This is a question that is often asked of REALTORS® and mortgage professionals, and one that we could never give a direct answer to. This article that appeared today on CNNMoney.com helps explain the ramifications better than we could.
“By Les Christie, staff writer April 22, 2010: 3:49 AM ET
NEW YORK (CNNMoney.com) — If you’re delinquent on your mortgage, your credit score will suffer. Everyone knows that. The question is, by how much?
Whether you’re selling a home or buying a home, if someone asks for money BEFORE you receive any services you should be skeptical. If you are having trouble making your mortgage payments and considering a short sale and a company wants any of these things from you:
One of the most common questions we are asked as REALTORS® is whether or not the house is in a good neighborhood. Other than the fact that this is an extremely subjective question, since things that are important to you may not be the same things that are important to the next person, we can’t answer the question. Your Realtor cannot legally tell you whether or not a neighborhood is “good”, or recommend a certain neighborhood. If they do, they may be in violation of the Fair Housing Act. So, how do YOU find out about a neighborhood, especially if you are moving from another town, state, or country?
| GLENDALE | GOODYEAR | NORTH VALLEY | GILBERT | SCOTTSDALE |
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