The following information comes courtesy of the National Association of Realtors.
They have a new brochure - "How to Avoid Foreclosure and Keep your Home" - this provides outstanding information for existing homeowners who may not be able to afford their current mortgage, including phone numbers, counseling services and just plain good advice - take a look here. (This opens as a .pdf in a web-page - remember, you can change the size of what you are viewing by adjusting the % size)
They have another brochure - "How to Avoid Predatory Lending" - it's aim is to help prospective homeowners avoid unfair lending practices - take a look here. Also, keep in mind that a Realtor can be integral in helping you avoid becoming a victim of predatory lending - share your good faith estimates w/ your Real Estate Agent - they will be able to tell you if the fees being charged are fair or not.
And, visit this web-site for more information regarding subprime lending.
Looking to buy a new home? Read this article first - it provides deep insight into the process of buying a new home and offers many thought provoking questions regarding this purchase. Go to www.denvernewhomebuyers.com - Vital Information about the Process, Plus Tips on Maximizing the Purchase.
Interested in Searching the Metro Denver Area MLS for Free? => Go to www.seanreilly.myhomecards.com and sign up for a Homecard.
Interested in knowing the Value of your Home? => www.seansellshouses.com/freecma.htm
Interested in knowing what people have said about me being a Realtor? => www.seansellshouses.com/testimonials.htm
Sean Patrick Reilly
RE/MAX Southeast
303.512.0405
Double Major - Real Estate & Construction Management - University of Denver
Well written article.
Posted by: Annis | Wednesday, October 29, 2008 at 12:29 AM