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Settlement Costs Included in Annual Percentage Rate
July 11, 2002, Revised December 4, 2004 In principle, the APR should include all settlement costs that would not arise in an all-cash transaction.  Unfortunately, the current definition violates this rule in a number of instances, with no rhyme or reason.  The columns below ... more...

HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US.  As usual, the proposals were open for comment, and many thousands of them were received.  Mine was among them, and is shown ... more...

real estate closing hud home inspection lender loan property title related definitions

Closing Costs
Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time transactional costs ... more...

Settlement Costs, Closing Costs
Settlement Costs, Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time ... more...

More about real estate closing hud home inspection lender loan property title

Buying Houses: Types of Bargains to Find
To make a good profit in real estate, you must buy right. Check out all property types available to find the best transaction for your specific situation. Consider fixers, distressed sales, repossessions, multiple listings, for sale by owners, and vacant properties just wasting away.Distressed ... more...

Top Tips for Buying and Selling a Home
BuyersLooking for a home-Use Internet for overview of properties, communities, and schools. -Visit potential neighborhoods at different times of day. -Research price trends in communities and neighborhoods. -Consider resale prospects on home before you purchase.Get your new home inspected before ... more...

Plan Your Budget Before Investing on a Property
Owing a property gives a person financial security but before buying any type of property be it home, land, or some commercial property its very important to estimate your budget.Pre-qualification is a very essential step in going for a property deal. There are various ways of pre-qualifying but ... more...

Save Yourself from Homebuying Disasters
Whether you are a first time home buyer or a happy home owner who wants to refinance an existing home loan, there are some cardinal dos and donts to follow. For many, home ownership is the biggest investment in their lives and that could be the reason why some people act irrationally, as if they ... more...

Title Insurance Examples of Problems and Advice
What is title insurance and why should any buyer get it when purchasing a home (single family, townhouse, condo, apartment, or whatever format your home purchase takes)? Doesnt the attorney or settlement company handling the closing see to it that you have a clear title? Isnt this just another ... more...

Understanding the Escrow (Closing) Process
1. What is an escrow?Escrow is defined as a process where parties deposit instructions and funds with a "disinterested" third party until conditions of the instructions are met. This applies whether the purchase is real estate or an expensive Ebay item. In a real estate escrow, a title insurance ... more...

Dangerous Liaisons: Tips For Securing Homeowner's Insurance
Whether you are buying a home, selling a home, retiring or relocating homeowners insurance can be a tricky issue. Learning the basics of homeowners insurance is key to completing a smooth real estate transaction. Below are some important tips that can help you secure a homeowners insurance policy ... more...

Was That House A Good Investment? The Answer May Not Be So Obvious
I am surprised how many people dont know the difference between enterprise value, which is the sales price of a home (debt plus equity), and equity value, which is what is left at the end of the day when you sell your home and pay off the mortgage. In determining whether this was a good investment ... more...

Ready to Sign that Lease Agreement?
The real estate market is booming across the United States, especially in select areas of California as well as Las Vegas. Even the sleepy town of Boise, Idaho is experiencing record breaking primary residential development. Where ever you happen to live, you have probably noticed its not so easy ... more...

Advantages and Disadvantages to Selling a House on Your Own
As with any business transaction, there are pros and cons to selling your own home. Many people are intimidated by the whole process, but if you know what you are up against, and if you are aware of what needs to be done, you will be more effective at selling on your own, or you will be better at ... more...


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