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Top 4 Reasons to Buy a Foreclosure or REO Home Now
1. Value – Real Estate Owned (REO) homes are usually priced lower than the original loan amount, because they exclude expenses such as attorney fees and interest. Also, lenders generally remove all second and third liens on the property, delinquent taxes, HOA fees, mechanics’ liens, etc. Since banks and other lenders are not in the [...]
Read Article ›13 ‘Houses’ Guaranteed to Never Foreclose
With foreclosed homes on the rise and the nation in debt, it’s only natural to wonder if your dwelling will be foreclosed on one day. With that in mind, here’s a list of 13 “houses” that will never foreclose.
1. A luxurious house for those who walk on four legs
Your dogs rule the house anyway, right? And [...]
What’s the difference between foreclosure homes and Real Estate Owned (REO) homes?
Simply put, a home goes into foreclosure when the home owner can’t pay the mortgage lender back for the home loan. When this happens, the lender attempts to sell the home in a foreclosure auction.
During the auction, the minimum bid must include the amount of the outstanding loan, the accrued interest, attorney fees, and any [...]
REO Homes – Great for College Students and Apartment Dwellers
REO and Foreclosures make great homes for college students, apartment dwellers and first time home buyers
Read Article ›How You Can Take Advantage of Strategic Foreclosures
Image by Getty Images via Daylife
Imagine purchasing a home that is being sold by a celebrity. It sounds impossible, doesn’t it? After all, celebrities have expensive mansions and you can barely afford the reo homes that you’ve been looking at. However, getting a fancy home just might be more plausible than you think. That is [...]
Read Article ›Putting a Green Spin on your Foreclosure Purchase
Image via Wikipedia
The housing market is ripe for you to finally buy a new home. Prices are right. Bank foreclosures are plentiful. Assistance with mortgage payments and availability of tax credits mean that you should be able to afford the new home of your dreams. But what if your dreams include for your home to [...]
Read Article ›Kitchens: The Most Important Room in a Foreclosed Home
Image by Jeremy Levine Design via Flickr
Right now is an ideal time for people who are interested in buying foreclosed homes for sale. Prices are low. There are many good homes available on the market. The economy is improving so you might be able to afford to get a new home. However, you don’t want [...]
Read Article ›Everything You Need to Know About Funding and Finding a Foreclosed Home
Purchasing a foreclosed home can be a very smart financial choice right now. There are many great homes on the market that are available at very low prices due to the fact that the economy has forced their owners into foreclosure. If you can locate the funding to purchase one now, you could be making [...]
Read Article ›Flipping Houses: 5 Must Know Tips
The concept of flipping houses is nothing new to many real estate investors and prospectors. Current economic challenges layered on top of several years of depressed new and used home sales have combined to reveal real opportunities to savvy real property investors. The challenge to succeeding in this investment arena, of course, is to get [...]
Read Article ›Celebrity Foreclosures For Sale: The Higher You Climb, The Harder You Fall
Home foreclosures aren’t just the bane of ordinary people. Even the richest people in the world are struggling with foreclosures in today’s market. In fact, the vast amounts of money that celebrities spend on their homes means that some of the biggest losses in the real estate industry are happening to folks whose names you [...]
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