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Record Foreclosure Rates Could Mean Cash in Your Pocket
With the mortgage crisis in full swing, homes are going into foreclosure left and right all across the country. In 2005 there were 850,000 foreclosures, with the number of foreclosures increasing…
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Read Article ›7 Important Tips for Buying Bank-Owned Properties
Whether you’ve been saving up to purchase a primary residence, or you’ve been kicking around the idea of purchasing a second home (like a vacation home, or rental/investment property), you may want to take a look at some of the bank-owned properties on the market.
There are many advantages to buying bank-owned properties – also known [...]
13 ‘Houses’ Guaranteed to Never Foreclose
With foreclosed homes on the rise and the nation in debt, it’s only natural to wonder if your dwelling will be foreclosed on one day. With that in mind, here’s a list of 13 “houses” that will never foreclose.
1. A luxurious house for those who walk on four legs
Your dogs rule the house anyway, right? And [...]
What’s the difference between foreclosure homes and Real Estate Owned (REO) homes?
Simply put, a home goes into foreclosure when the home owner can’t pay the mortgage lender back for the home loan. When this happens, the lender attempts to sell the home in a foreclosure auction.
During the auction, the minimum bid must include the amount of the outstanding loan, the accrued interest, attorney fees, and any [...]
REO Homes – Great for College Students and Apartment Dwellers
REO and Foreclosures make great homes for college students, apartment dwellers and first time home buyers
Read Article ›Is The Housing Market Healing?
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It seems like it has been a very long time since we heard any good news about the housing market. For years, the real estate market has been suffering and homeowners have been suffering along with it. However, we’re finally starting to see a glimmer of hope on the horizon. There are indications [...]
Read Article ›How You Can Take Advantage of Strategic Foreclosures
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Imagine purchasing a home that is being sold by a celebrity. It sounds impossible, doesn’t it? After all, celebrities have expensive mansions and you can barely afford the reo homes that you’ve been looking at. However, getting a fancy home just might be more plausible than you think. That is [...]
Read Article ›Putting a Green Spin on your Foreclosure Purchase
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The housing market is ripe for you to finally buy a new home. Prices are right. Bank foreclosures are plentiful. Assistance with mortgage payments and availability of tax credits mean that you should be able to afford the new home of your dreams. But what if your dreams include for your home to [...]
Read Article ›A Worthy Surplus: Buy an REO and Use the Rest of Your Funds for Remodeling
There is no doubt that it’s a buyer’s market. With the real estate industry still burst and the general economy still in the grips of a nerve-racking recession, there are tons of properties on the market and a limited number of people in a position to buy. This means if you’ve got the capital of [...]
Read Article ›Kitchens: The Most Important Room in a Foreclosed Home
Image by Jeremy Levine Design via Flickr
Right now is an ideal time for people who are interested in buying foreclosed homes for sale. Prices are low. There are many good homes available on the market. The economy is improving so you might be able to afford to get a new home. However, you don’t want [...]
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