Cracks in foundation ( fissures dans la fondation)
While out looking at properties for an investor client of mine, I noticed concerning cracks on the foundation of this house. Take a look for yourself. Foundation issues can be problematic. However, they can be fixed to avoid further damages and higher repairs in the future. For cracks less than 1/16 inch, the issue is… Continue Reading
Critères pour louer un Appartement
Il est important de connaitre les critères pour louer un appartement a Washington DC, au Maryland ainsi qu’ en Virginie. Pour éviter toutes confusions, nous allons utiliser les critères accepter en general par la plus part des propriétaires ainsi que des agences immobilière. Pour le revenue annuel, il va falloir qu’il soit a peu près… Continue Reading
REO: Real Estate Owned
An REO property, is a property that has gone through the foreclosure procedures and failed to sell at a foreclosure auction. After the Auction, the property goes back into the bank or institution’s portfolio. Once owned, by the bank, the property is then placed for sale, typically at a discounted price compared to non REO… Continue Reading
Homeready from Fannie Mae
The homeready program could be a good alternative for folks with limited funds. Unlike FHA or other programs, this program allows borrowers to put as little as 3% down. One of the highlights of this program is the fact that the mortgage insurance is cancellable once the balance falls below 80% of LTV, and cancelled… Continue Reading
Discussing with Paul about the reason for holding instead of selling.
Fannie Mae -Freddie Mac- Hud REO properties
In a competitive market, it might seem challenging to find a property that meet most if not all of of one’s criteria. Most buyers fight hard and sometimes over pay for standard properties for sale. A need to be creative slightly becomes part of one’s reality, especially when timing becomes an issue. REO from HUD,… Continue Reading
