Category: Finances

Pre-Approved Mortgage? Here’s What You Need

Gathering documents to get pre-approved for a mortgage sets buyers who buy homes apart from buyers who aren’t able to buy a house. Buyers who are pre-qualified by a mortgage lender prior to beginning their home search have a significant advantage over buyers who have not called a lender to get pre-qualified or (even better) […]

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Intangible Personal Property Tax Expanded to Locally Assessed Businesses by Oklahoma Supreme Court

Intangible Personal Property Tax Has Been Expanded to Locally Assessed Businesses by Oklahoma Supreme Court Mike Means of the Oklahoma State Homebuilders Association sent out a legislative update this morning, saying: In September of 2009, the Oklahoma Supreme Court ruled that with the exception of items listed in Article 10, Section 6A of the Oklahoma […]

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Did I commit fraud on my mortgage application?

Did I commit fraud on my mortgage application?

When buying a home, it is very important to stay in close contact with your mortgage lender and ask them whether or not a certain action will alter the status of their loan application. It may adversely affect your mortgage application if you change jobs or even pay down your credit cards while waiting for […]

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The View From Both Sides – Seller or Buyer

The View From Both Sides – Seller or Buyer

Buying and selling a home can be very emotional and stressful. Once a contract is signed and the period of due diligence begins, the buyer has the right to enter the home with qualified professionals to determine whether or not they need to amend the contract in any way based on what is discovered regarding […]

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A Short Sale is a Fire Sale ... without the Fire

A Short Sale is a Fire Sale … without the Fire

A couple of years ago, my company began sending out a single-spaced list of distressed properties for use by agents in our company.  It is a list of short sales and bank-owned properties and in November of 2008 it was about 12 pages long.  I would watch it and noticed that occasionally it would drop […]

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How To Qualify For HAFA Short Sale

How To Qualify For HAFA Short Sale

Twenty years ago after the Oil Bust in Tulsa, Oklahoma, when a homeowner could not sell his home for enough money to pay the bank off and pay all the expenses from the proceeds of the sale, the homeowner took his checkbook to the bank and wrote a check at closing in order to get […]

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FHA Guidelines for Single-Wide Mobile Homes

FHA Guidelines for Single-Wide Mobile Homes

I heard that it is next to impossible to get a mortgage on a single-wide mobile home, so I sought advice around the office. One “seasoned” real estate agent told me she doesn’t list them because “they aren’t real estate.”  I understood the undertone better than the words.  This is not the right attitude to […]

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