What happens when the buyer backs out?
If the buyer of a home backs out of the deal without cause, you may have legal recourse, says the Real Estate Adviser. And you do have that earnest money as leverage.
read more…
Mortgage rates drop sharply after bailout plan (MSNBC) For the first time in nearly eight months, mortgage brokers and lenders have good news for their clients. Mortgage rates are dropping sharply.read more...
FICO Rules, but Other Options Remain If you have been looking for a mortgage, you know that your credit score is key to opening that next front door. read more...
Nev., Mich., Fla. Lead Mortgage 'Underwater' List (WCBS-TV New York) Almost half of Nevada homeowners with a mortgage owe more to the bank than their homes are worth. If you add in the homeowners like them in California, Arizona, Florida,
Former Steel-Mill Worker Profits From Renting Homes to Students Jane Hodges profiles a Seattle Internet marketing consultant and Web developer whose investment in local real estate allowed him to leave his job and start a new career.read more...
Home Construction Down in July "Looking over periods of stress that I've seen, this is the strongest global economy we've had" Construction of new homes fell to the lowest level in more than a
'07 mortgage-backed bonds even shakier (The Philadelphia Inquirer) Subprime-mortgage bonds created in the first half of 2007 contain loans that are going delinquent at the fastest rate ever, Moody's Investors Service said yesterday.read more...