Concord NH~Joni~Merrimack County


Read BEFORE You Sign



Well for me...this is the Season of Humble Pie!

A month or so ago I did a Members Only Blog about Getting Cocky. It was a bit embarrassing but I hoped others would learn a bit from it!

I find myself in that position again. But this time it is something that may benefit Real Estate Consumers also.

About four years ago my husband and I did a small equity line on our house to make some much needed improvements. It meant a minimal payment increase and we continued on as usual.

The past several months have seen some serious changes in our financial situation. My husband 's Company went Bankruptand as a result he was suddenly un-employed! We have been struggling on... on my income (need I say more?).

This week we negotiated with our Bank for an Extension. And since I have a closing next week, we breathed a sigh of relief! But, when my husband went on line yesterday he discovered that not only had the Bank taken out a payment without notifying the process they bounced all bill payments that had been made putting us in arrears, in jeopardy...and incurring check fees of over $600. Totally discounting the negotiated extension.

Now here's the lesson learning part. Being a Realtor I should have had the mind set to SCOUR our Loan Agreement... Before we signed it...but also being an eager Consumer...I didn't! There is a (very small) clause-called Offsetting Deposit- in our Contract that allows the Bank to go into ANY account we have with them-without notification-to take their money if we are in arrears. And they did! I can honestly say if I had been aware of that little fact....I would never have signed

 I don't know how this will be resolved. Procedures and rules vary from State to State. Here in New Hampshire it is allowed. We have gone to the NH Banking Commission about it because of  some discrepancies...As for resolution...time will tell

 PLEASE,keep your emotions in check.Take a lesson from me! Read BEFORE You Sign! Or it will end up costing













NH's Four Seasons 

Joan Mirantz - Joni is a Realtor® with Homequest Real Estate, a locally owned, Customer Service oriented Firm.
Joan Publishes a monthly Newsletter "Food For Thought" under the pen name Realtor Sherpa.
(Joan also answers to Miz Maven and Miss Joni.)

Joan works in Buyer and Seller Representation with concentrations in the Merrimack Valley Area and towns surrounding Concord NH - the Capital City.
"I love what I do, and it shows in how I do it"

Having crossed over to the "other side of Middle Age" herself....Joan is an ongoing source of information about local programs, facilities and issues specific to her peers! 

Livin' the Life...and Ridin' the Wave



Comment balloon 76 commentsJoan Mirantz • June 27 2007 11:42PM
Read BEFORE You Sign
Well for me… this is the Season of Humble Pie! A month or so ago I did a Members Only Blog about Getting Cocky It was a bit embarrassing but I hoped others would learn a bit from it! I find myself in that position again. But this time it is… more
NHAR**Outdoes Itself
NHAR.. Outdoes itself! I know we all have mixed feelings aboout the effectiveness of our various professional organizations. Every State has its strengths and weaknesses! New Hampshire is no exception! But, this month, our Association has… more
I Love This Job!!
One of the hardest things about starting a "new" profession is… getting over the hump There is no manual to read explaining how long that will be. How long it will be before you don't get sweaty palms before meeting a new… more
It's Not a Figment… The Purple Truck Exists!
I did the HAPPY DANCE Today!! For those of you who have been following my saga about The Purple Truck and the new-New Hampshire Legend TODAY I FOUND THE… more
Agents-A HOT Topic?
Lock us up and throw away the key… well that's how seems to me! Real Estate, The Real Estate Market, The Boom, The Bubble… these have been the subjects for Media coverage for some time now! Seller's Market, Buyers Market, For Sale By Owner… more
A Day of Pasts- Dad's Memory Journey
MOM and DAD 1942 My Dad is 88 years old. He was traveling this Father's Day. Giving me the opportunity for Reflection. Coming up with creative "Gifts' for Father's Day, Birthdays and Holidays… more
Practically New! Hillsboro/Emerald Lake
TOUR … more
The 55% Initiative
I attended a Concord Board of Realtors Membership Meeting today. To stay in good standing or qualify for certain designations we are required by our Board to attend a certain number of meetings each year. I assume this is pretty much the… more
Are New Hampshire Frogs Louder?
They have Frog jumping contests… are NH Frogs faster? They have Frog Legs as a delicacy in finer… more
Meet The Neighbors-Vol. I
Moving is a BIG deal It's stressful yet exciting! You're eager but have trepidation! Well if you are reading this Blog chances are you've already decided on New Hampshire and chances are better still that you are looking at… more