New Listings
Click on the "New Listings" button to see agent view profiles for all of today's new listings.
MLS# 1607766 - 1791 Borchert Rd, Verona - 3 bed/1.5+ bath - $192,000 - Kerri Campbell
MLS# 1607757 - 6408 Century Ave, Middleton - Multi Family - $197,400 - Jason Guetzlaff
New Accepted Offers
No new accepted offers today.
Credit Tips
Many of you have received my “Weekly Credit Tip” in the past. Now, please follow my blog at http://creditcoachplus.wordpress.com/ for the latest credit news and information.
Thanks!
Kevin Weier
Looking for Handicap Accessible Home
If you have a single family home or condo that is on the market on the East side of Madison or Deforest area that would work for a client in a wheel chair please let me.
Your help is greatly appreciated.
Linda Laitinen
WRA Legal Hot Tip
Q. The broker has a buyer who would like to write an offer with seller financing, basically offering a three-year land contract, for the purchase of the seller’s vacation home. Can broker do this in the financing contingency in the offer? How to proceed?
A. The DFI previously indicated that if the property is the seller’s residence, then it is an exempt transaction and neither the parties nor the brokers need a mortgage loan originator or other mortgage license.
The DFI has recently confirmed that a vacation home is considered to be the seller's residence. The term “residence” is being interpreted broadly to include more than just the seller’s principle residence. In the transaction described, the property is the seller’s vacation home which is considered a residence. Therefore, the transaction will be exempt under the DFI tests and no mortgage licenses are needed.
Kevin Weier
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