BY Ken Fong
Have you ever heard of the term pre foreclosure? Do you think that this means the same thing as a foreclosed property? If you answered yes to these questions you are not alone. But at the same time, if you answered yes you are not familiar with the advantages of buying pre […]
BY Al Hardymon
You have found your dream home and it is a HUD foreclosures. You have done a walk-through of the HUD house and it seems to be in good shape, just a few minor repairs.
Unfortunately, you have already made a major mistake. Your real estate agent, who is your uncle, has never sold […]
BY Amon Minor
Have you recently decided that you would like to give real estate investing a try? If so, you are definitely not alone. Each year, a relatively large number of individuals decide to take a gamble on the real estate market, particular investment properties. While that gamble doesn’t always pay off, it does […]
BY Bob Smith
The Department of Veteran Affairs has a program designed for assisting US veterans in purchasing their own homes. The program involves securing the mortgage loans of these veterans. In cases of mortgage default, the lender will have to foreclose the property. The lender will inform the Department of Veteran Affairs and get […]
During the real estate boom of the last few years, a brand new problem began cropping up on a regular basis whenever a lender had to foreclose on a defaulted mortgage. Every Tom, Dick and Harry with no money and no credit, but ready access to late night television suddenly wanted to “flip” houses.
BY Real Estate Advisor
Foreclosures continue to rise across America. According to the latest annual report of http://Foreclosures.com, the number of foreclosures filed nationwide in 2006 had increased by 51 percent from the previous year, with foreclosure filings nearly topping one million. When compared to 641,000 foreclosure filings made in 2005 nationwide, almost 971,000 foreclosure […]
1. Have your credit checked early in the process. Most people do not know their credit scores or what really determines a good credit score. It is not enough to get a free credit report from a single credit reporting agency. It is important that you have a mortgage planner obtain a tri merge report. This will provide scores from all 3 reporting agencies. Typically the lender will take the middle of the three scores when qualifying an applicant. It’s important to determine if there are credit issues early on. Many times they can be corrected in a matter of weeks and will raise your score. A low credit score can cost you many thousands of dollars in mortgage interest.