As of August, 2010 doesn’t have any permit requirement for conducting home inspections. In 1996, the state enacted the Trade Practice Act, outlined in chapter 338 of this nation’s business and professional code. The code prohibits inspectors from certain unethical inspection activities, such as contracting to complete repair work on a property within 12 months […]
Do You Sale Commercial Real Estate?
A real estate short sale is the procedure for selling real property in a cost below the amount outstanding on an present mortgage loan. Short sales happen when the market value of property falls under the outstanding balance on the mortgage . A real estate owner in such a position typically is said to be”underwater” […]
Who Owns My Mortgage?
Mortgage notes change hands several times six months to one year after they are shut. Lenders are expected to tell you if your servicer, the company you make your payments to, changes. If the owner of your loan changes, they are not required to notify you. Frequently the servicer receives a servicing fee by the […]
The Way to Buy Condo Insurance
Condominium insurance–also referred to as an HO-6 policy–differs from typical homeowner’s insurance. Most condo institutions handle the responsibility for insuring exterior building walls and common areas in the complex, as well as insuring for property damage and liability coverage for accidents occurring in shared areas such as stairwells or paths. Typical condominium insurance insures your […]
What Should I Owe More Than My House Is Worth to Refinance?
Piling extra debt onto a mortgage, or taking the wrong kind of loan to start with, can land a homeowner upside down to his mortgageowing more than the home is worth. In the housing boom which led up into the housing bust of 2008, home prices rose sharply. Confident in the current market, some homeowners […]
What Are the Advantages of a House Moving to Auction?
Home auctions are one option for banks and homeowners seeking to sell a home fast and for a fantastic price. While home auctions are often earmarked for foreclosure properties, an auction is also an option for homeowners who have an abnormal or eccentric home to market. Houses that go to auction provide several benefits over […]