Clean Up Real Estate.org

Two of the simplest rules in business are being ignored. This is the real story of how the housing market misplaced more than two trillion dollars in equity. People didn’t read the contract they signed and ask the right questions. The first rule of all business transactions is to agree to a deal only when it is in your best interest. The second is to make absolutely certain that the contract formalizing the deal is an accurate representation of what you intended to agree to put into writing.

The idea that a notary public’s time is so important that you must not waste it by reading a contract that binds you to an agreement that is changing your life is close to insane. The idea that you must trust your broker or banker is equally ridiculous. READ YOUR MORTGAGE AND UNDERSTAND IT!!!!!!! If you doubt your ability to do so; have it vetted by an advocate representing only you in the transaction. Trust no one above your ability to see what is really in your interest. Verify everything and take your time.

The rush job that signing a big portion of your life and income away has become is a bit absurd on the face of things. None of the arguments that presuppose you need to hurry through signing such an important document hold water. Look at it in advance and have an informed third party review it if you have doubts. Then verify you are signing the exact same document when the time to put your signature on it arrives.

There are three things in my life that are important. In my personal order of importance they are my family, my integrity, and my life. Signing any mortgage document affects all three in my case at least. Don’t let anyone else set the tone time and nature of such a significant event in your life.

There are tricks in the world of business that trap the unwary over and over again. One of the oldest is to get people to sign a document that commits them to something that is in someone’s best interest, just not their own. If you do not have any expertise in protecting yourself then get an advocate to help you. There are a host of them available and some of them will delve further into the mortgage process on your behalf than you can likely do for yourself.

Above all do not trust anyone who makes money from your mortgage without verifying that they are serving your best interests in all regards. That includes: brokers, bankers, salesmen and the people who are trying to sell whatever home you are buying.

This is why home prices are falling more than any one other reason, people failed to properly read and understand the contract that they signed. Next in line is that they bought into loan transactions that were actually not in their best interests. Don’t be a dope, a dupe and a doofus. Read and verify your mortgage contract. It may be the most important thing you ever do in your personal business life other than getting married!!!!!