOU SEE SOMETHING, SAY SOMETHING!!! Your realtor is in a unique position to help identify problems that call for further investigation. Consider the surveyor to be like a good law enforcement officer. Even your closing attorney can’t help unless the realtor alerts him to issues that presented themselves at home inspection, walk-thru, or when…
To quote a philosophical Bruce Lee, pioneering marshal arts movie star, when he was interviewed shortly before he died from accidental fight injuries in filming: “There is only one way to come into life, but many ways to go out of it.” Many people want to know what is the most common way for a…
Leave it to a radical pastor friend of mine to correct me on yesterday’s blog post about forgetting one of the best real estate investment strategies on the planet . . . . of course a “man of the cloth” should be other worldly and not accumulate too many possessions to tie him to this…
With whole cable TV channels dedicated to the theme of Real Estate Investment, it is not surprising that the ranks of investors are growing crowded in many markets. There are still great deals to be had, but finding them, being the first to get a good written contract with the owner, and not “giving away…
