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There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Homeowners who are selling property they purchased many years ago are sometimes dismayed to discover that a lien must be paid on their house. The lien can be the result of work done by a contractor that was never recorded as "paid in full." To challenge such a lien, the buyer can release it by posting a bond pending adjudication. In other cases, a title search may disclose claims against the property by an ex-spouse, past heir, or a former owner. A simple quitclaim deed may be used in such a case. A quitclaim deed allows the person involved to sign over whatever rights he or she may have had in the property without laying any claim to it.
If the seller will not be receiving the proceeds from the sale of their present home in time to close on a new home, it may be possible to arrange a swing loan. Most real estate transactions involve some hesitation and questions on the part of the seller and the buyer. The real estate agent can help to bring the property sale to a successful conclusion by providing solutions that satisfy all parties and resolve any outstanding issues.
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates.
The Ronding Team RE/MAX 1 2911 Tower Avenue, Suite 2 Superior, WI 54880 Direct: 218-348-SOLD (7653) Superior, WI Office: 715-392-1111 Duluth, MN Office: 218-722-2810 JimRonding@NUMBER1EXPERT.com
Jim Ronding has been a professional full-time Realtor for over 22 years in the Twin Ports area. Jim has consistently ranked in the top 5% of real estate agents nationally in terms of number of homes sold. Jim, along with the wonderful support of his staff, and RE/MAX 1, will make your next move your smoothest transaction yet! Guaranteed!
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