I was surprised the other day to get a Google Alert that there was a quote attributed to me on the MSN Money site in an article by Marilyn Lewis. Back in May, I wrote a post warning home buyers to refrain from adding new credit lines before they actually “closed” on their new home. Since mortgage lenders are now running a second credit report just prior to closing (did you know that?), home buyers innocently buying new furniture before “closing” may negatively impact their credit ratios, possibly defaulting on their sales agreement with the home seller.
The consequences may cost you your Earnest Money Deposit and more.
Really, the main purpose of writing my blog is to inform my real estate clients in Northern Virginia about issues that will impact them selling a home, buying a home, getting a mortgage, having a home inspection or removing an oil tank. Yes, getting mentioned on a big-time web site like MSN.com is a thrill, but also indicates to me that I am on the right track giving advice that is informative. What do you think?
If you are planning to buy or sell a home in Northern Virginia, please read through the buyer or seller tip sections and then give me a ring so we can discuss your plans.
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- Saw this on MSN Money today (mytotalmoneymakeover.com)