What are some of the guidelines for purchasing HUD foreclosures?
If you have the cash or can qualify for a mortgage, you can buy a HUD home. Down payments vary ...
Month: December 2007
What are the disadvantages of buying foreclosures?
Buying directly at a legal foreclosure sale is risky. Among the disadvantages: There is no financing. You need cash and ...
What happens at a trustee sale?
When a homeowner falls behind on three payments, the bank will record a notice of default against the property. When ...
Where can I find foreclosure properties?
Look in the legal notices section of your local newspaper. A notice is also usually posted on the property itself ...
What causes a foreclosure?
A lender decides to foreclosure, or repossess, a property when the owner fails to pay the mortgage. Unfortunately, thousands of ...
Should I buy a vacation home?
The second home market has more ebbs and flows than the primary home market. Sales are iffy in a bad ...
What else should I take into account when buying a new home?
You can find out more about an existing property and neighborhood before you buy than you can a new home ...
What about low down payment loans?
Such loans are offered by a host of private lenders and government agencies. In fact, there are government programs at ...
Why do lenders require a down payment?
It protects them should you default on the loan, especially if you fail to make payments in the early years ...
How to Calm Jittery Sellers When Similar Homes Close by Are Also for Sale
While you as the seller’s agent or broker understand all the intricacies and strategies of working a listing, your clients very likely are first-timers, vulnerable to emotions and worrisome opinions precisely because they don’t have prior experience. Read more.
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