Blog Archives

Buyer’s Closing Costs vs. Seller’s Closing Costs

If you’ve read Jennifer’s blogs, you know the definition of closings costs.  Certain fees are automatically assigned to either the buyer or the seller; other costs are either negotiable or dictated by local custom.  Since we have many transients in Florida, I get asked about this a lot.  Here’s what you can expect: Read the rest of this entry

WHY DID MY SHORT SALE GET REJECTED?

WHY DID MY SHORT SALE GET REJECTED? – Part I

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What is a Short Sale?

I’m going to make this a two part blog.  First, I’ll explain what a short sale is and how the process works.  Then, next week, I’ll tell you about possible ramifications and other parties involved.  A short sale is a sale in which the proceeds from selling the property is less than the balance of debts secured by liens (mortgages) against the property and the property owner cannot afford to repay the liens’ full amounts. The lien holders then agree to release their lien on the real estate and accept less than the amount owed on the debt.  Read the rest of this entry

How to start your Mortgage

I wanted to start this blog with helpful hints to start your mortgage. Information you will need to have ready, common questions to ask, and what to expect as the next step. At this point you have found the perfect home that fits your pre qualified budget. It is time to start the mortgage application process. You should be in contact with your loan office and set up an appointment. Read the rest of this entry