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What is a Cooperating Real Estate Firm?
A "cooperating" real estate firm is simply a competing real estate company that works with -- cooperates with -- another company. For example, Sunnyside Real Estate has a house for sale, and True Blue Agency is working with a buyer who is looking for a house to buy. The buyer is interested in the house at Sunnyside. An agent at True Blue shows the house to the buyer and the buyer makes an offer to buy. Sunnyside presents the offer to the seller. Sunnyside and True Blue are "cooperating" with each other to the benefit of their customer/client. Note that cooperation does not automatically include compensation. The firms should first come to a mutually agreeable compensation arrangement prior to showing.
Can you get out of a property listing contract signed with a real estate agent?
Normally agents will let you out of the listing contract, provided the seller agrees that anyone who viewed the property while it was listed will be a protected client for that broker and a commission will be payable if that potential buyer turns into a real buyer within an agreed upon period of time. (Ex: 90 days) If you have a legitimate reason to cancel the listing agreement, contacting the broker in charge of your agent's office should result in the listing being cancelled. The bottom line, if you as a seller refuse to cooperate with showings, the broker's chance of selling the house plummets and most agents have no desire to deal with all that!
Can you sell a house that has a second mortgage on it?
Absolutely, you can sell a house with a second mortgage on it. Keep in mind that you will have to provide clear title at time of closing and that the all mortgages (first and second) will need to be satisfied at closing which can be paid with the proceeds from the sale.
What does the company House Webcheck do for small businesses?
All businesses in the UK are registered at Company House. The Company House Webcheck allows small businesses to access company documents for a relatively small cost.
How do you become bonded for a house cleaning business?
Contact your insurance agent, and this takes some time. The bonding company will need to see your financial information - about as much as if you were applying for a mortgage - so be patient with the process and give your agent plenty of time.
What is the purpose of a construction loan broker?
A construction loan broker is an organization that assists a construction company to temporarily cover the cost of obtaining the plot of land for a future house. An example of a construction loan company is BB&T Mortgage Company.
If your name is on the deed but not the mortgage who is responsible for the mortgage when the house is sold?
The mortgage will be paid off from the proceeds of the sale. The buyer's attorney will make certain the mortgage is paid off before the buyer takes title.
What is a reverse mortgage broker?
A reverse mortgage broker is someone who assists to qualify homeowners to borrow money against the value of their home. The mortgage payment is deferred until the homeowner dies or the house is sold.
How soon after closing on a house do you have to make the first mortgage payment?
Usually this information is in your agreement (the "Note"). Typically if you close in May, your first payment will be in July. You can call your mortgage company for the information, or check in with the bank or broker where you got your loan.
What role do mortgage brokers perform?
The role of a mortgage broker is vital when one plans on buying a house. The broker functions as a middle man between the customer and the financial supplier. As the name states, he brokers the deal so that the customer can get the best interest rate available. A mortgage broker is supposed to be independant.
Where would someone who is looking to buy a house go to find finanzierung which is the German word for financing?
To find financing to purchase a house, one should go to their bank or a mortgage broker. A mortgage broker will be able to find them the right loan to fit their needs.
When a contract is signed by a seller and buyer to purchase a home and requires earnest money pymt by a certain date if it is not collected by the broker who is repsonsible to pay it buyer or broker?
THE BUYER OF THE HOUSE PAYS EARNEST MONEY. NO MATTER WHO'S RESPONSIBILITY IT IS FOR GETTING IT THE ONE WHO PAYS DOESN'T CHANGE NO MATTER WHAT HAPPENS
How do you aplly for a mortgage?
You would need to go to a bank or a mortgage broker. First you will need a pre-approval, then you can start looking for a house. Then once you have made an offer on a house you like and it's accepted, then you go back to the bank/broker you got the pre-approval from and then actually apply for the loan. Hope this was helpful!
How do you get loan for a french citizen to buy a house in Boston?
The same way anyone else would: you talk to a mortgage broker.
Can the mortgage company take your house without the deed?
By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.
Where can you get cheap house insurance?
Many times when you buy a home, your mortgage broker will have a line on reasonable house insurance rates. This is because they cannot finish their sale without it being insured. I would ask your mortgage agent.
How do you know when your house is in foreclosure?
You will be informed by the mortgage company or bank.
