Buying and Selling

http://www.rcxloan.com/Buying_or_Selling.htm

“A good name is more desirable than great riches; to be esteemed is better than silver or gold.” - Proverb 22:1

Praises & Thanks be unto The Lord My God for the wisdom, knowledge and understanding on legal matter because I received countless feedbacks from folks facing foreclosure and bankruptcy around the United States as follows:

Comments: "I have been inundated with TILA questions. So I went out hunting to see if anyone had already written about it in terms that a lay person might be able to understand. What I found is shown below. I believe it to be generally correct and the citations are good citations of law. See this site for the entire write-up. It should give most lay people an idea on how to handle this and it will be valuable to your lawyer if he/she is not totally familiar with the TILA context at the following link:" http://rcxloan.com/Civil_Action_BK_Motion_14.htm. Statement made by Attorney at Law, Neil F. Garfield, M.B.A., J.D.

Not everyone is buying OR selling, some are doing both
By: Chris Brown

As if one real estate transaction is not hectic enough… many of us end up needing to sell one place in order to move up to the next… this is the “real estate catch 22”. Do we buy first?? Do we sell first?? If we are fortunate, these events occur at the same time, but that is not always the case.

The problem is trying to determine if it is worse to end up “temporarily homeless” because you sold first, or financially strapped because you bought first. Conventional wisdom states that IF you can’t make them happen simultaneously, it is better to sell before you buy. The rationale? If you sell first, you don’t end up at a disadvantage at the negotiating table.

This happens by feeling pressured to accept something lackluster for your current home due to your impending closing on the new home. There are several providers of short-term, furnished lease properties that can fill the gap while you find the new dream home if needed. The purpose for finding a furnished property is for the simplicity in moving.

Few people I know want to pack and unpack twice and a few months storage is a small price to pay for the convenience. (For those that enjoy packing, there are support groups available.) And yes, if you were wondering… the two scenarios DO affect the financing angle as well. Having moved on from the first home does help in the debt-to-income ratios that lenders use to qualify you and in the funds that you have available towards the down payment of the new place… both help in the rates that will be available to you.

I can be reached for a FREE consultation at (cell) 617-202-8069 or (703) 584-5998,



it's FREE, there is no obligation whatsover...! Sincerely, Pierre R. Augustin, MPA, MBA

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