What Is a “Short Sale”? When a homeowner owes their lender more than the home is worth and is therefore unable to get enough from the sale of their home to pay off their mortgage, that’s a “short sale”. When a home such as this is on the market, the homeowners will have to ask their lender to
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05/24/2008
Financing Options Available to Buy ForeclosuresMost conventional financing and FHA can be used to buy foreclosures. You can still buy homes with “no money down” loans as well, though due to the recent meltdown in the mortgage industry, they are a little harder to find these days. In the case of h
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11/30/2007
FAQHow Do I Make An Offer?First secure the services of a Buyers Agent. This is an agent who must, by law, represent your best interests only, not the best interests of the seller. The Listing Agent is not a Buyers Agent. The Listing Agent is the Sellers agent and must, by law, represent only the
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11/29/2007
FAQ What about liens on the property? Am I buying those too?If you buy the home during the redemption period, all liens will still be on the property so a title search is critical before you close. Do not close without clear title. If you’re taking out a loan to buy the property, your lender wil
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11/28/2007
Tips on Buying a Foreclosure- Part One In a SeriesForeclosures are everywhere. And real bargains can be found. But you better know what you’re doing. Understanding the bidding process is critical. Working with an experienced foreclosure agent is also critical. This is very different world than bu
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11/25/2007
