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Property Management Blog

Blog Post Where Does the Money Come From for Mortgage Loans?

Where Does the Money Come From for Mortgage Loans?

By R&B Legacy PM Thursday, October 6, 2022
In the olden days, when someone wanted a home loan they walked downtown to the neighborhood bank or savings & loan. If the bank had extra funds lying around and considered you a good credit risk, they would lend you the money from their own funds. It doe...
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Blog Post Lead Poisoning

Lead Poisoning

By R&B Legacy PM Thursday, September 29, 2022
Lead poisoning is a serious problem that can lead to adverse health problems. In children, high levels of lead can cause damage to the brain and nervous system, behavioral and learning problems, slow growth, and hearing problems. In adults, lead poisoning...
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Blog Post Plan of Action

Plan of Action

By R&B Legacy PM Thursday, September 22, 2022
Analyze why you are selling - If you understand your motives, you will be able to better negotiate and to get what it is that you want, whether it be a quick sale, high price, or somewhere in the middle.Prepare your home for the buyer - Maximize the strengths of your pr...
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Blog Post Is Buying a Home Still a Smart Plan

Is Buying a Home Still a Smart Plan

By R&B Legacy PM Thursday, September 15, 2022
With the burst of the housing bubble, credit crisis, and millions of foreclosures across the country, you may wonder if buying a home is such a good idea after all. However, it's important to consider all of the facts. The important message to take away f...
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Blog Post The Biweekly Mortgage - Who Needs It?

The Biweekly Mortgage - Who Needs It?

By R&B Legacy PM Thursday, September 8, 2022
Have you received an advertisement offering to save you thousands of dollars on your thirty-year mortgage and cut years off your payments? With email spam becoming more pervasive as everyone tries to get rich quick on the Internet, these ads are popping u...
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Blog Post Title Insurance When Refinancing Your Loan

Title Insurance When Refinancing Your Loan

By R&B Legacy PM Thursday, September 1, 2022
Lower interest rates have motivated you to refinance your home loan. The lower rate may save you a tremendous amount of money over the life of the loan, but you should also expect to pay the lender the typical closing costs associated with any new loan, i...
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Blog Post Underground Heating Oil Tanks

Underground Heating Oil Tanks

By R&B Legacy PM Thursday, August 25, 2022
Underground heating oil tanks can pose many potential problems to both home buyers and sellers. They have been the source of many environmental problems such as contamination of surrounding soil and ground water. Leaks are generally caused by the rust in...
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Blog Post For Sale By Owner - A Good Idea?

For Sale By Owner - A Good Idea?

By R&B Legacy PM Thursday, August 18, 2022
FSBO (pronounced fizz-bo), or For Sale By Owner, is a way of selling your home without the use of a professional real estate agent or broker. The idea behind FSBO is that by selling your home yourself, you save the approximate 6% that would be the agents'...
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Blog Post Hot, Normal, and Cold Markets

Hot, Normal, and Cold Markets

By R&B Legacy PM Thursday, August 11, 2022
Hot Market This is an extremely competitive market and is advantageous to the seller. Sometimes, homes will sell as soon as they are listed or even before homes are listed. Typically, during a hot market, multiple offers will be made on each home and mor...
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Blog Post Land Contract

Land Contract

By R&B Legacy PM Thursday, August 4, 2022
An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property...
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