Foreclosures
Tagged as:
From the Trenches,
Northeast Valley,
Northwest Valley,
REO/Bank Owned,
Southeast Valley,
Southwest Valley
Image courtesy of Stock Exchange user svilen001 Just a little blurb from one of our favorite title/escrow officers, Maggie Clark of Equity Title. This gives a good picture of just how much the REO (“real estate owned”, i.e. bank owned foreclosure) properties are driving the market lately. Southwest Valley – REO active listings represent 16% [...]
21 September 2009
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Buyer Help
Tagged as:
FHA,
REO/Bank Owned
I asked one of our favorite lenders the question many, many buyers are asking their Realtors: “How much do I need to cover closing costs?” Here’s his answer. Purchase Price Amount to Cover Closing Costs $75,000 – $100,000 6.00% $105,000 – $145,000 5.00% $150,000 – $185,000 4.00% $190,000 – $255,000 3.00% $260,000 – $305,000 2.50% [...]
19 September 2009
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