Tag: sellers

Assumption advantage on the FHA loan

In addition to a low interest rate and a reduced required down payment, the FHA loan offers today’s homebuyers another little-noticed advantage over the conventional/conforming loans. Unlike most conventional loans, FHA loans are assumable...

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Developer fees a.k.a. capital recovery fees

Imagine this scenario: You have to move because of your job. You have lost all of the equity in your condo that you purchased two years ago, but thankfully, you are not underwater and will break even on the sell. You arrive at the closing...

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What about me? I’m the seller!

[Editor’s note: Fannie Mae recently issued new restrictions on use of Power of Attorney. Please read this article and contact our office with any questions.] If you must use Power of Attorney, please contact our office. Almost...

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