A common question. I’ll do my best to answer it for you.
When a real estate transaction closes, there is a document created called a HUD-1 Settlement Statement. The HUD-1 is a spreadsheet of sorts that outlines the flow of money for the two parties involved in the transaction.
Who are the two parties? The buyer [...]
Continue Reading →Real Scottsdale Living isn’t just a site about real estate in Scottsdale. It’s not only a place where you can search for properties, learn about the Short Sale process, or research what the community has to offer. It’s also a site about getting REAL in Scottsdale. The name Real Scottsdale Living was born [...]
Continue Reading →All of Wednesday had me thinking about overcoming a fear that I never would have chosen to overcome. When we’re faced with fear without choosing, and we stand up and push through it, we grow. It’s even better when we choose to face something we’re afraid of, or even when we try something we never [...]
Continue Reading →It’s not a big surprise considering the number of homes that have been selling recently that the inventory has depleted considerably and the availability of affordable housing is drying up after this massive real estate hemorrhage.
I cannot tell the future, but I can see when there’s a break in a pattern, as you will [...]
Continue Reading →According to the National Association of Realtors, in 2007, 39% of all home sales were by first-time home buyers. So far in 2008, we’ve seen that number increase to 41%. First-time home buyers have some very attractive incentives to enter the market, and it’s much easier than [...]
Continue Reading →It’s not easy to sell a home right now. If you’re a seller, you’re going to have a really tough time. In fact, what we’re seeing in the marketplace now is an overabundance of bank owned properties and homes that are being sold short.
Foreclosures
A foreclosure occurs when you fail to pay your mortgage [...]
Continue Reading →There’s nothing worse than media articles that continually pound the idea that your finances are in shambles. YOUR finances. I’m not certain what the analysts in the stock market are attempting to convey during these strangely unique economic times other than:
You’re going to lose your job soon. Your interest rates are going to increase. [...]
Continue Reading →Affordability Calculator
Monthly Gross Income $ Monthly Debt Expenses [?] Monthly Debt and Obligations Should Include:
- Monthly Credit Card Payments
- Monthly Auto Payments
- Monthly Child Support
- Monthly Association Fees
- Other Monthly Obligations, but NOT utility bills.
$ Down Payment: $ Interest Rate: % Mortgage Calculator
$ % yrs % $ Topics of Interest
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