Dec 19


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Mambo-foundation(homes for sale):

When contemplating one of the largest financial transactions you will ever make in your lifetime, you will need good, sound advice.  Within this real estate guide, we will help you navigate the process of buying and selling a home and explain everything in great detail so you can feel confident about moving forward with your plans.

This site is organized by topics:

  • Buying a Home
  • Selling a Home
  • Understanding the job of a real estate agent
  • Mortgages 101
  • What is title insurance
  • What are escrow services
  • Why you need a home inspection
  • Foreclosure facts
  • Buying a short sale
  • Making your move easier


  • A real estate agent is a service provider. The service that he or she is providing is to assist with the sale or purchase of a home.
  • Agents must be licensed by the state where they do business. To get the license, they need to take courses, pass tests, keep their education current and renew their license every year.

Foreclosures and Short Sales

foreclosures :

A home that is in foreclosure can also be called “real estate owned” or REO. This is a home that the mortgage lender has legally repossessed and has put on the market for sale. These properties are usually sold “as is” and the price of the home usually reflects the fact that it may need work.

Short sales :

         A short sale is one where the home owner and mortgage bank have an agreement where the home owner is allowed to sell the home for less than the outstanding loan. Declining home values are the reason for this type of sale and when the homeowner no longer wants, or is able, to service the mortgage until home prices increase enough to restore equity.


Home buying:

  • A home is a financial investment that can provide security because your payments are going towards building equity for you, not your landlord.
  • Home mortgage interest is tax deductible which makes the cost of owning a home less than an equivalent amount paid in rent.
  • Your home mortgage payment is fixed for the life of the loan making it cheaper to live in your home over time versus increasing rent each year.

Home inspections:

  • Rarely do you find a home that is 100% perfect in every way. Even in new construction there can be small oversights that need to be cured before a property is transferred. A home inspection will protect you, the buyer, from purchasing a home with serious defects that devalue the home financially and functionally.
  • You will be given a report of the items that pass, and do not pass, inspection. At this point, you and your real estate agent will negotiate for the repair of the necessary items before a sale can take place.

Home selling :

             Before you list your home for sale, it is wise to get your home in the best possible shape before anyone, that includes buyers and potential listing agents, see your home. Both buyers and agents form an opinion of your home within seconds of walking in the front door and you want to make the best impression possible.


  • Most people that purchase a home will require a mortgage which is a loan that is secured by the property or asset.  There are many types of institutions that issue mortgages including banks, savings and loans and credit bureaus.  There are online lenders as well.