Short sales are popping up everywhere in this current real estate market, and many analysts say the numbers could very well continue to rise throughout 2010. While they can be a burden to a homeowner, they can prove to be quite a bargain for househunters. The irony is that a “short” sale, can actually take [...]
In some areas, you have a homeowner on either side of you that’s in a situation of “negative equity.” According to economists, it’s not going to get any better for a while….How long will it be before the housing market bottoms out is up for interpretation. Let’s say it’s right around the corner, [...]
Post from: ShortSaleSellit.com
It’s a rare person who invests time to actually read a deed of trust.
Most borrowers just sign their loan documents without reading them. They know if they don’t sign, they don’t get the loan. And besides, the paperwork that’s involved with a loan is simply enormous.
But every once in a blue moon I end up working with buyers who want to read everything they sign, like everybody really should do. Nine times out of ten, questions arise about the deed of trust. Probably the number one question I hear is: “What is a trustee?” Followed by, “And how is a trustee involved in my deed of trust?”
Good questions. Borrowers don’t realize that the trustee possesses power of sale. But wait, don’t you own the home? How can a trustee sell it? To understand the provisions behind a power of sale and how a trustee becomes a third party to a trust deed,
. . . read more about a Deed of Trust.
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Take the Time to Read Your Deed of Trust originally appeared on About.com Home Buying / Selling on Wednesday, February 10th, 2010 at 05:00:34.
Most claims against real estate appraisers come from unhappy borrowers. The bulk of their complaints are mostly due to the economic issues of the last few years. This article will cover some of the main issues and what you can do to protect yourself.
Regulations regarding real estate consumer protection are gaining popularity in most states. This can be attributed to the increasing number of reported cases of fraudulent mortgage approval or modification activities. To further advance the welfare of borrowers, the Truth in Lending Act, otherwise known as TILA, has gone through some changes. Firstly, this act serves the purpose of providing lending agency clients leniency in terms of payment rates and disclosure process. Upon knowing these changes, one can fully assert his rights and pursue proper transactions.