As real estate professionals, it is our duty to disclose adverse conditions that could affect our clients and to protect our clients' interests. I believe it is essential to counsel each and every client, especially first-time home buyers, about the possible drawbacks to buying a home, and how their actions, as well meaning as they may be, can come back to bite them.
Many buyers don't realize that lenders often revisit credit reports before closing. Buyers who alter their financial picture can find their debt-to-income ratios have accelerated and they no longer qualify for a loan. But there are nine other ways to lose that home.
Here is more on 10 Ways to Lose Your Home.
© Big Stock Photo
Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.