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Terry Story’s Real Estate Survival Guide podcast includes her weekly round-up on NPR's "The Steve Pomeranz Show," WLRN and affiliates. The show provides expert advice in all aspects of the real estate transaction from listing to negotiations; to sales and purchase and everything in between.
Episodes
Monday Nov 26, 2018
Are Your Property Photos Online Years After The Sale?
Monday Nov 26, 2018
Monday Nov 26, 2018
Home Buyers Want Property Photos Removed
Some home buyers are concerned that pictures of their homes and properties continue to stay on real estate websites long after the sale has closed. They cite privacy and security issues. Often, homeowners’ requests for removal go unheeded. (919)
Monday Nov 19, 2018
The Pros And Cons Of Single-Family Homes
Monday Nov 19, 2018
Monday Nov 19, 2018
Single-Family Homes
We are familiar with the term, single-family homes. Yet, only a few know what that means.
Terry defines single family homes as ones that:
- share no walls with neighboring homes
- have their own dedicated kitchen, not shared with any other home
- own the land that they sit on
- have private direct access to a street or a thoroughfare
- have dedicated utilities servicing the house
- are built as residences for single families, persons, or households, with undivided interest in that property.
The one big benefit of buying single-family homes is that you can do whatever you want with them, provided your city permits it.
Townhomes, on the flip side, have shared walls and strong limits on property modifications. (912)
Wednesday Nov 14, 2018
Mortgage Fraud Can Land You In Jail – So Be Truthful!
Wednesday Nov 14, 2018
Wednesday Nov 14, 2018
Mortgage Fraud Up 12.4%
A recent report from CoreLogic shows a 12.4 percent year-over-year increase in mortgage fraud risk for the second quarter of 2018. The report notes that the fraud risk index has steadily climbed over the past seven quarters and that those states with heavy outside investment are at risk for significantly higher mortgage fraud.
New York, New Jersey, and Florida topped the list of fraudulent applications. Risk increased at each of the top 10 riskiest states, with the greatest increases in New Mexico, Mississippi, Illinois, Oklahoma, and Texas.
CoreLogic’s analysis showed that about one in 109 mortgage applications contained some type of fraud, up from one in 122 a year ago. Mortgage applicants incorrectly reported data on identity, income falsification, undisclosed real estate liabilities, credit repair issues, and questionable down-payment sources.
Terry notes that the recent upsurge in home prices has led to a situation where bona fide home buyers are “lying a little” on their mortgage applications to get approved for loans. (1017)