Articles
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 [...]
The Value of the Broker Price Opinion
Ever heard of Broker Price Opinion? In this article we will explain exactly what it is and give reasons for why it’s used and when it’s used.
A Broker Price Opinion, or BPO, is a tool used by mortgage companies and lenders to determine the value of properties in situations where they feel the delay and [...]
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 ›The Shadow Inventory Debate
I’ve been tracking what people are saying about the shadow real estate inventory that many economists, real estate professionals, and bankers are frightened of. Seems there’s some debate if the shadow inventory, will stymie the housing recovery.
First the definition of shadow inventory is up for debate. Depending on who you’re listening to it can mean [...]
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Read Article ›Things to Include in Your Homebuying Wishlist
The real estate industry has been in a really unusual state the past few years. Flipping houses, bank foreclosures, and bank owned homes are all things that have entered into the mainstream vernacular in ways that have nary been seen previously. It has been a seller’s nightmare in many cases and a buyer’s dream in [...]
Read Article ›Everything You Need to Know About Funding and Finding a Foreclosed Home
Purchasing a foreclosed home can be a very smart financial choice right now. There are many great homes on the market that are available at very low prices due to the fact that the economy has forced their owners into foreclosure. If you can locate the funding to purchase one now, you could be making [...]
Read Article ›Celebrity Foreclosures For Sale: The Higher You Climb, The Harder You Fall
Home foreclosures aren’t just the bane of ordinary people. Even the richest people in the world are struggling with foreclosures in today’s market. In fact, the vast amounts of money that celebrities spend on their homes means that some of the biggest losses in the real estate industry are happening to folks whose names you [...]
Read Article ›It Might be Time to Place Your Bet in Las Vegas on Flipping Houses
You are probably thinking that flipping houses right now could be a bigger risk than you are willing to take. That may be true for some people, but for those who are willing to put in the time and effort buying Nevada real estate owned properties offer a multitude of opportunities. A lot of things [...]
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