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| CCA can help a prospective homeowner find the
house that matches individual or family needs and budget, while
protecting economic and personal interests throughout the home
purchase process. |
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| Mortgage Counseling:
Examination of the household budget and financing options, including
review of the costs associated with home purchase and an explanation
of the title transfer process. |
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| Property Search:
Use of Multiple Listing Services and other sources to locate
suitable properties. Review of purchase considerations such
as real estate taxes, environmental issues, and local regulations. |
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| Building Inspection:
An inspection of building components and sysems, and an assessment of existing and potential building defects and maintenance issues. |
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| Real Estate Appraisal:
An accurate estimate of market value. This is essential to all
real estate transactions. A prospective homeowner should be
assured that the property is not over-priced, and that a reasonable
and fair offer is being made. |
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| Closing:
CCA can refer the prospective homeowner to an attorney for review
of legal documents and legal representation during title transfer. |
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| Homeowners:
If a homeowner cannot pay the mortgage, doing nothing is the
worst option. Inaction will eventually result in the loss of
the home and equity, and may cause prolonged debt obligations
and denial of future credit. |
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| CCA can assist in determining the steps needed
to safeguard homeowner interests. Household finances are examined
to determine the best course of action. CCA can also assist
in negotiating a forbearance agreement with the lender, as well
as suggest other foreclosure prevention efforts. |
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| Lenders:
A homeowner that is having difficulty making mortgage payments
may benefit from short-term mortgage counseling. However, a
delinquent account may indicate a severe problem that could
lead to default and foreclosure. |
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| CCA can meet with the homeowner
as a means of early intervention to assess the cause of loan
delinquency and the financial ability of the borrower to continue
to meet mortgage obligations. CCA can also provide mortgage
counseling and recommendations for drafting a forbearance or
a workout agreement. |
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| Property taxes can represent a substantial
portion of housing costs. In some cases, a property owner may
be paying too much for property and school taxes. CCA can review
the potential for a property tax assessment reduction and assist
in the formal petition process; including an examination of
public assessor records to determine the accuracy of property
information and tax exempt status (Veteran, STAR, etc), and
preparation of a real estate appraisal (by law, a property's
assessed value cannot exceed market value). CCA can also assist
in preparing a petition to your local Board of Assessment Review
(BAR) and refer you to an attorney, if desired, for representation
at BAR or Small Claims Court hearings. |
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