Articles
The Truth About Lender Fees
You may know that there are lots of fees associated with closing on a home, but do you know exactly what those fees are and how they apply to you and your purchase? Allow us to shed some light on the subject.
Purchasing a home, whether it’s a traditional transaction or an REO sale, involves [...]
Fannie Mae Incentives to Purchase REO Listings
Fannie Mae is now giving buyers who purchase their HomePath® properties, which are really just their REO properties, in an attempt to sell them more quickly. The company is giving buyers up to 3.5% of the final sales price toward closing costs, new Whirlpool® appliances, or both. To qualify for the incentive, buyers must use [...]
Read Article ›7 Important Tips for Buying Bank-Owned Properties
Whether you’ve been saving up to purchase a primary residence, or you’ve been kicking around the idea of purchasing a second home (like a vacation home, or rental/investment property), you may want to take a look at some of the bank-owned properties on the market.
There are many advantages to buying bank-owned properties – also known [...]
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 [...]
Things to Include in Your Homebuying Wishlist
The real estate industry has been in a really unusual state the past few years. Flipping houses, bank foreclosures, and bank owned homes are all things that have entered into the mainstream vernacular in ways that have nary been seen previously. It has been a seller’s nightmare in many cases and a buyer’s dream in [...]
Read Article ›The Terminology of the REO Market
When someone decides to purchase a home, especially for the first time or in a new way, they are often confronted with a vocabulary totally alien to them. Like any other industry or business, real estate has its own terminology and those who work in the field somewhat unconsciously take it for granted that not [...]
Read Article ›Purchasing California REO Properties: What You Need to Know
Buying a CA REO property is one of your best bets if you are in the REO property market because of the great deals and beautiful options.
Read Article ›Hardly Out of Steam, the REO Train Pushes On
How have you been impacted by the first wave of foreclosures? The second wave of foreclosures is expected to hit this year, bringing many more banked owned properties onto the market. How can you take advantage of the influx of homes?
Read Article ›Paradise Lost: Real Estate Investing in a Troubled Market
Investing in real estate can be a way to make a large profit, but make sure you follow these steps when evaluating if real estate investment is right for you.
Read Article ›How Do You Know if a Home Is Overpriced?
Looking for a home? Prepare yourself with these simple suggestions on how to avoid purchasing an overpriced home. Doing your research, in the end, is what can help prevent getting in over your head.
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