1. Lisa Piela Branch Owner/Manager/Loan Officer

2. F.T.H.B. “First Time Home Buyer” How to be a Savvy Buyer in a Volatile Market

3. What is the Value of the Home? What is the Condition of the Home? How Much Are You going to Investing? What is the Re-Sale ability of the Home? Always Get Pre-Qualified First to Know Your Buying Power and Ability!!!

4. What Does It All Mean? REO/Short Sale - Bank Negotiates with Current Seller and New Buyer (3 Parties) Foreclosure - Seller No Longer Occupies the Home and No Longer has any Interest/Ownership. HUD – Banks can not sell the home and Request the MIP (default insurance) to settle for % of balance owing and they are then responsible to sell the home.

5. Costs Associated with Buying a Home Down Payment (Cash investment into the transaction) Closing Costs and Escrows (Fees to get the Loan as well as Taxes and Insurances) Pre-Paids (Earnest Money, Appraisal, Inspection and Warranty)

8. Lender FeesAppraisal FeeTitle Fees Pre – Paids (Taxes, Insurances and Interest)

9. You Could Even Get Back What Your Pre-Paid Deposits! REFUN D!