Foreclosure homes and other properties are becoming an increasingly attractive option for both future homeowners and investors. Most homes are sold ‘as is’ by banks or other mortgage holders and are usually priced significantly below the average of similar homes on the market. Some foreclosed homes are in relatively good condition while others can […]
FHA Guidelines for Rehabilitating a Home
The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), administers various single family mortgage insurance programs. These programs operate through FHA-approved lending institutions which submit applications to have the property appraised and have the buyer’s credit approved. These lenders fund the […]
18 Red Flags To Look For Before Calling the Home Inspector
1) Brown stains on the ceiling.
A possible indication of a past or current leak. Water travels; so don’t assume that the source of the leak is directly above the stain. Water could be coming in from the roof.
2) Mildew smell in the basement.
A sign […]
Congratulations! You have decided to buy a new home. This will help you take this big financial step by describing the home buying, home financing, and settlement process. Lenders and mortgage brokers are required by federal law, the Real Estate Settlement Procedures Act (RESPA), to give you this informaation. You should receive it when […]
Whether it’s your first home or one of many, the process of buying a home can be stressful, and a little scary. Getting a professional home inspection for your new home can give you peace of mind, but also can have be stressful as well, as you review your home inspection report and realize […]