The AMI Blog

The AMI Blog

House keys

Loss Mitigation: Foreclosure vs. Short Sale vs. Deed-In-Lieu

Mortgage companies are well aware of the unfortunate circumstances that could cause a borrower to fall behind on their monthly loan payments. As a foreclosure is a very costly process for the lender, and not to mention its negative financial impact on the borrower, this is where loss mitigation comes…

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What Is a Mortgage Loan Modification & How Do You Apply for One?

There are circumstances like the loss of a job, illness, divorce, and other life-changing events which can happen to anyone, which can cause you to fall behind on your mortgage payments. Unfortunately, when you can’t make your monthly loan payments, you risk having your home go into foreclosure. The good…

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Termite damage

Selling a House with Active Termites or Past Termite Damage

Disclaimer – The information on this page is intended for general informational purposes only and not to provide legal advice. If your home has termite damage, you could have a big problem on your hands. Not only is it challenging to sell a house with a termite problem, but it…

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Foundation problems

Have Foundation Problems or Need Foundation Repair? Read This First.

Home foundation issues are scary for any homeowner as it can lead to major structural problems for your home. There are ways to repair the foundation without tearing it out and starting from scratch. However, it can be very costly. Therefore, the more you know about the different types of…

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Can Your Landlord Sell the House You’re Renting? Yes. With Certain Conditions.

Disclaimer – The information on this page is intended for general informational purposes only and not to provide legal advice. In Texas, a lease between a landlord and tenant survives a sale when the landlord sells the home to a new owner unless the lease explicitly states otherwise in writing.…

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Fire Damaged Home

Seller Case Study – Nomini Hall House

The home next door to these homeowners had caught fire early one April morning, and thanks to large shared trees and the direction of the wind, the fire spread to their home. The homeowner had lived there for many years. After dealing with the insurance company and coming to an…

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What Is Title Insurance and Why Do You Need It?

Title insurance is not just another fee involved with closing costs. It can offer valuable protection for homeowners. As owner’s policies are optional in Texas, many buyers may not be fully aware of what title insurance does and doesn’t cover. Below are some common questions including who pays for it,…

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Foreclosure and Government Guaranteed Loans

Foreclosure & Government Guaranteed Loans – What You Need to Know

For those who have difficulty obtaining a traditional mortgage, there are various options available to help secure a loan. Generally, these options help those who are unable to make a large down payment or have a lower-than-desired credit score. The additional backing takes out some of the risk involved when…

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Medallion Pointe House

Seller Case Study – Medallion Pointe House

A few months after the flood, we were contacted on Facebook by someone my husband used to work with many years ago. His father’s long-time home in Cinco Ranch had flooded when the Barker dam was released. The house was large, his dad was now an empty nester, and had…

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Common Home Inspections

Common Inspections Performed in Texas Home Purchases

Unless you’re selling a house in as-is condition, offers you receive from buyers will almost always contain a contingency of an option period. The option period allows a buyer to schedule any inspections they want done to make sure the home doesn’t have any issues that are typically unnoticeable during…

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Contingencies in Real Estate

Common Contingencies in Residential Real Estate Contracts

Buying or selling a home can sometimes be a confusing process, especially when an offer contains contingencies. Below we’ll take a look at some of the more common contingencies in real estate transactions and what they mean for buyers and sellers. What is a contingency in relation to buying or…

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Pine Mountain 2 House Case Study

Seller Case Study – Pine Mountain House #2

As we were renovating the first flooded house we bought on Pine Mountain Drive in Bear Creek Village, we introduced ourselves to our new neighbor and went on to discuss the impact Harvey had on their neighborhood. His home of 11 years had also taken on about 4.5 feet of…

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