Look what State was voted best place to live…

Look at what State was voted best place to live.  Looking to move?  Give me a call or email if you need a referral to a Realtor or Mortgage Loan Officer.

http://www.statemaster.com/graph/lif_bes_sta_to_liv-lifestyle-best-states-to-live

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Published in: on April 26, 2011 at 2:31 pm  Leave a Comment  

Are you buying a home this year or considering a Will or Trust?

Q. I’m getting married and purchasing a house.  I would like to have a will prepared at the same time.  What kind of questions will you ask when we meet?

A. The preparation of a will often requires some thought and consideration.  By the time the will is probated, you will not be able to make any changes – so do take the time required now to seriously consider the following:

Will you be married when you purchase the home?

Will you own the property with your spouse?

How will you hold title to the property?

To whom do you want your assets to go?

Do you have wishes as to specific bequests?

Do you have children?  Are they minors?

Who will be their guardian?  Their trustee?  Alternates?

Who will be the Executor of your estate?

Our initial meeting will only take a half hour or so.  Once your Will is prepared, we will contact you and set a time for you to come in and sign it.  I would suggest placing it in a safe place.  And be sure to let someone know where it is!

Published in: on April 19, 2011 at 2:25 pm  Leave a Comment  

Are you selling your home? Do you need to accept the first offer that you receive?

Q. As a seller, do I need to take the first offer that comes in?  What else can I do?

A. The simple answer is No.  Offers, even very attractive ones, are rarely accepted as-is.  Usually a Seller will be willing to accept some of the Buyer’s terms and want to modify others.  This is done by making a “counter offer.”  Counter offers, for example, may be based on:

Price — The Buyer has made an offer below what the Seller is looking for;

Deposit– The Buyer is not putting enough money into escrow to satisfy the Sellers concerns and potential losses that will be sustained should the Buyer default.

Closing Date – The Seller cannot meet the requested date;

Household Items – The Buyer has asked for items not listed  – i.e. appliances, window treatments, etc;

Most important to note is that for a contract to be binding, the initial offer, and all counter offers, must be in writing.  Any changes to a contract must be initialed by all parties.  There is no contract until all parties have initialed all changes and signed.  Until this is accomplished the property could be sold to someone else!

Published in: on April 8, 2011 at 10:18 am  Leave a Comment  

Temporary Good News for Loan Officers

Court Ruling Delays Implementation of New Rules Governing Loan Originator Compensation

The United States Court of Appeals for the District of Columbia has issued an order that stays the implementation of a new Federal Reserve Rule governing loan originator compensation. The new rule was to take effect April 1, 2011.

The Court’s order relates to a suit brought by the National Association of Mortgage Brokers, who objected to the portion of the new rule that prohibits mortgage brokers from paying their loan officers commissions that are based on fees paid by the consumer. The NAMB filed an emergency motion for expedited relief and an emergency motion to stay implementation of final rule pending appeal.

The Court’s order granting the stay was issued on March 31, 2011.

Published in: on April 1, 2011 at 1:44 pm  Leave a Comment