Comments on: How to Lose Your House http://www.1siliconvalley.com/how-to-lose-your-house/ your consumer guide to the sf bay area real estate market Mon, 13 Oct 2008 04:39:37 +0000 http://wordpress.org/?v=2.0.4 by: RY http://www.1siliconvalley.com/how-to-lose-your-house/#comment-222 Wed, 14 Feb 2007 17:01:41 +0000 http://www.1siliconvalley.com/how-to-lose-your-house/#comment-222 Thanks for the article! I'm currently in the market to buy my first home and the info you just provided helps a lot! I never realized the difference between the interest rate and APR. Cheers, -RY Thanks for the article! I’m currently in the market to buy my first home and the info you just provided helps a lot! I never realized the difference between the interest rate and APR.

Cheers,
-RY

]]> by: Padma http://www.1siliconvalley.com/how-to-lose-your-house/#comment-211 Thu, 08 Feb 2007 23:19:08 +0000 http://www.1siliconvalley.com/how-to-lose-your-house/#comment-211 Good article, and a must read for the novice home buyer. While the buyer is supposed to be informed about all the nuances of the mortgage contract, it may not be covered completely, or the buyers may feel reluctant to ask for clarifications. It is imperative to know and understand what you are signing up for- your house and future could depend upon it. Having a knowledgeable and honest realtor is a first step in ensuring your success in this experience. Good article, and a must read for the novice home buyer. While the buyer is supposed to be informed about all the nuances of the mortgage contract, it may not be covered completely, or the buyers may feel reluctant to ask for clarifications. It is imperative to know and understand what you are signing up for- your house and future could depend upon it. Having a knowledgeable and honest realtor is a first step in ensuring your success in this experience.

]]> by: Christoph Schweiger http://www.1siliconvalley.com/how-to-lose-your-house/#comment-210 Wed, 07 Feb 2007 04:29:43 +0000 http://www.1siliconvalley.com/how-to-lose-your-house/#comment-210 This is why it is imperative, especially for first time home buyers, to work with an agent whose objective is to protect the buyer's interests. In my book the commission always comes second. True consultants earn their living by giving honest advice and not by setting clients up for failure. The people who put commissions first are not in for the long-haul and are usually out of business within a very short time. So, do your due diligence and trust your gut when you choose your agent or consultant. This is why it is imperative, especially for first time home buyers, to work with an agent whose objective is to protect the buyer’s interests. In my book the commission always comes second. True consultants earn their living by giving honest advice and not by setting clients up for failure. The people who put commissions first are not in for the long-haul and are usually out of business within a very short time. So, do your due diligence and trust your gut when you choose your agent or consultant.

]]> by: Derek Guyer http://www.1siliconvalley.com/how-to-lose-your-house/#comment-209 Wed, 07 Feb 2007 01:41:55 +0000 http://www.1siliconvalley.com/how-to-lose-your-house/#comment-209 That should be required reading before a first time home owner can close on their home. Perhaps, if it had been here in Indianapolis, we wouldn't have had over 1,000 new bankruptcies and 1,000 new foreclosures every month. Our problems are not completely the buyers faults, but have been due to the fraudulent actions of appraisers, mortgage brokers, and realtors all over the city. We had 8 appraisers go to federal prison last year alone. Anyways, great post. That should be required reading before a first time home owner can close on their home. Perhaps, if it had been here in Indianapolis, we wouldn’t have had over 1,000 new bankruptcies and 1,000 new foreclosures every month. Our problems are not completely the buyers faults, but have been due to the fraudulent actions of appraisers, mortgage brokers, and realtors all over the city. We had 8 appraisers go to federal prison last year alone.

Anyways, great post.

]]>