Haunted towns

A ghost town is one that as been abandoned because the economic activity that ensured its existence has failed, or due to man-made or natural disasters like war and epidemics. However, there are some ghost towns, which survive only due …

Realtor Has a Heart: Don’t Blame Homeowners Caught in Housing Crisis

In a short video, mega-realtor Barbara Corcoran discusses the shortcomings of the giant housing bill signed today in Washington, DC First, it will help just a half-million homeowners. Second, although everyone wants to blame the …

Help for troubled homeowners

A new housing bill was signed into effect. Here is an excerpt explaining how it will affect people in trouble with their mortgages, from CNN. As with anything else, there is a price to be paid. Read the entire article. …

The Importance of The Final Walkthrough

REALTOR® Rachelle Byars explains, “A final walkthrough is done prior to closing, typically the day before or immediately preceding close. If there are concerns regarding whether or not repairs will be done (& done well! …

So You Want To Fire your Realtor? Rights, Penalties and Recourse …

What are your rights with regards to Realtor representation agreements? Did you sign a buyer representation agreement? A seller representation agreement? If so, or if you’re considering it, this article is for you. …

Piggyback Second Mortgage

The Piggyback Second Mortgage provides an option to home buyer who can not afford a twenty percent down payment. Without enough funds for twenty percent down payment, the home buyer pays an expensive Private Mortgage Insurance (PMI). …

Mortgage Buster: Scam or Savior?

There is a way to take advantage of a pre-payment plan for your mortgage in order to pay it off sooner, but there is no way you should have to pay $3500 for it. They have you take a second mortgage (the first mortgage is conveniently a …

Home Equity Loan Versus Business Loan

Even if you already have a second mortgage, you may want to cash out on equity through mortgage refinancing because many times, the attractive rates and flexibility of second mortgages make more sense than to refinance your first …

How Does a Second Mortgage Differ from a First Mortgage?

Typically, a second mortgage is defined as a secured loan that is subordinate to a first mortgage on the same property. The borrower can generally use the proceeds from a second mortgage for any purpose. Currently, a popular use of …

What You Should Know About Home Equity Loans

As the name suggests, home equity loans are loans that involves home equity as collateral. Home equity is the market value of the property in excess of all debts to which it has the liability. Home equity loans are necessarily secured …

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