learning center archive
Navigating the Mortgage Meltdown
In the beginning of this subprime mortgage crisis, people didn’t appear to be too concerned. Most likely, they believed it wasn’t as big a problem as being portrayed, it would end quickly or it simply didn’t impact them. As the mortgage meltdown drags on and more and more people
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Remodeling? Wake up to Reality
Whether you plan to own your house long-term, want to fix up a dump and sell it for big bucks or are just looking for a little change in your surroundings, knowing what to improve, what to gut and where to start are always challenging decisions.
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Buying Foreclosed Homes At Auction
A foreclosure is a legal process in which a bank or other secured creditor sells or repossesses a piece of real property due to the owner’s default on their promissory note. Foreclosure properties are formally in default. Generally the foreclosure auction comes at the end of the foreclosure process
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Foreclosure Happens? But How and Why
Between 2005 and 2006 many states saw their foreclosure rates suddenly jump more than 100 percent, signaling the beginning of one of the most significant foreclosure markets in recent history. High-flying, fast-falling places like California were the hardest hit as price trends did a U-turn, giving whiplash
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Finding a Foreclosure
If you are interested in buying a foreclosure you need to know where to look. After all, if you can’t find a foreclosure you have no chance of buying one. The good thing is that there are plenty of resources you can use to find foreclosures.
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Getting Started in Foreclosure Investment
Real estate investing continues to make Americans wealthy, even during the current housing market downturn. In fact, some investors have waited years for the real estate price bubble to finally burst, just so that they could step in and acquire discounted properties at wholesale or below wholesale.
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Foreclosure Investing Checklist
Real estate investing in foreclosure homes can be a profitable endeavor. However, it does typically carry with it a pretty hefty learning curb for those who have never purchased properties for investment purposes. This by no means should deter you from foreclosure investing if you are genuinely interested.
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Buying Pre Foreclosures
The foreclosure process is often a stressful process for the homeowner. In many situations, they believe that they do not have any alternatives available and are frustrated that their home will soon become one of many bank foreclosure listings out there.
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Multiple Ways to Buy a Foreclosure
Foreclosures can be bought in a variety of ways. Some investors focus on buying properties when they are in the pre-foreclosure stage directly from the homeowners. Others prefer to buy foreclosures from banks that have retaken ownership of the property.
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Tips on Purchasing a FSBO Home
Although the houses themselves are physically unchanged, the process for purchasing them can differ dramatically when homeowners act as their own real estate agents. A vast majority of do-it-yourself-sellers only take on the headache and responsibility to market their homes by themselves because they want to save money
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