Comments on: Short escrow? Get your ducks in a row BEFORE you make an offer. http://www.chicohomesearch.net/2007/11/02/short-escrow-get-your-ducks-in-a-row-before-you-make-an-offer/ Chico California Real Estate Blog/Chico CA Homes for Sale Search/Chico MLS Listings/ Top Chico Realtor Tue, 6 Jan 2009 22:35:14 +0000 http://wordpress.org/?v=2.3 By: Carin http://www.chicohomesearch.net/2007/11/02/short-escrow-get-your-ducks-in-a-row-before-you-make-an-offer/#comment-110 Carin Tue, 27 Nov 2007 12:27:24 +0000 http://www.chicohomesearch.net/2007/11/02/short-escrow-get-your-ducks-in-a-row-before-you-make-an-offer/#comment-110 When considering buying a home, research your mortgage insurance alternatives. Most people don't realize that they have options other than the coverage offered by the lender. A term life insurance policy in an amount sufficient to cover the mortgage can be substantially cheaper. Term life also allows you, NOT the lender, to name the beneficiary. When considering buying a home, research your mortgage insurance alternatives. Most people don’t realize that they have options other than the coverage offered by the lender. A term life insurance policy in an amount sufficient to cover the mortgage can be substantially cheaper. Term life also allows you, NOT the lender, to name the beneficiary.

]]> By: Paula, Indianapolis Real Estate http://www.chicohomesearch.net/2007/11/02/short-escrow-get-your-ducks-in-a-row-before-you-make-an-offer/#comment-94 Paula, Indianapolis Real Estate Sat, 24 Nov 2007 13:39:06 +0000 http://www.chicohomesearch.net/2007/11/02/short-escrow-get-your-ducks-in-a-row-before-you-make-an-offer/#comment-94 Sandi - PreApproval is essential for a quick close, along with your additional advice! Preparation is key! Sandi - PreApproval is essential for a quick close, along with your additional advice! Preparation is key!

]]> By: South Charlotte Homes http://www.chicohomesearch.net/2007/11/02/short-escrow-get-your-ducks-in-a-row-before-you-make-an-offer/#comment-74 South Charlotte Homes Sun, 18 Nov 2007 02:16:03 +0000 http://www.chicohomesearch.net/2007/11/02/short-escrow-get-your-ducks-in-a-row-before-you-make-an-offer/#comment-74 Thanks Sandi for a great post on quick escrow bargains in Chico. You diagram everything a Buyer needs, and a seller to, to determine the real value behind an offer. Terry McDonald|Charlotte NC Thanks Sandi for a great post on quick escrow bargains in Chico. You diagram everything a Buyer needs, and a seller to, to determine the real value behind an offer.
Terry McDonald|Charlotte NC

]]> By: Sandi http://www.chicohomesearch.net/2007/11/02/short-escrow-get-your-ducks-in-a-row-before-you-make-an-offer/#comment-47 Sandi Sun, 04 Nov 2007 05:16:21 +0000 http://www.chicohomesearch.net/2007/11/02/short-escrow-get-your-ducks-in-a-row-before-you-make-an-offer/#comment-47 Ricardo- You are, of course, correct. Notice I said pre-approval, NOT prequalification! One of my previous posts addresses some of the differences between the two. Thanks for contributing a very valuable reminder! People often mistake one for another. Ricardo- You are, of course, correct. Notice I said pre-approval, NOT prequalification! One of my previous posts addresses some of the differences between the two.

Thanks for contributing a very valuable reminder! People often mistake one for another.

]]> By: Ricardo Bueno http://www.chicohomesearch.net/2007/11/02/short-escrow-get-your-ducks-in-a-row-before-you-make-an-offer/#comment-46 Ricardo Bueno Sun, 04 Nov 2007 05:10:20 +0000 http://www.chicohomesearch.net/2007/11/02/short-escrow-get-your-ducks-in-a-row-before-you-make-an-offer/#comment-46 Just a reminder that pre-qualification and pre-approval are two separate items. In the case of a short escrow, what you want is pre-approval! An ACTUAL pre-approval will be a letter on a lender's (not broker's) letterhead outlining the loan amount, interest rate and terms of the note as well as any pre-doc closing conditions. An approval without conditions is NOT an approval! -- RB Just a reminder that pre-qualification and pre-approval are two separate items. In the case of a short escrow, what you want is pre-approval!

An ACTUAL pre-approval will be a letter on a lender’s (not broker’s) letterhead outlining the loan amount, interest rate and terms of the note as well as any pre-doc closing conditions.

An approval without conditions is NOT an approval!
–
RB

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