December 2009
33 posts
R.E. Terms � Grantee: The person to whom an interest in real property is conveyed.
R.E. Terms � Fair Market Value: Highest price buyer, not compelled to buy, would pay, and lowest a seller, compelled to sell, would accept.
R.E. Terms � Examination of Title: The report on the title of a property from the public records or an abstract of the title.
If you have ever liked a Tarantino film go rent Inglourious Basterds. Just watched it and it was fantastic. Tarantino rocks!!!
“If at first you don’t succeed, skydiving is not for you!”
R.E. Terms Encroachment: An improvement that intrudes illegally on another’s property.
R.E. Terms � Effective Age: Appraiser’s estimate of the physical condition of a building. Actual age of a building may be shorter/longer.
R.E. Terms � Easement: A right of way giving persons other than the owner access to or over a property.
R.E. Terms � Deed of Trust: Some states, (like CA) do not record mortgages. Instead, they record a deed of trust (essentially the same).
R.E. Terms � Deed: The legal document conveying title to a property.
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R.E. Terms � Conventional Mortgage: Refers to home loans other than government loans (VA and FHA).
R.E. Terms � Clear Title: A title that is free of liens or legal questions as to ownership of the property.
R.E. Terms � Chain of title: An analysis of the transfers of title to a piece of property over the years.
The following position open today in Roseville , Ca:
Recreation Program Leader - Police Department
http://ping.fm/LTPTj
R.E. Terms � Balloon payment: The final lump sum payment that is due at the termination of a balloon mortgage.
The following positions open in Roseville, CA today:
Reserve Police Officer I - Volunteer
http://ping.fm/mkBZR
R.E. Terms � Assignment: When ownership of your mortgage is transferred from one company or individual to another.
Treasuries and mortgages opened a little better this morning. Today there isn’t any economic data to think about. At 9:00 the 10 yr note +8/32 at 3.53% -3 BP, mortgage prices +2/32 (.06 bp). Over the last nine sessions the 10 yr note rate has increased 36 bps frm the interday lows, mortgage rates +26 bps in the dame time period. Economic data over the past two weeks has generally...
R.E. Terms - Appraisal: A written justification of the price paid for a property primarily based on an analysis of comparable sales nearby
Be Ready for That Showing! Its OK to ask for no shoes. Place a pleasantly worded sign in a small picture frame in the entryway
Be Ready for That Showing! Verify that an Agent won�t have to worry about Home Security Systems activating during a showing.
Be Ready for That Showing! Never leave out items that reveal personal information. Buyers want two-way anonymity initially.
New City of Roseville Job Opportunities:
Customer Service Representative I/II (PPT)
http://ping.fm/XGOMk
Last week was a bit of a roller coaster for us in the mortgage market but we are still smiling. Ok grimacing, it really depends on how you look at it.
Be Ready for That Showing! Buy a basket or bin to stash messy stuff like mail, and take it with you when you leave for a showing.
Be Ready for That Showing! Flush all toilets just in case before a showing. People want to have a pleasant showing experience!
Be Ready for That Showing! Dirty dishes are better in the dishwasher than the sink. Buyers have to open something to find them!
Be Ready for That Showing! Leave fliers and business cards for your Agent neatly stacked on kitchen counter before you leave.
Be Ready for That Showing! Decide on a quick �hang out location� ahead of time where you can drive during a showing.
Be Ready for That Showing! Adjust temp to 73 degrees (F) just before a showing for a comfortable experience for Buyers.