This is a re-print of an article I wrote for Real Estate Executive Magazine for this month’s issue. Mind the P&L, as in Payoffs and Liens Understanding your seller’s complete financial picture has long been a best practice of top producing REALTORS but that task has become more important and more complicated. It’s not just [...]
Toxic Titles: Part Two – “Don’t mind me if I put an extra lien on your home”, says bank.
December 14, 2009 By 1 Comment
Continuing the “Toxic Title” issue The second nasty title cloud appears when homeowners have modified their loan or taken the dreaded “HomeSaver Advance” which was rampant the last few years. Let’s examine the result of a typical HomeSaver Advanced deal. Imagine falling several payments behind and now you owe the bank $8,000 in past due [...]
