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Basic 10 Items to Gather to Buy
or Sell Your Property
1. Driver’s license or other
government issued ID. Lenders now require two pieces of ID
Definitely have ID with you when you go to sign the closing documents.
2. W-2s for the last two years if
salaried or Tax returns for the last two years if self-employed.
3. Most recent paycheck stubs for
the last 30 days and last two month’s bank statements (all of your
checking and savings accounts)
4. Names and addresses for
employers for the last two years.
5. Separation agreements or
divorce decrees.
6. Residence addresses and
landlord information for the last two years.
7. Gift letters
8. Addresses and loan information
of other real estate owned.
9. Current mortgage statement
(s).
10. Compliance
certificates/Building permit packages.
READ
ALL THE DETAILS HERE
LENDER CORNER: Foreclosures Decrease
Mortgage servicers completed more than three times as many
loan modifications
and other home retention actions as they did foreclosures and other
home forfeitures in the fourth quarter of 2010, according to new
government figures released today.
The percentage of
mortgages listed as delinquent or in foreclosure fell to its lowest
level in a year and a half, with 87.6 percent of home loans listed as
current and performing.
This should lead to
higher property values for current homeowners and those looking to get
into the market. Many experts are expecting lower foreclosure rates
combined with historic low interest rates, that buying activity will
increase in the summer months.
Contact our Lender Partner,
Steve Penske,
Sound Mortgage, Inc.
Web:
http://oahuva.com
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