Team Thayer Property Servicing

Justin Lee Thayer / Oregon Property Disclosure Statement A seller’s disclosure form is an opportunity for the buyer to learn about know damages to the property while also providing insight to the seller’s experience in it.  This form includes the seller’s knowledge of the condition of the property as of the date signed by the seller. The form is not a warranty of any kind by the seller and is not a substitute for any inspections or warranties the buyer may wish to obtain. The form will indicate what items the property has but not does not mean they convey such as appliances.  Disclosure forms reveal things such as any physical defects to the house along with hazards such as lead paint. It is the buyer’s responsibility to find out any past damage inflicted to the house. Seller’s disclosure forms can reveal things such as: Leaky windows Damages to walls Any construction that is nearby Natural hazards around the home Borderlines for property Any deaths on the pro...

T he world of real estate can be confusing, and sometimes, even with careful planning, mortgage payments can be difficult to make . If you find yourself faced with options like foreclosure, bankruptcy or a short sale, it’s important to understand your choices. A short sale is for those who do not qualify or do not want to  refinance their home mortgages . In this situation the seller can accept a lower bid for the property to increase the chances of a quicker sale. This requires that the lender agree to accept a payment lower than the balance owed on the mortgage. The lender takes a loss but gets at least some (or even most) of its money and both parties  avoid foreclosure . The Process Short sales can be a long and complicated process and require a streamlined communication line between seller and mortgage lender. Most creditors require that the borrower show that financial hardship is preventing them from making mortgage payments. Different c...