Top 10 Real Estate Markets to Watch in 2016 Where are the next red-hot places for real estate? we don’t actually have a crystal ball here, but we do have our chief economist, Jonathan Smoke. As part of the realtor.com 2016 Housing Forecast released on Wednesday, he homed in on the top 10 up-and-coming metropolitan [...]
Property Inspections Property inspections are not required by mortgage lenders and it is up to the home buyer whether or not to do a home inspection on a home they are purchasing. Property inspections normally cost around $300 to $500, depending on the county and state. Home buyers can check prices on property inspections. Since [...]
How to write an letter of explanation Mortgage underwriters require a letter of explanation from applicants that have derogatory marks on their credit report. Deed in lieu of foreclosure, collection accounts, late payments as well as other irregular items such as large purchases can affect your credit report. A letter of explanation to underwriters is [...]
Despite the Housing Recovery, Thousands of Homes Are Still Losing Value Years after the end of the recession, entire metro areas still find themselves left behind by the economic recovery. Nationwide, more than one-quarter of homes lost value over the last year. In some metro areas, the drop-off has been even more severe. Some housing [...]
