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Louisiana Title Services Newsletter |
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"Closing the American Dream" |
October 2007 |
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Location! Location! Location!
Location is important...and that is why we want you to know that
we are conveniently located at
8801 Bluebonnet Blvd.
on the corner of N. Oak Hills Parkway and Bluebonnet Blvd.
Please stop in and visit us with your next closing. We'll ensure
a smooth transaction, in a convenient, relaxed environment.
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Please contact Layne Dodd about available office space to hold
meetings for FREE!
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Greetings!
Hope everyone is enjoying a great start to LSU football
season! Thanks for taking the time to read our monthly
newsletter.
This month our stories are about keeping a transaction on
track in relation to closing and funding. As well as a story
about new FHA legislation that will benefit homebuyers.
We wish everyone a spooky and safe Halloween!
Enjoy!
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KEEPING THE TRANSACTION ON TRACK:
7 Reasons Customers Cancel Deals-And What You Can Do
1.
Buyers' remorse
2.
Home defects
3.
Financing
4.
Unforeseen emergencies
5.
Contract misunderstandings
6.
Anger
7.
Friends' advice
Read more...
Source:
www.realtor.org |
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NAR Says Homeowners and Buyers Will Benefit From FHA
Reform Legislation and FED Rate Cut |
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Today is a good day for housing, noted the National
Association of Realtors®. On the same day that the Federal
Reserve cut the discount rate by half a percentage point,
the U.S. House of Representatives has passed the Expanding
American Homeownership Act of 2007, H.R. 1852. The
legislation will offer home buyers a safer alternative to
risky mortgage products and help many homeowners who may
be facing foreclosure, and the combination of efforts
could have a positive impact on the housing market and
consumer confidence. |
Read more...
Source:
www.realtor.org |
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How
to Minimize Funding Issues at Closing
By: Rick Staff
Make it a routine practice to ask the closing office if they
are aware of funding issues with the lender and schedule the
closing accordingly.
Over the last year REALTORS®, title companies, lenders,
consumers and regulators have sought a solution to the problem
of mortgages that are not funded at closing. Despite the
conclusion that only a small percentage of loans are funded
late, there are enough of these transactions that REALTORS®
have asked how to deal with the problem.
Read more...
Source:
http://news.wra.org/story.asp?a=161 |
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