The purpose of a hardship letter Thu, Jan 19 2012 04:48 PM

Dear Michael: We are buying a new home. The seller asked if he can store his belongings in the garage for two weeks after the close of escrow. We don’t mind if she does, but would like to know if there is any risk involved. 
Answer [..]

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Reverse mortgage is an option if retiring

            Dear Michael: Can you let me know what are the advantages and/or drawbacks regarding a reverse mortgage? I am getting a lot of mail and phone solicitations about this type of [..]

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FHA loan approval not for all homes

             Dear Michael: I am selling my home and received an offer from a buyer with an FHA 5% down payment. My house is in bad shape; it needs a new roof and other repairs. Will it b [..]

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Tenants need to be out five days prior to close of escrow

            Dear Michael: If you make an offer on a house and the seller comes back with a counter offer and you agree to it, can the seller still change his mind and sell to someone else? [..]

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Buyers will need experienced agent for foreclosure

            Dear Michael: We are first-time buyers considering purchasing a foreclosed home, as they are priced lower than standard-sale homes. Are foreclosures a good idea for first-time buy [..]

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