Back to basics at WaPo’s real estate section

Personally I’m addicted to the Real Estate Mailbag and the range of pedestrian to esoteric questions answered there. For the less obsessive, WaPo has run several good articles in the last few days about the terms, players, and concepts in the real estate world. Today’s column by Benny Kass walks through the typical players in a home purchase and provides some basic guidance to some new potential buyers.

Hard to believe but it’s true – some people managed to avoid getting sucked into the home-buying craze this last decade.

Michelle Singletary’s column from Thursday breaks down the loan industry, filling you in on prime and sub-prime lending so that you can be clear on their meanings while you’re being terrified about the economy by radio news.

Lastly, if you need your hand held on just how psychotic some lending can be – and apprarently a lot of you do, since over 1 in 4 home owners don’t know what kind of mortgage they have (a statistic in Singletary’s article above :) – you can look at Jack Guttentag’s article on how it’s possible for you to have a loan that you make payments on slower than the interest is added.

2 Comments so far

  1. Carl Weaver (unregistered) on April 28th, 2007 @ 5:03 pm

    My brother just posted a related article on his blog on a related subject. He is a realtor/broker and always has some story about weird goings-on in that industry.

    Thanks for the heads-up, Don. I will keep my eyes open for that section from now on!

  2. Colorado Real Estate (unregistered) on April 28th, 2007 @ 5:44 pm

    Very Interesting Thanks!!!

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