Closing Issues

Here are a couple of quick tips in order to avoid potential issues at closing. If you know you’ve found the home you’d like to purchase, before you leave the property, make sure you go over the Inclusion and Exclusion sheet. If there are items that you would like included that aren’t spelled out on the I/E sheet, make sure they are written into your purchase and sale agreement. No one likes to go through

Pest Control and Identification

We’re moving into the wet season and this is when we start to see pest infestations. Here’s a great website to check out regarding different types of pests, how to identify them, the damage that they do, and how to prevent infestations. While the site is sponsored by UC Davis, we still see many of these pests in New England. Enjoy! Integrated Pest Management

Subprime Bailouts

Congress is starting to rumble about devising a program to bailout subprime borrowers. Now that adjustable rates have started to rise, potentially 1.1 million homeowners could be forced into foreclosure in the next 6 months. The government isn’t suggesting it will pay off loans, but that a program focused on counseling and loan restructuring could help the problem. No offense, but I don’t want my tax dollars to pay for this program. Why isn’t accountability

Government Loans

I attended a government loan seminar yesterday and picked up some interesting information I thought I would share… Advantages of an FHA Mortgage – No reserves are required to qualify – Lower monthly mortgage insurance – Lower closing costs and no “junk” fees allowed – Gift money is allowed for your entire downpayment – Generous debt to income ratios are allowed (sometimes up to 49%) – Lower credit scores considered (a FICO score as low

West Hartford Electronics Recycling Day- May 5

From the Hartford Courant on April 12, 2007… West Hartford town officials announced an electronics recycling day on Saturday, May 5. Residents who have old household electronic equipment they want to dispose of can recycle the items at no charge. Recycling will take place at the town’s public works facility at 25 Brixton St. from 9:00am to noon. Residents can recycle the following items: computers, monitors, printers, cell phones, televisions, video-cassette recorders, copiers, fax machines,