Joe Resendiz's (joeresendiz) Blog

Industry Observer - ValuePenguin
In 2015, four Florida residents and a Pennsylvania homeowner filed a class action lawsuit alleging they were being overcharged for force-placed insurance by their lenders. In September, a federal appeals court unanimously voted to dismiss the case. The lawsuit's implications and final results mak...
If you're trying to buy a home in a pinch, but your current property hasn't sold, it might be difficult to convince a lender to write another mortgage before you've paid off your existing home. For people who need to close on a property quickly, a bridge loan might be a viable short-term solution...
If you've been browsing for the home of your dreams to no avail, it may be time to consider building it from scratch. A home construction loan could help your dreams become a reality. Unlike traditional mortgages, construction loans last for as long as it takes to build the home and then (usually...
Prospective investors and home flippers alike are drawn to foreclosed homes like fireflies to a lamp-post. The discounted prices on these properties are very attractive to speculators looking to make a quick buck, but they are not without risk. Foreclosed homes often suffer from poor maintenance,...
If you've ever struggled to make your monthly mortgage payments, you understand how stressful it is living under the threat of losing your home. A mortgage modification can makes your home loan more affordable by reducing the size of your monthly mortgage payments. This provides a longer-term sol...
Those in the last throes of the homebuying process may be itching to close on their deal. After all, you've probably spent months searching for the perfect home, filled out mountains of paperwork to get the ball rolling on your home purchase, and maybe even fought tooth and nail to get the price ...
Having bad credit makes obtaining a mortgage loan more difficult. Conventional mortgage terms are often out-of-reach for borrowers who lack sufficient credit history. In these cases, government-sponsored loans from the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) c...
While experts initially thought 2018 would be a year of low sales due to rising interest rates, the housing market is more competitive than ever, thanks to limited inventory. Homebuyers are being forced to make quick decisions if they want to secure a new home before another buyer comes along wit...
It's important to thoroughly inspect a property for flaws before purchasing a home. Any problems missed during the home inspection process can cost you thousands of dollars in repair costs down the road and can give you a serious case of buyer's remorse. That's why it's important to hire a compet...
In early 2018, the real estate market was concerned with how rising interest rates would affect the number of people buying homes. According to the Real Estate Sentiment Index (RESI), the increased interest rates have not deterred those looking to buy, as originally expected. Instead, the No. 1 f...

Joe Resendiz

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