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Yesterday we told you how to get out of your -- if you wanna buy new house so now that you think you're ready to buy that house.
There are a lot of details that you need to know about and that's why Bob -- Who is our legal analysts from Las Vegas -- -- with part two of the three parts here's what it could be so yesterday you were talking about if somebody at least in the house that they see a house down the street that they really an idea.
They try to break the -- got you you dealt with that.
Now we've got a question for you when looking for new home what's the first thing to consider.
Are you really ready to buy because.
The problem is Steve.
There's this emotional thing of wanting to -- again it's it's human nature and actually they got their brains begin with the modifications.
In the short sells -- and salted.
And all of a sudden they're saying man I really want to get this home again.
So it's literally sitting down as a family if there's a -- -- saying okay.
What's the pros and cons of going into buying this -- All right and you gotta make sure for instance can I afford it and is it just an emotional thing I'd love the look at that kitchen or whatever.
You know the biggest thing is looking where you are from an employment perspective -- And looking where your finances are an understanding your debt structure.
And you know what what is you know because a lot of people.
Did it make payments for many years they basically just they paid a lot of that off.
Some of them didn't pay any -- off somewhere on vacation -- and they still have that shorts and you have to study where your finances in order to make the decision OK and that ties him with what we're talking about right here.
Based on these considerations what should a typical homeowner do you just outlined a couple of I think you know I think you sit -- -- -- for example holder if you have children.
Are they in high school.
Is this home close to where you know you go to the kids go to school is reclusive church or close to shopping area.
I think homeowners no longer have an excuse.
They cannot blame they they've learned.
Short sells a modification -- around for thirty years just so happens everybody understands what it is is a homeowner.
So they can't look any more to blame the lender and blame the mortgage broker and blamed the club the realtor.
They -- -- -- some responds because they have been through particularly people watch states -- so -- also understand when you make this decision.
You know second time shame on you and don't rush into that decision.
Just because you wanna own so bad all over again and that brings us to our final question after all this how do you know if it's the right thing to do know I am thoroughly convinced more than ever before and honestly it's a modest -- statement.
And that is get good advice.
Get a competent realtor get somebody that really understands the marketplace.
And what your needs -- number two.
Have a competent lawyer and it's not expensive Steve honestly and they have he -- she look at the paperwork.
People didn't understand why it's -- get a letter take my homework -- you -- these documents ten years ago.
Understand what the consequences of signing a promissory note understand what it means you cited -- show us.
Understand what an acceleration clause -- understand understand.
And lawyers to -- consult a lot in this area.
And it's very good for us to do that because it's it's inexpensive and it helps people sure and that's what it's all got to separate the emotional that's.
Fred the practical.
You coming back tomorrow tomorrow than I got hit and I'm going back to Pittsburgh on Friday where I grew up and take my seven year old grandson loving every minute that's great.
You know if you've got questions for Bob -- about real estate and whatnot email him.
Dress it's great.
Public hearing officer trick him into meanwhile.
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