All Posts Tagged With: "contract"
Responsibility: But Didn’t The Borrower Sign The Mortgage?
It hardly seems unfair. Aren’t borrowers responsible for the loans they take out? It’s not like someone is held at gunpoint and forced to accept the worst loan lenders can concoct. That’s the thinking of a considerable segment of the population, a segment represented in some of the email I receive as well as in [...]
8Jul2010 | Peter G. Miller | 7 comments | Continued
FTC Seeks Halt To Mortgage & Foreclosure Relief Programs
The federal government is seeking to shut down more than a dozen firms which supply mortgage modification or foreclosure relief services. According to the Federal Trade Commission, the government has sought to ban more than a dozen marketers from selling mortgage relief and foreclosure relief services, in one instance seeking $11.4 million for contempt. The [...]
21Jun2010 | Peter G. Miller | 0 comments | Continued
Can We See Another Buyer’s Offer For A House?
Question: We made an offer on a home. The broker representing the sellers said a higher offer had been received and asked if we wanted to raise our bid. We declined, but here’s the question: How do we know there was another bid or that it was higher? Answer: One of the most difficult issues [...]
16Mar2009 | Peter G. Miller | 2 comments | Continued
Must A Home Seller Accept Our Full-Price Offer?
Question: We made an offer — which was at the asking price — and owner thinks he now can get more and refuses to take our offer. Can he raise the price or does he have to accept? Answer: He does not have to accept — just think of all the homes in hot markets [...]
9Mar2009 | Peter G. Miller | 0 comments | Continued
10 Questions To Ask Every Empoyment Agency
What should you expect from an employment agency? It’s not an easy question because employment agencies offer a variety of services to a variety of job seekers and a range of businesses. Some agencies specialize in entry-level positions or in given professions. Others are generalists. Also, of course, there is the question of whether or [...]
2Jan2009 | Peter G. Miller | 0 comments | Continued
Can We Get Back Our Deposit?
Question: We purchased a parcel of land on Friday. Two days later we decided to cancel the transaction. (buyers’ remorse). Can we get our deposit back? Answer: Maybe. You need to ask several questions. For instance: First, what does the agreement say? Does it have a rescission or cancellation period during which time you can [...]
18Nov2008 | Peter G. Miller | 0 comments | Continued
Can I Back Out Of A Real Estate Listing Agreement?
strong>Question: What happens if you list a home with a real estate broker and then decide you don’t want to sell? Can the broker make you sell the property? Answer: No. You cannot be forced to sell. However, there can be financial consequences. A listing agreement is a contract between a property owner and a [...]
9Oct2008 | Peter G. Miller | 0 comments | Continued
Should States Ban Instant Online Real Estate Contracts?
While there has been much debate regarding what broker data to post online, how to post it, and who should do the posting, little has been said about the pros and cons of forming instant client relationships on the Internet. The current theory seems to be that a consumer can sign on, sign up, click [...]
17Sep2008 | Peter G. Miller | 0 comments | Continued
Real Estate Escalator Clauses — When Is It Time To Hop On Board?
Is the housing market so hot in your community that bidding wars are breaking out? If yes, you’re likely to meet a little something called an “escalator” clause, a bit of contract writing that may help you win a home — but at a price. The way it works is that homes in Sellersville are [...]
7Sep2008 | Peter G. Miller | 0 comments | Continued
How Quickly Must I Apply For A Mortgage?
Many sale agreements require buyers to apply for a mortgage within a specific time period, say seven to ten calendar days after the contract is signed. This is a negotiable item, however, and can be any period agreeable to both parties. This is an important matter because if an application is not made, then a [...]
31Aug2008 | Peter G. Miller | 0 comments | Continued
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