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"unbelievable under current market conditions"
"You and your team did such a fantastic job. I listed the town house on December 20th and I accepted the offer last Saturday, January 12th. The property was sold in 3 weeks, pretty unbelievable under current market conditions. I would especially like to praise Lisa Valenti, she was the person that listed the property, helped set a selling price and prompted the offer from the buyer that I accepted. Lisa and your whole staff (Cara, Jennifer, Chandra and Pete) are the most professional reality team I have ever dealt with. I especially like the manner in which your team is organized - each team member specializes in a specific task. Your agency should be the model of efficiency and competence followed by other realtors throughout the country. I would like to thank you and your entire staff for a job very well done. In my estimation, you people truly are 'The Dream Team'. I will highly recommend your agency to ALL family and friends in the future!"
Pete Johnson
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Financing Your Home >Balloon Mortgages
In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.
Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.
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What is encroachment, and how might it affect a property owner?
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| A |
Encroachment, refers to the unauthorized intrusion of a building or improvement onto another person's property; it often requires a surveyor's report to support the claim. |
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