Tag Archives: Homeowners
Lighthouse Point, FL (PRWEB) January 12, 2012
Wites & Kapetan recommends that homeowners review their homeowner?s insurance policies to avoid “force-placed” insurance. Most home mortgages obligate the homeowner to maintain a homeowner?s policy that names the bank as an ?additional insured.?
As explained by Marc A. Wites of Wites & Kapetan, P.A., ?Many homeowners may not know ? or may have never reviewed ? this very important clause in their mortgage which provides that, if the homeowner?s policy lapses for any reason ? even accidental oversight ? the bank can take out a policy in its own name only, and charge the homeowner for the premium. These policies are called ?force-placed? policies. They do not cover the homeowner?s interest in the property or their possessions, and usually do not protect the homeowner against other claims for which they could be sued such as those by people injured on their property.”
“Because these policies cover a more limited risk ? the bank?s interest in the property ? one would assume that they would be less expensive than the lapsed homeowner?s policy. In the vast majority of cases, however, that would not only be incorrect, but the limited ?force-placed? policy could be several times more expensive than the homeowner?s policy which just lapsed. Furthermore, the homeowner often does not learn of the existence of this policy until the bank sends an invoice or escrow adjustment months later. By that time, several months of a staggeringly expensive policy will have been billed to their escrow account or added to the loan,? said Alex Kapetan of Wites & Kapetan.
Explanations for These Unreasonable Costs
According to Mr. Wites research, the real reasons for these exorbitant charges vary somewhat depending on the bank and the applicable insurance company but, in many cases, arise because of their close affiliations or exclusive arrangements. Although one would assume that the bank would try to get the least expensive policy available, and not add to your debt. Unfortunately, the opposite is true for several reasons which can include:
Melbourne, Australia (PRWEB) January 12, 2012
At a time when real estate is experiencing a low brought on by the global economic crisis, homeowners aiming to sell their houses are able to manage just that, and this after their agents had met with disappointment. Australia?s preferred home seller website, therealestatehelpers.com.au reports that through HelpSell, their breakthrough service for home sellers looking for a Do-It-Yourself solution, their clients are able to sell their property themselves, doing away with the need to pay thousands in commission. ?We qualify the buyers, you show them through. We take care of the rest,? The Real Estate Helpers company chief Lloyd Jenman describes the process.
The Real Estate Helpers is a company known for its unique work philosophy as well as for its innovative approach in serving clients. Besides its fresh system wherein agents earn through an actual salary and not just by commission from sales, the company also provides different home selling strategies for their clients, one of which is the HelpSell service. Other strategies include ?Sell with a Helper? (an agent will take care of everything) and ?Find the Best Agent? (their vendor advocacy service). The Helpers are all highly skilled agents and are particularly adept at private sales. Clients who wish to sell privately are sure to find an excellent private sale specialist among them.
The Helpers aim to redeem how the public normally perceives real estate professionals. They offer a home selling experience rid of the usual presence of commission-focused agents. After all, as Jenman puts it, ?Lots of happy clients is our focus.?
The Real Estate Helpers is committed to providing valuable service. Its professional code does away with the element of agent greed that is purveyed in the traditional real estate system. The company always upholds the clients? best interests, ensuring that the service it provides caters to their every need. This is why it furnishes its clients with various informative products, such as ebooks and videos on topics like ?how to sell your home? and ?how not to hire a real estate agent?. In fact, the website blog alone is already a trove of guidelines and tips for homeowners who wish to sell their houses themselves.
Therealestatehelpers.com.au provides text and video testimonials from clients who succeeded in selling their homes with assistance from The Real Estate Helpers after other agents had failed them. Whatever selling strategy they may have gone for, the results have certainly been very positive. Most of them not only accomplished a sale, but a sale above valuation at that. The excellent feedback reinforces the company?s unusual yet effective business practices, and proves as well that selling a house in Australia can be quite a pleasant experience.
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