06 Mar 2024
By RESCO Realty

Loan Servicing Companies

Real Estate Tips,
What happens when you suddenly get a notice to pay your mortgage to a company you may have never heard of? How do you determine if this is a legitimate request or a scam? A borrower may get a written notice or an email that their mortgage has been sold to another entity or that a new loan servicing company will now be collecting the mortgage payments. The borrower needs to exercise extreme caution before just sending in a payment to the new company. It is prudent to double-check to see if the communication is legitimate because many people get…
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16 Feb 2024
By RESCO Realty

The Importance of a Pre-Sale Home Inspection: A Wise Move Before Listing

Real Estate Tips, ,
Preparing to sell your home requires numerous decisions: Should you freshen up the paint? Finally, finish the basement. Renovate the bathroom? These questions often dominate the pre-sale planning. However, before diving into renovations, it is important to understand how your home has held up over time. One fundamental step in this process is investing in a professional home inspection. Here's why. Assessing Your Home's Current Condition Consider your home's age and its maintenance history. When was its last professional inspection? Has it weathered any significant damage? Take a stroll around your property, paying close attention to key structural elements. Are…
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10 Jan 2024
By RESCO Realty

The Fundamental Role of Title Insurance in Real Estate Transactions

Real Estate Tips, ,
Title insurance is a necessary component of real estate transactions, playing a pivotal role in safeguarding the interests of buyers, sellers, and lenders. While it might not be as prominent as other aspects of the real estate process, its significance cannot be overstated. We will examine the essential role of title insurance and explore why it is a vital component of real estate transactions. Understanding Title Insurance: Title insurance is a specific type of insurance that provides protection against financial loss due to defects in a property's title. The title of a property is the legal evidence that the owner…
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