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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Say What? Home-Buying Lingo You Should Know

Zillow

Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing of escrow is the responsibility of the escrow agent.

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Buying A Foreclosed Home In 6 Steps

Quicken Loans

But if you work with a real estate agent who understands your local foreclosure market, the stress shouldn’t be much higher than during a traditional home buy. During this process, a real estate appraiser determines how much a home is worth in the current housing market. Buying A Government-Owned Property.

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What’s Included in Closing Costs?

PennyMac

An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Some lenders require you set aside a few months of property tax and mortgage payments in an escrow account as part of your closing costs. FHA Mortgage Insurance Premium.

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Buying a Second Home – What You Need to Know

PennyMac

Insurance. A second home usually means higher insurance costs for homeowners. The location and type of home you have will influence how much insurance costs, especially if you are getting a vacation home with many appealing amenities. If you’re renting, there’s also landlord insurance. Taxes and Fees.

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What Is a Foreclosure and How Does it Work?

Quicken Loans

Foreclosure can also happen when the homeowner fails to pay their property taxes or homeowners association fees. Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property. Government mortgage relief programs. In an REO, the bank is the sole owner of the property.

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How To Appraise Rural Properties

Appraisal Today

In contrast to Value Acceptance, most homeowners are familiar with Mass Appraisal, the approach commonly employed by County Assessors for property tax purposes. Personally, regarding agent commissions, I have always thought percentages were not a fair way to pay for real estate agent services.