A Foreclosure, Short Sale or Bankruptcy in your Past May No Longer Slow up your New Home Purchase

There are new federal housing guidelines to help prior homeowners with a short sale, foreclosure or bankruptcy on their record to re-enter the housing market. The old guidelines made a new home buyer wait a minimum of three years before buying a new home. Now, with credit problems being the rule rather than the exception, [...]

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Buying a Foreclosure Property – Behind the Scenes

Today, if a buyer finds a house for sale as a traditional sale, both the buyer and real estate agent sigh in relief. No bank-as-seller to deal with in a reo (foreclosed) property sale. When a buyer makes an offer on a foreclosed property, the selling bank will generally take a long time to respond. [...]

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Don’t Miss Out on Real Estate Foreclosures

Today’s marketplace offers many property investment opportunities, especially with the dramatic rise in foreclosures. Real estate foreclosures can now be purchased for pennies on the dollar and come in a variety of homes and price ranges (and even timeshare properties). Low Prices While the location and nearby amenities will play a role in the overall [...]

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Avoid Foreclosure at All Costs

As we’ve all witnessed in the media this past year, some homeowners can be very hardheaded when they falls into financial hardship and are facing foreclosure on their home. Typically they will resist offers to sell their home. But while noble, this can also be thoroughly disastrous. That’s why I think it’s critical to point [...]

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The Basics of a Short Sale

If you haven’t already noticed, millions of homes have entered the housing market as short sales. So you may be asking yourself, “What is a short sale?”  Basically, the term “short sale” is used when lenders allow borrowers to sell their property for less than what they owe on their mortgage. Therefore, when a short [...]

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