Without having the ability to sell mortgages, the lending industry would essentially shrivel up and die. Why? Think of it this way- say a bank had 10 million in the vault dedicated to home loans. If after making 10 1 million dollar loans, the bank has no more money to lend. Instead of selling the loan, the bank would recover its money by collect...
Freddie Macs results of its Primary Mortgage Market Survey shows that "After the Great Recession, it took more than ten years for purchase demand to rebound to pre-recession levels, but in this crisis, it took less than ten weeks. The rebound in purchase demand partly reflects deferred sales as well as continued interest from prospective buyers ...
Widespread acceptance of the value and practicality of working from home may have diluted the power of the long-standing real estate value mantra: location, location, location.Significant societal change and moral reckoningnecessities for a long timeare gaining momentum and will work toward resolution. In the meantime, many real estate owners an...
For just about 1, you can buy a home in the Italian town, located in the rural southern region of Calabria. We know what youre thinkingisnt Italy dangerous right now?nbsp;Actually, the country has done a great job of getting a handle on the coronavirus. And Cinquefrondi has had zero reported cases. In fact, The rural southern region of Calabria ...
Think in terms of usable space, not square footageYou may have 3,000 square feet in your mind as your desired space. But whats really important is how that space is used. It might turn out that 3,000 square feet is too expensive. But even if its not, whats the layout like? Are there a bunch of unusable rooms? Maybe there are too many bedrooms at...
This kind of thinking can be pervasive in the homeowner association environment.In the heat of discussion, the most recent hot topic can loom large and perspective can be lost. Recency causes skewed decision making driven by passion. How does this phenomena manifest itself?Consider the enactment of a rule designed to control the scofflaws. An ex...
WestinIf youve slept in a Westin hotel room, you know how comfy their Heavenly Bed is. You can order the mattress and box spring, and all the accessories, to create this wonderland at home.nbsp;Bed: 995 for a twin to 2,395 for California KingDetails: 13-inch mattress with plush, pillow-top construction; choice of standard or low-profile box spri...
Tilesnbsp;You have a few options when it comes to the type of tile you choose, ceramic, glass, or natural stone. Tile is a popular choice because its impermeable and does a great job of protecting the wall. Its also easy to keep clean.To know what type of tile you should use, you need to consider the >White ceramic tile can look great in both mo...
Create a Multifunctional Spare RoomMany homes today have a spare room that tends to be slightly smaller than the others. In older homes, this room might have once been used as a sitting room to visit with guests. Newer homes often advertise this room as an office. Since the room is smaller, it is easy to do a fast renovation such as adding a fre...
With some due diligence and research, you may find you have other ways of helping pay for your home that you would have never thought of before. There are companies who offer customers flexible financing options that will work for your budget. Below are some alternative ways to finance your home and save money on utilities.Ask Family For Helpnbs...
Dont expect to be in an out in a weekAccording to the recent ATTOM Data Solutions first-quarter 2020 U.S.nbsp;Home Flipping Report, Home flippers who sold homes in the first quarter of 2020 took an average of 174 days to complete a flip, up from an average of 169 in the fourth quarter of 2019 but down from 180 days in the first quarter of last y...
Several conditions must occur for efflorescence to appear. The soluble salts must be present in the bricks, mortar, or transported by water into the masonry from another source. There must be sufficient water to carry the salts in solution to the surface of the masonry. Then, evaporation causes the salts to come out of solution and be left behin...
We were, frankly, pleasantly surprised by how easy the process was and also chalked it up to financial karma for having paid 60 every month for the last six years just to have the peace of mind of a warranty, plus 75 for each service call.nbsp;Those calls were few and far between, save for an annual air-conditioning issue and the occasional othe...
It might take a whileIf youve refinanced before, you may have been able to wrap up in 21 or 28 days. And you still might. Or it could take you a bit longer. According to The Mortgage Reports, refis were taking between 35 and 45 days last year, and the glut of new loans is putting a strain on the system, thereby causing delays.nbsp;Rates may fluc...
A forbearance is a formal agreement between the lender and the borrower. Borrowers cant decide to take a mortgage payment holiday on their own. Doing so would start the foreclosure clock ticking. And lenders are loathe to foreclose. Its the very last thing on their list when trying to work with struggling homeowners. Lenders have employees whose...
Insurance contracts can be confusing and may leave a great deal up to interpretation. A good lawyer can point out the risks to the insurance company in not covering a claim as well as potential gaps in coverage to the insured, thereby bringing the parties closer to a fair, quick, and definite resolution.
Justin Dailys quote is a sound definition of what, in my opinion, good lawyering is; the ability to clarify, communi
The need has added importance as we transition from quarantine to trying to improve the quality of life of our fellow citizens. The need is urgent because lawyers are oftentimes intermediaries between the real estate industry and insurers.
According to Justin Daily of Daily
Instead, you have a slew of options when it comes to cabinet design and storage. You might swap upper cabinets for open shelving, for instance. You could pop one set of hardware on top cabinets and another unique option for lower cabinets. Or, grab a paintbrush and paint them two different colors.nbsp;Two-toned cabinetry has become a huge trend,...
Laying tile like a pro does require some special equipment though. Youll want to make sure youre prepared with the following tools to make your tiling job look professional.nbsp;1. Rubber BucketsSure, you could use a plastic bucket for your mortar, but a rubber bucket is much easier to clean. Even if the mortar dries, you will get a rubber bucke...
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