Real Estate News, Statistics, Advice about Buying, Selling, Financing and Maintaining your Colorado Home.
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I laughed so hard when I saw this picture. It has nothing to do with #RealEstate but if you have used the internet longer than 2 days I hope you will appreciate it as well.
FHA LOAN SELLER’S CHARGES (buyers getting an FHA loan) 1. Loan Payoff (per existing lender’s payoff letter) 2. Commissions (per contract) 3. Title Insurance-Owner’s Title Policy 4. Tax Certificate 5. Prior Year Taxes Due 6. Prorated Taxes for the Current Year 7. Water & Sewer Bill 8. Record Release of Existing Loan 9. Inspection Fee* 10. Loan Discount Fee* -as per contract 11. Assignment of Deed of Trust* (if applicable) 12. Document Preparation* (if applicable) 13. Tax Service Fee* 14. Real Estate Closing Fee 15. Express Mail Fees (if applicable) 16. Homeowners Dues, Fees, etc. *Amounts Determined by the New Lender Note: Buyer must pay all prepaid expenses. All other charges are negotiable if agreed to by all parties in the sales contract.
Colorado often experiences severe hailstorms that can cause devastating property damage. The Rocky Mountain Insurance Information Association reports that Colorado’s Front Range and Wyoming’s eastern plains, commonly referred to as “hail alley,” receive the highest frequency of large hailstones in North America. Over the past 10 years, hailstorms have caused nearly $1.7 billion in damage to roofs and automobiles in hail alley. The damaging hailstorms generally occur mid-May through late July. Damages incurred to roofs during hailstorms can, however, be reduced with proper roof design and roofing product selection. A properly designed roof structure can substantially reduce hail damage. Several testing agencies have developed the following recommendations for the roof designer: Shingles made with polymer-modified (SBS) asphalt have better resistance to hail damage than shingles made from oxidized asphalt. Reroofing over an existing shingle system greatly increases the ...
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