Category Archives: Mortgage

Refinancing your home – beware of scams

How many letters with offers to refinance your home did you receive in the mail last week? Was one of them from the bank your current mortgage is with? The last one seems like a good option to refinance your … Continue reading

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Loan Modification: are you sure?

I had a meeting with a homeowner who accepted a perfect loan modification last week. Some thoughts to share: A Loan Modification is what a lot of homeowners in distress are wishing for. However they can be quite stressful and … Continue reading

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Deficiency: shortage, deficit… or paying back what you owe…

The majority of people who buy a home need a mortgage or a loan. The home is yours, you pay the mortgage back over the life of the loan. When you sell the home you pay off the remainder of … Continue reading

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I want to buy your house! But…

Ahh the ‘buts’ or the contingencies. As a proud home seller, you received the offer and if everything goes well, you’ll close escrow¬† in 30 days… 99.9% of all offers are made with contingencies: Inspection contingencies and loan contingencies are … Continue reading

Posted in Buyers, Disclosures, Economy, Mortgage, Sellers, Sonoma County info | 1 Comment

Reverse Mortgage – a way to foreclosure proof your house.

A few days ago I had coffee with David Carter, he is a reverse mortgage specialist at BofA. When I initially heard about reverse mortgage I thought is was some sort of a scam… I was wrong. As with any … Continue reading

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