October 2022 – d o r i c s o u t h – A s s o c i a t i o n

Prerequisites of a Short Sale

Defaulting homeowners generally cannot qualify for a brief sale until they are nicely into the foreclosure procedure. Depending on state law, the brief sale negotiation process can start six months following the notice of default has been issued. Then, the homeowner has to be eligible and the lender has to consent to some offers made [...]

How to Price Shop Commercial Real Estate Space

An affordable commercial property area might help improve the bottom line for your organization. Finding a space which will give your business a competitive edge may require searching for an attractive price. Your hunt for the place could uncover a variety of possibilities which you might choose to consider. Properties which are provided on an [...]

Facets of Reverse Mortgages

Homeowners 62 or older who reside in their own home can draw money against the value of the home with a reverse mortgage. Unlike a home equity loan or a cash-out refinancing mortgage, the size of the reverse mortgage is not limited from the borrower’s income, and it doesn’t have to be repaid before the [...]

What Does Taking Out Another Mortgage Mean?

Taking out a second mortgage means getting another loan–in addition to your initial mortgage–that uses your house as collateral. Since your property is at stake, the stakes are high if you opt to take out a second mortgage. It is important to take into account the financial implications of the loan, the kinds of merchandise [...]

How to Get a Credit Report

Your charge runs as part of their leasing screening procedure. For charge requirements change. Sometimes, landlords will take a credit report which you secured instead of one pay and they have to ask for. If they want to do their own check, when you view a house for rent, bringing your personal credit report shows [...]

How Can I Determine Rent on Subsidized Housing?

If you get Section 8 rental assistance — a Housing Choice Voucher — from the Department of Housing and Urban Development, you pay some of your rent into a private market landlord, even while your regional housing authority pays the amount that exceeds a certain proportion of your earnings. Your household income, which also functions [...]

Advice of Credit

A home equity credit line, or HELOC, which makes it feasible to borrow money. The equity is the difference between what your home is worth and what you owe itin other words, the portion of your home which you”own.” Unlike with a normal home equity loan, you don’t have to spend the amount in one [...]