learning center archive
Avoid a Mortgage Meltdown
In the beginning of the subprime mortgage crisis, the average American did not appear to be too concerned about losing their home to foreclosure. Most likely, they believed it wasn’t as big a problem as being portrayed, it would end quickly or it simply
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Rising Rates Flood Markets with Foreclosed Homes
Rising interest rates are conspiring to halt the real estate bull market in the USA. But the trend is good news for those shopping for foreclosures like the ones listed in growing numbers on sites like ForeclosedHomes.com.
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The Loans behind Rising Foreclosure Rates
Not too long ago, when a potential home buyer needed to secure a loan, they were pretty much limited to applying for a conventional mortgage. These types of loans were generally noted as having a fixed rate and term (15 or 30 years), required mounds of paperwork
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Choosing the Right Home Mortgage Loan
Are you ready to buy a home? Most people who buy homes have to borrow money from a lender in order to purchase a home. The money received is called a mortgage loan. There are wide varieties of mortgage options available for you to choose from
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Financing a Foreclosure
Many people interested in buying foreclosures often hesitate to take the plunge because they do not think they have enough money to buy a foreclosure property. They may be surprised to learn that it may not be as difficult as they imagine.
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Credit: A Matter of Time
FICO scores play a huge role in determining whether or not we can qualify for a credit, which can be a major issue for many of us wanting to purchase a home. What is a FICO score? Simply put, it is a mathematical model used by lenders
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Do's and Don'ts of Foreclosure Buying
Over the past few years, much has been written about people who have “made a killing” buying and selling foreclosures. While it’s true that there have been many successful investors who have bought and sold foreclosure homes and made large profits, it should not be viewed as a guarantee
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What is a Foreclosure?
A foreclosure is a legal process in which legal action is taken by a lender when the terms of the mortgage or trust deed are not met and the borrower is in default. A borrower is in default when the repayment terms stipulated in the trust deed or mortgage are not fulfilled.
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The Foreclosure Process: A Brief Synopsis
When a person obtains a loan to purchase a home, two important documents are signed. The first is a note, which describes the obligation to repay the loan; the second is a mortgage or deed of trust contract, depending on State law, which gives the lender
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Foreclosure FAQs
ForeclosedHomes.com has assembled answers to all of your frequently asked foreclosure questions.
What is a foreclosure?
A foreclosure is a legal process in which ….
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