This topic is fraught with problems. For example, what exactly constitutes a loss of principal? Is the typical/historical loss period just for the recent housing crisis or since the inception of consumer mortgage loans? Another major problem is that a Foreclosures is merely the seizure...
Thursday, December 29, 2016
Wednesday, December 28, 2016
How hard will it be for me to get a mortgage?
Getting a mortgage is very complex and require you to go through several stages, below is what you need to pay attention and the steps taken:
Banks are asking for a lot of documents these days, so don't assume the process will be speedy.
You’re scrolling the online listings, looking for houses, when — boom — the love of your real estate life pops out from the page. You’ve found the...
Saturday, December 24, 2016
the most common mistakes that home buyers make
Buying a house is a type of investing, so the common mistakes of investing also apply to real estate. In my opinion, the most common mistakes that home buyers make are these:
Selecting a House Emotionally. Purchasing a home is one of the biggest financial decisions that you’ll make, you don’t want to simply “fall in love” with the views or a feature in your kitchen, you want to examine it from...
Thursday, December 22, 2016
Who Owns the Mortgage Note?
Certainly, there will be have a lot of opinions and perspectives about the people, whom own the Mortgage Note, but there are not really a clear answer about it.
If your mortgage is typical, you'll find that no one really owns it in the way that most people think of ownership.If you do a look up for the owner of record, you may find that it is the Mortgage Electronic Registration Service. If...
Wednesday, December 21, 2016
The difference between a registered mortgage and an equitable mortgage
There are many things to help us distinguish between a registered mortgage and an equitable mortgage, namely:
Firstly, an equitable motgage is creating a charge on the property by handing over the titledeeds of the property by its owner to the lender and orally confirming of handing over the titleneeds for the intent to create a charge on the property for the amount borrowed.
A registered mortgage...