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8 Important Steps to Purchasing a Home

8 Important Steps to Purchasing a Home

Are you thinking about buying a new home and are unsure of what steps you need to take? Some buyers find this process overwhelming, especially first-time homebuyers. But just like with anything else – Knowledge is power. Understanding and following these steps can...

What You Need to Know About Short Sale Escrow

What You Need to Know About Short Sale Escrow

A short sale, or pre-foreclosure sale, occurs when the net proceeds from a property are less than the current lien on the property. The lender must approve the transaction, accepting a “short payoff.” Oftentimes, lenders prefer a short sale over foreclosure. These...

Why It’s Important to Have an Escrow Account

Why It’s Important to Have an Escrow Account

If you have a mortgage, maintaining an escrow account is very important. New homeowners are sometimes unsure of what “escrow” is, so here’s a quick breakdown: First, your lender adds up how much the annual tax and insurance costs are on your home. Then, they evenly...