Reaction Realty Group Inc

Our office is located in Hollywood, Florida.

We service the Miami-Dade County, Palm Beach County, and Broward County, FL areas.

Buying a foreclosure owned by the bank is a far easier process. In this type of foreclosure, a bank — which has taken over ownership of a home after its former owners stop making mortgage payments — sells the house, hiring a real estate agent to close the sale.

Yes, this will give you the opportunity to be sure that the home is in the same condition as it was when you signed the agreement of sale.

Closing is the day that settlement occurs, title is transferred and you get the keys to your new home.

Some homebuyers can get their pre-approval letter within hours. People with straightforward W2 income, decent credit, and money in the bank can be house hunting the same day. But for others, getting the letter could take days or weeks. If you’re self-employed or have dinged credit, your lender will require more documentation upfront. It may submit your full file for manual approval by the bank’s underwriters before issuing the letter.

Most financial institutions say that if you add your gross monthly income (not take home) with your spouse’s gross monthly income and multiply that by 30% of your total gross monthly income, this figure would be what you can afford to use towards housing related payments, ie: mortgage payments, taxes and insurance.

Getting pre-approved for a mortgage is the first step of the home buying process. Getting a pre-approval letter from a lender gets the ball rolling in the right direction. We can help you with that process.