Chance Gates' Blog

Before You Look At Another House, There are 10 Things

You Should Know About Buying In Reno Or Sparks

(If you don’t, it could cost you thousands of dollars)

FREE HOME BUYER CLASS

This 10 Things and more will be covered in a hard hitting, compact ONE hour Home Buyer’s Workshop designed to answer questions you have about buying a home!

At This Class You Will Learn:

How much can I afford?  What government programs can I qualify for?  How many zero down loan programs do I qualify for?  What are closing cost?  How do mortgages work?  What programs do I qualify for the will pay my closing cost?  Do I qualify for a low interest government loan?  How can I get the seller to pay for my  closing cost?  Is my credit good enough and can I see my credit report?  What is the best way to find the right home?  How can I get into the Multiple Listing Service computer to find the best home?  Can I use the $8,000 tax credit for down payment/closing cost?

At This Class You Will Receive A 16 Page Credit Repair Manual

This and all the other information is your FREE with absolutely no obligation of any kind!!

There are more than 400 types of home loans!  Do you know which is best for you?

We will take the confusion away and replace it with practical down-to-earth knowledge that you can use.  We will make it simple from getting started to getting moved in.\, we’ll lead you through the home buying process. 

There is NO CHARGE for this class, and you can bring a guest.

Class size is limited, so register today!

Class also includes Lender information, Inspection Information,

Realtor Home Search Information & dozen of other helpful hints!

Class Presented by:

Capital Title, Realty World Ballard Company,Inc.,

Platinum Home Mortgage and more

Class Location:

Northern Nevada Real Estate School

3951 S. McCarran Blvd

(NE corner of McCarran & Longley)

Tuesday, August 11, 2009 from 6:30 to 8:00 p.m.

Call for a FREE recorded message & Reservations:(775)997-9008

On 7-1-09 a homeowner, owner-occupied residents, will be allowed to request for mediation in attempts to keeps his house and negotiate a loan modification.
Here the site for more information http://www.leg.state.nv.us/75th2009/Bill…

The 3 steps for a homeowner to keep his house:
1.) Talk to the bank and try to refinance.
2.) Contact a senator and ask for his help getting a loan modification.
3.) Request Mediation

Understand I’m not a lawyer and will not give legal advice, however if I can be of assistance with Reno/Sparks Nevada Real Estate part please let me know.

As a Reno/Sparks real estate professional I encourage all questions and comment on the Reno/Sparks real estate market or any article posted.  I can be reached by email at  chance at ballard-company.com or  http://www.myspace.com/chancegates

Buying or selling a home (or other piece of real property) usually involves the transfer of large sums of money. It is imperative that the transfer of these funds and related documents from one party to another be handled in a neutral, secure and knowledgeable manner. For the protection of the buyer, seller, and lender, the escrow process was developed.

As a buyer or seller, you want to be certain all conditions of sale have been met before property or money change hands. The technical definition of an escrow is a transaction where one party engaged in the sale, transfer or lease of real or personal property with another person delivers a written instrument, money or other items for disbursement upon the happening of a specified event or the performance of a specified condition.

Simply stated, the escrow holder impartially carries out the written instructions given by the principals. This includes receiving funds and documents necessary to comply with those instructions, completing or obtaining required forms and handling final delivery of all items to the proper parties upon the successful completion of the escrow.

The escrow must be provided with the necessary information to close the transaction. This may include loan documents, tax statements, fire and other insurance policies, title insurance policies, terms of sale and any sell-assisted financing, and requests for payment for various services to be paid out of escrow funds.

In the transaction is dependent on arranging new financing, it is the buyer’s or his agent’s responsibility to make the arrangements. Documentation of the new loan agreement must be in the hands of the escrow holder before the transfer of the property can take place. A real estate agent can help identify appropriate lending institutions.

When all of the instructions in the escrow have been carried out, the closing can take place. At this time, all outstanding funds are collected and fees such as title insurance premiums, real estate commissions, termite inspection charges are paid. Title to the property is then transferred under the terms of the escrow instruction and appropriate title insurance is issued.

Payment of funds at the close of escrow should be in the form acceptable to the escrow, since out-of –town and personal checks can cause days of delay in processing the transaction.

As a Reno/Sparks real estate professional I encourage all questions and comment on the Reno/Sparks real estate market or any article posted.  I can be reached by email at  chance at ballard-company.com or  http://www.myspace.com/chancegates