Posts Tagged ‘Eugene’

The list of key people keeps rolling out as we look at who is there to help the Oregon First Time Home Buyer with one of the most important transactions in their financial life, their first home purchase. This time, I am going to talk about the home inspector. And since I haven’t found any home inspectors that have been publishing on the internet regularily from the Eugene/Springfield area, I am going to give you links to some that have impressed me with their knowledge and willingness to share that knowledge in other areas. Read More

Next on the list of key people for the Oregon First Time Home Buyer are the Title and Escrow officers. In most places in Oregon, they work for the same company, but it is possible to have a title company and an escrow officer work for different companies. Also, some states use closing attorneys and there are still a few states where they use abstract of title instead of title insurance, Oregon is not one of them. Read More

Number three on the list of important people in a First Time Home Buyer purchase transaction is the Insurance Agent. Believe it or not, this is something that will need to be decided early in the procedure. The lender in any mortgage transaction will require a homeowner’s insurance policy (also referred to as hazard insurance).This policy protects the property in the case of fire, theft or other damage (except flood or earthquake, those are separate policies and may be optional.) If it is determined that the property that you want to purchase is in a flood zone, flood insurance is not optional, it is mandatory. The flood zone determination will be done with a “flood certification” from a third party provider. Read More

This question still seems to be bugging a lot of people. If you listen to Realtors® or mortgage lenders (like me) or builders, or a myriad of other pundits, it is the ideal time to buy a new home in Eugene or Springfield or Cottage Grove or Creswell or Veneta or Florence or Oakridge or any other town or city in Oregon. Overall, it think that they are right, however, in some cases, now is not the time to buy a new home. Read More

According to Reuters, Taylor, Bean and Whitaker (TBW) has filled for bankruptcy protection under Chapter 11 of the bankruptcy code. If you ready a a previous post of mine, you will find that the company had been shut down by HUD after irregularities in their reporting procedures and concerns of fraud. Read More

With the demise of Taylor, Bean and Whitaker, many home owners are wondering what to do about their payment, me included. Since my mortgage was with TBW and the payment is due, I wanted to know what to do with it, since the website would no longer accept the payment and there was no way I would mail it to a defunct financial institution. Read More