”Distressed property” encompasses homes in foreclosure, short sale or that are REO (Real Estate Owned). Usually, such properties can be bought at a price that are 15-35 percent less than the market value and it essentially relies on the home’s condition. Below, we...
For those who are new to the auction block, there are a few key pieces of financing knowledge that are “must-haves” to remember before lifting that paddle to bid: Most real estate auction contracts have no financing contingencies. In a nutshell, “no contingencies”...
Although it is sometimes a great alternative to repair your finances, the bankruptcy as well as the following discharge period can be quite challenging. Do note that it could delay things for a few years. However, a bankruptcy cannot stop you from borrowing a mortgage...
Are you looking to purchase a new home? In case you plan on borrowing either some or most of the purchase price of the house, you must get prepped for the entire mortgage process. We have outlined four key questions that you must ask your mortgage professional as you...
Purchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don’t forget there will be other costs associated with your purchase then the price of the home. Here are 5 fees to keep in mind as you...
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