Real Estate Buyer


15 Results Found

  • Understanding Real Estate Closing Costs

    Closing costs can add thousands of dollars to the cost of a home, so it's essential to know what to expect. RESPA stands for Real Estate Settlement Procedures Act, which requires lenders to disclose information to potential customers throughout the mortgage process. Lending institutions must fully inform borrowers about all closing costs, lender servicing and escrow account practices, and business relationships between closing service providers and other parties to the transaction. For more information on RESPA, visit the U.S. Dept. of Housing and Urban Development's Web site and search on the term "RESPA."

  • U.S. is top 2012 property investment pick

    NEW YORK (Reuters) - The United States will remain the top choice of most global commercial real estate investors in 2012, but the country has lost ground to Brazil which ranked No. 2 this year, according to a survey released Sunday.

  • Buying property in Mexico

    Since the 1970's foreigners have been able to buy real estate in Mexico with coastal and border properties which is owned through a trust deed established with a Mexican bank. Foreigners may also directly own rural or urban land in the interior of the country with certain limitations on specific agricultural tracts.

  • Buying 101

    1. Don't buy if you can't stay put. If you can't commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner.

  • Financing Your Property

    A mortgage is, quite simply, a specific loan for a specific purpose, and in this case, a mortgage is a loan one gets when buying a house, condo, or another type of real estate. As the buyer, you are a borrower, and the mortgage comes from the lender.

  • Understanding Your Credit

    A mortgage is, quite simply, a specific loan for a specific purpose, and in this case, a mortgage is a loan one gets when buying a house, condo, or another type of real estate. As the buyer, you are a borrower, and the mortgage comes from the lender.

  • Pay Down Home or Not?

    If you are paying a 30 year mortgage at 6% Interest rate, your tax equivalent borrowing rate is 4.8% (20% tax rate assumption), 4.2% (30% tax rate). Interest Rate X (1-Your Tax Rate) eg. 5% X (1-.30) = 3.5% Effective Borrowing Costs

  • Understanding Short Sales

    A short sale, while implying that the amount of time between submitting a purchase agreement and the final sale of the property will be quick, is actually anything but. A short sale is the sale of real estate property where the proceeds of the sale are less than the amount the seller owes on the property loan.

  • Bank Owned Contact Information

    Use these links to access Bank Owned property listings. Find foreclosed homes by using these links to find listings available directly from the bank. Purchasing any home, especially a foreclosure is best handled with the assistance of a licensed real estate professional.

  • Detroit-Area Company Helps Buyers Break Free From Existing Homes

    Two local homebuilders have partnered with a Midwestern company to entice hesitant customers off the fence and into new homes by offering to rent out their old residences. The program from Detroit-based Marketplace Homes helps overcome the major hurdle homebuyers have when purchasing a new house - how to sell their old one in a down market.