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Is FHA Responsible For the Leaky Roof?
March 19, 2001 "We just purchased a home with an FHA loan and the seller did not disclose many problems?The roof leaks, the toilet is falling through the floor?FHA inspected the house before we moved in, and they will get the house if we default and move out? We thought ... more...

Implementation of MHI Act of 2000
May 19, 2003 The table below, courtesy of the Manufactured Housing Institute, shows compliance by the states with the Manufactured Housing Improvement Act of 2000. ... more...

inspection checklist related definitions

Assessment
Assessment A local tax levied against a property for a specific purpose, such as a sewer or street lights. Closing Costs Loan To Value Ratio Home Inspection ... more...

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...

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Get Free inspection checklist Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Nannies, Grannies, and the Ontario Fire Code: What Realtors Need to Know About Retrofit Section 9.8
In addition to granny, a granny flat can contain some dire pitfalls for a new owner and anyone involved in the sale of such a unit. Its one more thing for real estate professionals to be concerned about, because the consequences of having an apartment declared illegal or closed down can be ... more...

11 Steps Away From Buying a Home
There is no doubt that the market for houses has been on fire recently. More and more people are taking advantage of low interest rates and easy mortgage loan terms to go from being renters to being home owners. With so many people entering the market, it is inevitable that questions will arise ... more...

Top Ten Tips when Buying Real Estate!
In today's financial climate, real estate continues to be a strong investment in many areas. Educated buyers will always make the most out of the real estate market. These top ten tips to buying real estate will help you enter into your next real estate transaction with confidence.TIP #1: Hire ... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

Finding Structural Problems During Escrow Small Rural Home Example
In rural home purchases, the transaction is often subject to a satisfactory home inspection being done. Any imperfections are usually corrected during escrow. Now and then, however, a home inspection uncovers severe structural problems. What happens then?Structural Problems Small Rural HomeWith a ... more...

Organize Your Move With A Moving Checklist
Moving is a chaotic and stressful time. Theres so many things to arrange, having utilities switched, signing up the kids for a new school, scheduling the movers, packing the house. With all the other things you do its not easy to find the time to get everything done!Using a checklist of tasks, ... more...

Before You Buy A House Top 10 Tips
There are serveral things you need to think about and check on before you buy a house. Even looking at so many houses can be confusing. Below is a list of the top ten things to help you before you buy. 1. Pre-qualify for a mortgage. Now you know how much house you can afford before you start ... more...

Back-Planning For Success
Coming up with new dreams and passions can be fun, easy and inspiring - at least until you sit down and begin trying to sort out how to actually accomplish these wild goals. Suddenly, what seemed like such a clear and well-marked path takes on the aspect of an overgrown and thickly brambled ... more...

Tips for Buying a New Home
My wife and I recently purchased a new home in Tennessee. Here are some helpful hints we picked up along the way:1. Use all of the online resources available. Almost every state and local government has a website where you can research real estate information. The data on home sales, taxes, and ... more...

Helpful Hints for First-Time Home Buyers
Buying a house can be a daunting task, even for someone who has owned several homes. My husband and I recently purchased our first home together, and it was hard to find good advice that we truly found useful. We had to learn a lot on our own, but at least now we feel comfortable and knowledgeable ... more...

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