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Property Management Blog

Blog Post Types of Mortgage Lenders

Types of Mortgage Lenders

By R&B Legacy PM Friday, February 11, 2022
Mortgage Bankers.Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is considered to be a mortgage banke...
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Blog Post Understanding Preliminary Reports

Understanding Preliminary Reports

By R&B Legacy PM Friday, February 4, 2022
After months of searching, you’ve finally found it -- your perfect dream home. But is it perfect?Will you be purchasing more than just a beautiful home? Will you also be acquiring liens placed on the property by prior owners? Have documents been recorded that will restrict ...
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Blog Post Setting the Price

Setting the Price

By R&B Legacy PM Friday, January 28, 2022
The price is the first thing buyers notice about your property. If you set your price too high, then the chance of alienating buyers is higher. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home.Several factors wil...
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Blog Post Importance of Inspection

Importance of Inspection

By R&B Legacy PM Friday, January 21, 2022
As a buyer, you are entitled to know exactly what you are getting. Don’t take anything for granted, not even what you see or what the seller or listing agent tell you. A professional home inspection is something you MUST do, whether you are buying an existing home or a new ...
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Blog Post Your Savings and Down Payment

Your Savings and Down Payment

By R&B Legacy PM Friday, January 14, 2022
Your First Step Toward Buying a HomeWhen preparing to buy a home, the first thing many homebuyers do is look at the real estate ads in newspapers, magazines and listings on the Internet. Some potential buyers read how-to articles like this one. The next thing you should do - befo...
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Blog Post Why Do You Need Title Insurance?

Why Do You Need Title Insurance?

By R&B Legacy PM Friday, January 14, 2022
Title Insurance.It’s a term we hear and see frequently - we see reference to it in the Sunday real estate section, in advertisements and in conversations with real estate brokers. If you’ve purchased a home before, you’re probably familiar with the benefits and ...
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Blog Post What's a FICO?

What's a FICO?

By R&B Legacy PM Friday, January 14, 2022
What is a FICO® Score?FICO® stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau’s computer evaluates a complete credit profile and assigns a score, which is used to estimate credit wo...
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Blog Post What is a Short Sale Anyway?

What is a Short Sale Anyway?

By R&B Legacy PM Friday, January 14, 2022
An increase in foreclosure rates will inevitably bring with it an increase in short sales. But what is a short sale?A short sale happens when you sell your house for less than your remaining mortgage balance, the proceeds of which go to the lender and in return the lender forgive...
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Blog Post Understanding Foreclosures

Understanding Foreclosures

By R&B Legacy PM Friday, January 14, 2022
It is an unfortunate commentary, but when economic activity declines and housing activity decreases, more real property enters the foreclosure process. High interest rates and creative financing arrangements are also contributing factors.When prices are rapidly accelerating duri...
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Blog Post Thinking About Buying a Foreclosure?

Thinking About Buying a Foreclosure?

By R&B Legacy PM Friday, January 14, 2022
With the housing bubble burst and the subprime mortgage crisis, millions of homeowners found themselves unable to make their mortgage payments. Many found themselves owing more on the house than the home was worth. Many just walked away from their homes. As a result of these comp...
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