Seminario Para Compradores de Casa

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Best Area in Which to Purchase

Best Area in Which to Purchase

Excellent buyer video explains how to choose a great place to live.

Market View for Charlotte

The Deck & Patio Debate

Deck vs. patio? Although there are pros and cons to both, each offers endless opportunities for creating an outdoor oasis. And depending on your talents and ambition, both decks and patios can be DYS jobs. 

The Deck & Patio Debate | Ryan Homes Blog.

4 Strong Reasons to Buy a Home Now

In nearly every major metro market, it is cheaper to buy a home than rent. Rents have been on the rise the last few years and are predicted to continue to rise. Meanwhile, home affordability is at record highs, which means that buying a home is more within reach to the median income family. Read more at 4 Strong Reasons to Buy a Home Now.

Why Could a Home Short Sale Take Long to Be Approved?

There are a number of decision makers involved in a short sale. And it’s a fact – the more parties involved, the more complex the decision process becomes because all parties must be in alignment before a home can be sold. Image

  • Ultimately, the decision rests with the investor, who is the owner of the loan. For instance, most large bank own  a very low percentage of the loans they service. The higher percentage is owned by investors (Fannie, Freddie, FHA, private investors, etc.). Most of the time, banks are under contract to handle the servicing for those investors., so in those cases they are acting not as the owner but as the investor’s agent with their fiduciary interest in mind. Each of these investors will try to decrease their losses and their unique contractor guidelines must be followed.
  • In addition to the investors, there are other interested parties, too – such as mortgage insurance companies and second lien mortgages holders.

Who Can Buy a HUD Home?

Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.

What About Financing?

HUD does not give direct financing to buyers of HUD Homes. Buyers must get financing through either their own cash reserves or a mortgage lender. If you have the necessary available cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. While HUD does not give direct financing for the purchase of a HUD Home, it may be possible for you to qualify for an FHA-INSURED MORTGAGE to finance the purchase.