Ten issues that every homeowner should know .... and avoid.
It's tough. :
Mortgage, mortgage company, repair, company, loan, house, get, interest, real estate, property, payment, real estate
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Home ownership is what most people dream of. It can not be a nightmare.
1. Real estate fraud
"Someone forged my signature on the grant certificate. The document says that my property belongs to someone I do not know now."
Please contact your state real estate fee.
2. Unlicensed contractor
"I hired a person who said he was licensed to repair my kitchen. He started his work but never ended. I found that he was not licensed , He recorded mechanic's liens against my house. "
We will not hire an unlicensed contractor.
3. "Tsu"
"Because I can show you the email people from the beginning of my home payment behind the cancer. I will make a back payment and contract with a man who promised to help me get a new loan He did not do anything Instead, he sold my house to someone else and now I am being kicked out. "
If you are late for payment, call your mortgage company and get the payment plan going well.
4. High interest rate loan
"I thought I was getting a good deal on refinancing. After all, if the interest rate was too high, they charged me all sorts of junk."
Shop for the best rates and rates and make sure you read your fine print before getting a new loan.
5. Adjustable Fixed Rate Loans
"The loan officer said I had obtained a 30 year loan with a fixed interest rate. After half a year, my interest rate jumped more than 3%."
A review can be made prior to the loan documents. Interest rates need to be disclosed by the lender.
6. Account and Billing Errors
"I will pay a mortgage for my mortgage company credit my account."
Send a letter to your mortgage company requesting payment history. Please include your account number in the letter.
7. Illegal room
"I just moved to the house I bought and the city tells me that some of the rooms were added without building permission."
You may need to change it. Please check your building permit before you buy a house.
8. Repair and Escrow
"Before I bought my house, the seller promised to do a repair. Close sign on a business hotel of interest with private agents and have not done any repairs even in escrow. It is 3 months and , The seller has not repaired yet. "
Make sure the repair is complete before closing.
9. Property tax not paid
"My mortgage company was assumed to pay my property tax, but there was no. Now I have past taxes and penalties."
Call up your mortgage company description. If they don't take care of the problem, please contact your state real estate mission.
10. Purchase of vacant land
"I bought some vacant land in the desert to build a house on. The seller said there was water, sewer, electricity, phone service. After all, none of them are available."
Check with your local building and safety department before purchasing vacant land.
Take your time and do your homework. Buying real estate is usually the largest investment you can make. It takes time to read all the documents, and if you don't understand something, ask questions. If necessary, hire a real estate lawyer to protect your interests.
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