learning center archive
Credit Information
A credit report is an ongoing record of your personal information and how you have paid your credit card debt and other bills. A credit report reveals how much debt you have, whether or not you have made your payments on time, or if you have neglected to
continued...› | 8/1/2008
Buying and Selling Real Estate & Foreclosures
Buying real estate is one of the biggest purchases most people make in a lifetime, but it also forces a wholesale examination of the homebuyer's goals, commitments and lifestyle. With the right guidance and advice, an increased understanding of real estate will help homebuyers identify their specific objectives.
continued...› | 8/20/2008
List of Foreclosed Homes
In today's market, any prospective homebuyer, real estate investor, or agent should be investigating local foreclosed home listings as part of their search for that perfect next home or investment. There are many ways to obtain a list of foreclosed homes, including searching the local newspaper, visiting the county courthouse
continued...› | 8/21/2008
Michigan Foreclosed Homes
In Michigan, there are two different processes by which a lender can foreclose: judicial action or advertisement. For residential property, lenders most often use foreclosure by advertisement, which is contractual in nature and governed in part by the terms within the mortgage document.
continued...› | 8/21/2008
Buying a FSBO Home
A house that is selling For Sale by Owner (FSBO) is one that does not have a real estate agent representing the owner. In many cases and with the proper due diligence, FSBO properties can be good investment opportunities.
continued...› | 8/21/2008
Foreclosed Homes Can Save You Money
Buying a home can be an expensive undertaking, but it does not have to be. Savvy bargain hunting homebuyers are leaving no option unexplored when it comes to getting the best price possible on a home. That is why many are taking a closer look at foreclosed homes.
continued...› | 8/21/2008
How to Buy a Foreclosure
According to the Mortgage Bankers Association the rate of foreclosure starts and the percent of loans in the process of foreclosure are at the highest levels ever. Opportunities abound in the foreclosed home market. Knowing the foreclosure process and understanding the foreclosure market can only increase your success. There are three phases of the foreclosure process where you can buy a home or investment property.
continued...› | 8/21/2008
What is the Foreclosure Process?
More often than not, whenever you turn on your TV or open a newspaper these days you are inundated with stories about foreclosures. You think that you know what foreclosures are, but do you? The term foreclosure is a term used to describe the process in which legal action is taken by a lender or mortgage holder when the terms of the mortgage or trust deed are not met and the borrower is in default.
continued...› | 8/21/2008
Investing in Foreclosure Real Estate
From 1960 to 2007, national homeownership rates grew from 60 percent to 68 percent according to U.S. Census figures. Federal Reserve data indicates that the market value of the real estate holdings (of households, nonprofit organizations, and non-financial businesses) grew from approximately $19 billion in 1990 to around $30 billion in 2004.
continued...› | 8/21/2008
Home Inspection FAQs
Foreclosedhomes.com has put together a comprehensive list of Home Inspection FAQs to help you learn about the benefits of home inspection, including a list of questions you can ask your home inspector before any contracts are signed.
continued...› | 8/21/2008