Richard Foster's (n7qmk) Blog

By
Real Estate Broker/Owner - Law Office of Richard V. Foster - B.58356 PM.163860
RECENT BLOG POSTS
You get a call from someone responding to one of your ads or regarding a sign they saw in the yard and they sound serious. So now you jump in your car and drive as fast as you can to show the house right??? ARE YOU NUTS???? These days people have never had more ways to cause you problems then th...
08/28/2008
I just read another blog about the clinet that wants the world and has unrealistic expectations. PEOPLE, PEOPLE, PEOPLE.... The first lesson we learn as an agent is that clients have no clue what we do. Clients and the general public think we show a house and pocket a big check... YEAH RIGHT!!! T...
08/27/2008
Too many agents focus on your pre-approved loan purchase amount. Most agents see you are approved for up to $250,000 with 20% down payment... Cool...Well, maybe not so cool if you don't take it to the next step. Your agent really needs to know much more: First a few Terms SID = Special Improveme...
08/27/2008
0 Comments
CASH FOR KEYS is a term used by REO companies and agents for the practice of offering money to turn over a foreclosed property in good shape and without the expense of the eviction process. The benefits to the lender is that the departing occupants (either prior owner or renters) tend to leave th...
08/27/2008
Glossary of Mortgage Terms Adjustable Rate A mortgage with an interest rate that changes over time with Mortgage movements in the consumer price index. Adjustment Period The length of time between interest rate changes on an ARM for example, a loan with an adjustment period of one year is called...
08/17/2008
Glossary of Mortgage Terms Adjustable Rate A mortgage with an interest rate that changes over time with Mortgage movements in the consumer price index. Adjustment Period The length of time between interest rate changes on an ARM for example, a loan with an adjustment period of one year is called...
08/17/2008
Glossary of Real Estate Terms   Policy                                       lien.  It does not protect the buyer.  Also required for 2nd                                                 mortgages.   Principal                                   The employer of an agent in an agency relationship.  ...
08/17/2008
Glossary of Real Estate Terms Agency A legal relationship in which someone (principal) hires someone else (agent) to represent them to a third party. Assessed Value The value placed on property by the County Assessor as a basis for taxation. Chain of Title A history of conveyances and encumbranc...
08/17/2008
0 Comments
Moving Checklist What To Do First o Make reservations with the moving company or truck rental company. o Sort through your treasures hiding in the garage, closets, etc. and hold a yard sale o Make repairs; arrange for any professional cleaning services if necessary Preparation o Pick up the chang...
08/17/2008
Rainer
284,335

Richard V. Foster, Esq.

Broker (58356) - ABR/M, CREN, CRS, GRI, RRG, SFR
smartphone(702) 521-5675
Contact The Author