|
|
Do you have all of the necessary Documents Handy?
The papers you’ll need…
-
Mortgage documents: you may wish to meet with your loans officer to discuss transferring, discharging or paying out your mortgage. This is a good time to begin negotiations on the terms of your next mortgage.
-
A Statement from your lender indicating the mortgage balance and
the date to which  interest has been paid,
-
Property survey: be sure to inform your RE/MAX agent if there have been any changes to your property that could affect the accuracy of the survey.
-
Your deed or transfer of title document.
-
Tax assessment documents.
-
Utility bills - Receipts showing payment of the latest water, electric, and gas bills
-
Other claims relating to your home:
- separation agreement or court order
- will or probate documents
- liens
- unpaid judgments against you
- unpaid taxes
- unpaid utilities
- pending litigation
-
Pertinent condominium documents (if you live in this type of home).
-
Maintenance history (include repair receipts).
-
Items and information that will make your home more marketable:
- photographs or videos of your home with the garden in bloom or your pool open and beautiful
- conceptual ideas for upgrades or renovations that you have considered
|
|
What Everybody must Know About Real Estate Fraud
Real Estate fraud can be made up of:
Mortgage Fraud
Mortgage fraud is a type of real estate fraud that most often hurts the financial institutions that lend money for purchasing property. The most common is where the "Buyer" acquires the property and then artificially increases the property’s value through a series of sales and re sales between the "Buyer and someone in cooperation with them. A mortgage is then secured on the property based on the price that has been artificially inflated.
Title Fraud
Title Fraud is where its the Home Owner that most often hurt. The most common form is where the fraudster uses stolen identities or forged documents to transfer a registered home owner’s title to himself or herself without the registered owner’s knowledge. Then the fraudster then obtains a mortgage on this property. When the funds are advanced on the mortgage, the fraudster vanishes from the scene leaving the home owner in despair. This type of fraud is most commonly called Mortgage Fraud.
|
|
|
|
