"It takes one person to forgive, it takes two people to be reunited."Lewis B. Smedes
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Asbestos Ceiling Tiles V Potential Hazards And Precautions
Asbestos was widely used as a component of ¡¥popcorn' ceiling in homes or in the form of asbestos ceiling tiles. It was also used as decorative sprays on the walls or for soundproofing purposes. However, off late there has been a lot of concern regarding ...
Careful Handling Of Non-Friable Asbestos Vinyl Floor Tile And Adhesive Mastic
Asbestos tiles are non-friable, but improper removal helps to separate and form corners and break into pieces. Non-friable asbestos tiles and adhesive mastic should be removed using procedures like wet methods and breaking the adhesive bonds by flooding, ...
Checking for Asbestos in Your Home
If you are concerned about asbestos exposure you are not alone. Many individuals wonder if they have been exposed, and if so, what they can do to help protect their health. If you think that you have been exposed to asbestos or are looking for ways to ...
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Closing costs can come as a shock to anyone buying or
selling real estate - especially to investors. Here's
an explanation of the various expenses you must plan for:
Down Payment
Most lenders require a down payment of from zero to 20% for
a normal home purchase.
Lender's Loan Origination Fee
Government regulations allow 1% origination fee on FHA or VA
loans. Conventional loan fees can vary from 1 to 3 points or
more. A point is 1% of the loan.
Appraisal Fee
About $300-$500. Non refundable.
Credit Report
$50-$60. Non refundable.
Tax Service Fee
In some areas a charge of approximately $75 by a tax service
company to verify to lender that taxes are actually being
paid.
Assumption Fee
Fee of approximately $250 up to 1% of the loan balance charged
by existing lender for permission to assume existing loan.
Pest Inspection Fee
A fee of $100 - $175 is charged for inspecting property for
wood destroying organisms (termites). Customary for the seller
to pay.
Optional Fees
At buyer's option: property inspections that cover foundation,
electrical, plumbing and overall construction at a cost of
$300-$400. Roof inspections cost $75-$125. Geological reports
about $100. Septic $200-$400. Radon $50-$100. Asbestos
$75-$125.
Title Insurance
Cost determined by a rate chart and is based on the loan
amount.
City Transfer Tax
Imposed within the corporate limits of some cities.
The VA does not allow the veteran buyer to pay any portion of
this cost.
Miscellaneous Costs & Fees
$150 should cover notary, recording documents, endorsements, etc.
Hazard/Fire Insurance Reserve
Two month's premium is usually collected for the impound account
if required. Paid by buyer.
Prepaid Interest
Interest must be paid from close of escrow to 30 days prior to
the first regular mortgage payment.
Mortgage Insurance
Required on all conventional loans greater than 80%.
Cost ranges from about 1/2% to 1% per year. 14 months premium is
collected in advance. For benefit of lender in case of default.
Tax Impounds
When new loan is going to have an impound account, lender will
require from 2-10 months taxes be deposited in impound account.
If taxes are prorated, buyer's total charge for taxes should
equal about six month's taxes.
Escrow Fee
$750-$2500, depending on the sales price. Can be paid by buyer,
seller or split. Everything is negotiable.
We have listed examples for typical closing cost. Closing
procedures and costs vary from area to area.
Your real estate agent and loan agent can provide estimated
closing costs. Don't neglect to add them to all the other
costs of buying real estate when determining the affordability
of a property.
About the Author
About The Author:
Mark Walters is an investor and author. You can find his
published material at http://www.CashFlowInstitute.com
http://cfiblog.blogspot.com/
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Lathe maker ruled not liable for asbestos deathSan Francisco Chronicle... of asbestosis and lung cancer in 2008. Barker had worked as a mechanic from 1967 to 1995 and, according to the suit, unknowingly inhaled asbestos that was released from brakes by lathes and arcing machines made by Hennessy subsidiary Ammco Tools. |
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