Doing Your Homework is the Key to Making Money with Property Investments
Released on: March 26, 2008, 3:54 am
Press Release Author: Mark Maupin
Industry: Real Estate
Press Release Summary: Investors need the right information to ensure their property purchase is a good money making deal rather than an unnecessary loss. This is especially true for making short sales; learn more from property investment expert, Jeff Kaller.
Press Release Body: On the surface, disclosure might seem very basic. A potential buyer is entitled to know when the house was originally built, what materials the roof is made out of and how many square feet the house and property are. Though these are all important facts to know regarding your purchase of a home, there is much more information that must be disclosed. A buyer is entitled to seller disclosures, including material facts, deaths on the property and recent repairs. In addition, there are Property Disclosure Statements required by law in most states. This is a statement the seller must complete. In California, the Property Disclosure Statement is required by Civil Code and is called a Transfer Disclosure Statement. A home buyer is also entitled to paperwork called he HUD-1 which is a settlement statement showing line item charges. The HUD-1 was created in an effort to simplify the disclosure of closing costs and it does so line by line so that the parties to the transaction are aware of all charges. There is also a Preliminary Title Report or Title Commitment. This should contain any information regarding easements or plans for any sort of construction on the property such as a backyard pool, fence and various other additions. Jeff teaches the real estate secrets of purchasing pre-foreclosure properties while executing real estate theory to actual practice. To learn more go to http://www.freeshortsalecourse.com/ Contact Information: Paramount Promotions LLC (The Countries Leading Short Sale Trainer)
Mark Maupin 303-B Anastasia Blvd. #148 St. Augustine, FL 32080 904-819-0676 Email Address: mgeronimo@thejeffkaller.com This Press Release has been submitted by PREasy.com
Web Site: http://www.jeffsworkshop.com/
Contact Details: Mark Maupin 303-B Anastasia Blvd. #148 St. Augustine, FL 32080 904-819-0676 Email:mgeronimo@thejeffkaller.com