Bailey & Wallace
2650 Erie Avenue
Cincinnati, OH 45208

ph: 513 293-1028
fax: 513 354-8132
alt: 513 289-4311

Real Estate Updates

 

Our Features are updated every Friday - please visit us again!

 

This Week's Helpful Staging Advise:

 

  • Pack up all collections.
  • Repair all items that are broken.
  • Don't be afraid to move furniture.
  • Reduce the number of family pictures.
  • Wash all windows.

This Week's Five Important Real Estate Terms:

  1. Stigmatized Properties - are those where a tragic or unexplained event has occured.
  2. Mortgage Insurance - Insurance to protect the lender against loss incurred by a mortgage default, thus enabling the lender to lend at a higher percentage of the sale price.
  3. Fannie Mae (FNMA) - Federal National Mortgage Association.  A private corporation dealing in the purchase of first mortgages.
  4. Underwriter - An insurance company that issues insurance policies to the public or to another insurer.
  5. Balloon Note - A form of promissory note that calls for the minimum payment of principal and the payment of interest at regular intervals.  This type of of note requires a substantial final payment, which represents all the principal.

 

 

 

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Bailey & Wallace
2650 Erie Avenue
Cincinnati, OH 45208

ph: 513 293-1028
fax: 513 354-8132
alt: 513 289-4311