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April 20, 2017

Finding Bargain Foreclosed Properties in Your Area

Foreclosed properties can be excellent investments or affordable housing options. Learn how to find bargain priced foreclosed properties in your area.
 
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October 3, 2016

5 Things You Need to Know About Foreclosures

If you’re considering buying a foreclosed property, be sure to consider these 5 key pieces of real estate information before you do.
 
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September 20, 2016

Cook’s Corner: Why Refinance? Why are Foreclosures so Cheap? How do Home Equity Loans Work?

Why should I refinance my home?

Here are a few of the reasons people refinance:

To lock in a lower interest rate for the future, when rates will probably rise. Experts keep predicting rates will rise again and return, to 5% and above. They’ve been wrong for several years, which means the odds are getting better they will be right next time. A lower rate reduces your monthly payment as well as the amount of interest you will owe the lender over the life of your loan by tens of thousand of dollars. To lower monthly payments. By getting a lower rate and/or using some accumulated equity to pay down the balance of the loan and by extended the term of the loan, borrowers can [...]
 
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August 19, 2016

On The Case: Open-Ended Mortgages and Foreclosure vs. Forbearance

What is an Open-ended Mortgage?

An open-ended mortgage basically means that you can request an increase in a loan amount from a lender. This type of loan is for people who might need more flexibility than usual. For example, if they are buying land and then plan to build later, or in a situation where they believe it’s possible they will have to finance more at some point.

The big advantage of an open-ended loan is that a borrower can request additional funds without having to go through the loan process again. This means considerable savings on fees, closing costs, etc. However, there are strict limitations. An open-ended mortgage is basically like a home equity loan. [...]

 
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August 16, 2016

Have You Been Through A Foreclosure? How To Become A “Boomerang Buyer”

A foreclosure is a disappointing experience but doesn’t have to mean the end of your days as a homeowner. In fact, with some patience and drive, a person can become a “boomerang buyer” and recover from a foreclosure, putting themselves back into a home they can own, cherish and use to build equity.

Millions of people who probably never dreamed that they would lose their homes faced that dilemma from 2007-2008 when the Great Recession hit and home prices collapsed. Don’t fret if you were caught in a foreclosure during that time period–You are not alone in not seeing the collapse coming. (In fact, Hollywood made an entire movie, The Big [...]

 
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July 21, 2016

How to Save Your Home From Foreclosure: What You Need to Know

You can save your home from foreclosure. Here’s what you need to know and what you will need to do to save it.
 
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October 2, 2014

Signs of Good and Bad Foreclosures

Buying a foreclosed home could be the real estate deal of your dreams... or a money-draining nightmare. While it is recommended that you should always have a professional home inspection done prior to purchasing a foreclosure, here are a few things for you to consider during your foreclosure search... [read more]
 
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April 14, 2012

3 Ways To Buy Foreclosure Properties

Many novice investors think that just because a property is a foreclosure that it's a good deal. Not true. In fact, many people lose a lot of money buying foreclosures. So, how can one maximize their profits and minimize his or her risk buying foreclosures? In this post, I'll show you three unique ways to buy foreclosures, as well as the pros and cons of each... [read more]
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