Preferred Lenders

Given all the different types of mortgages available, you may think you need to be a CPA to understand them. Never fear. The pages in this section will help make it easy for you. Preferred Lenders Michelle Pittman Branch Manager, Mortgage Banker Peoples Mortgage 7025 E. Greenway Parkway, Suite 800 Scottsdale, AZ 85254 480-282-6262 Office…

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Title Insurance

Property Ownership – How Secure Are You? Real estate is traditionally a family’s most valuable asset, and many laws have been passed to protect it. While most of these laws are set up to protect the owner, their family and heirs, others may have claim on the property. In certain situations, governmental bodies, contractors, lenders,…

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Homeowner’s Insurance

Most lenders require homebuyers to carry homeowner’s insurance.  This is a hazard insurance policy designed to cover your property against peril. Most homebuyers elect to take out a comprehensive homeowner’s insurance policy.  This type of coverage covers the cost of rebuilding your home, your possessions, liability, vandalism, theft, water damage (not flood related) and loss…

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Escrow

Escrow is “a deed, a bond, money or a piece of property held in trust by a third party to be turned over to the grantee only upon fulfillment of a condition,” as defined by Webster. It exists to provide confidentiality and impartiality during a real estate transaction. Escrow exists because buyers, sellers and lenders…

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Real Estate Glossary

Appraisal – An opinion of value based upon of factual analysis. Appraisal Methods – Generally, there major methods – Cost approach, Income approach, Market Value (comparables) approach. Appreciation – An increase in value of real estate. Assumption of Mortgage – The taking of title to property by a grantee, wherein he or she assumes liability…

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Open Houses

An open house is your chance to show home buyers exactly what they will get when purchasing your property. It is your chance to show off. Remember that first impressions are vital in the home selling process, so it is important to go through your property to make sure you create exactly the impression you…

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