If you are thinking of buying a home now for any reason, be like the Boy Scouts and be prepared. Yes, Real Estate Agents, Lenders, Attorneys and Accountants are there to guide you, but the ultimate responsibility is yours when you make a big commitment like buying a home.
1.  Check with at least two lenders […]
Tags: Buying A Home · Escrow · Duane Gomer · Disclosure · Purchase Agreements · The Market
There’s really nothing for real estate agents and brokers to like about a recent case brought to our attention by the legal department of the National Association of Realtors® (NAR). Bowman v. Presley arose out of a 2005 transaction that took place in the state of Oklahoma. The ruling came down from the Oklahoma Supreme […]
Tags: Misrepresentation · National Association of Realtors · Appraisal Reports · Appraisals · Buying A Home · NAR · Purchase Agreements · Disclosure · Bob Hunt · The Market
One reason that many real estate agents are less than enthusiastic about short sales is that, too often, a commissionectomy may be involved. By demanding a certain amount of net proceeds, the lender effectively cuts the commission that had been stipulated in the listing agreement. (To be sure, since March 1, 2009 Fannie Mae has […]
Tags: Fannie Mae · FNMA · Bob Hunt · Disclosure · The Market · Short Sales
Under new rules adopted by the Federal Reserve Board, beginning July 30, 2009, mortgage lending will be subject to expanded disclosure requirements. This may well be a good thing. However, until everyone gets used to it, it also may cause occasional delays in closings. First, some background.
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More than a few times home purchasers have been […]
Tags: Mortgage Disclosure Improvement Act · Origination Fee · Nominal Rate · Regulation Z · Truth in Lending Act · Good Faith Estimate · RESPA · Note Rate · Interest Rates · Mortgage Funding · Mortgage Lending · Bob Hunt · Federal Reserve Board · Home Buyers · Annual Percentage Rate · Loan Fees · Disclosure
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