we are still not closed.
More last minute title crap. They want some paper from the seller AT THE LAST MINUTE. and and the seller is in the hospital. Got a great escrow agent who is sending a notary to him to get it signed. He was not ansering his phone so we called all the local hospitals and found him. Hey, notaries go to hospitals.
Read more on rehab drama 4…
4 things you need to know about dealing with a title company
My last 2 deals were a last minute nightmare because of the title company not reading the paperwork until the last minute. Sometimes when I get a deal flipped to me, the title and escrow has already been selected. I am rethinking this.
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Real Estate Trusts
Rental housing benefited most from the recession.
Frank Nothaft, who is now chief economist for CoreLogic after years in that position with Freddie Mac, calls the outcome of the recession, “A vibrant rental market.”
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FHA Update 2013
Freddie Mac Deputy Chief Economist Len Kiefer said “Housing markets are the strongest they’ve been in years with the National MiMi above 80 for the first time since 2008. “While home prices are still 7 percent below peak values nationally, price indices in many markets are at all-time highs and current low interest rates are helping to support homebuyer affordability,” Kiefer said.. Strong homebuyer demand has put total home sales on pace for the best year since 2007 and look for that trend to continue .
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My rehab update
This house was full. The owner was selling his dad’s house and lived out of state. He did not want to even come down so we sold everything. Lots of goodies- even a big screen tv.
Read more on rehab drama 3…