Month: May 2010

Choosing Between New Homes and Foreclosures

Everyone wants a new home, but when the opportunity to buy a bargain foreclosure comes up, many would consider buying the foreclosed home. But now that the inventory of foreclosures is falling in many areas, and that previously unexperienced problems associated with foreclosures are cropping up, many prospective buyers are now seriously weighing buying new homes instead of foreclosures. Aside…

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Reasons Abound for Buying a Home Even Without the Tax Credit

 There are still plenty of reasons to buy a home even if the tax credit program has ended.The still low mortgage rates and the lower prices of homes compared to price levels a few years ago are more than enough to compensate for the loss of the tax benefit. Besides, a good number of home builders and sellers have been…

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How to Get a Bad Credit Equity Home Loan

Are you interested in learning how to get a bad credit equity home loan? Lots of home owners would love to cash out on the equity in their homes, but feel like they are unable to, due to their damaged credit. Let’s face it, the current economy has taken a toll on everyone, and many people who previously had excellent…

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Do You Need a Bad Credit Score Mortgage?

Let’s face it–these are not great days to be looking for a bad credit score mortgage. Lenders have tightened up their lending requirements significantly, and you can expect that they will be looking at your credit report, your tax returns, and everything else about your financial life to the greatest extent possible before they will lend you any money. If…

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New Good Faith Estimate Form Helps in Your Mortgage Shopping

The new Good Faith Estimate form helps you in two ways: •    in blank form, it serves as your guide while searching online for mortgage loans; •    when filled out by your lender, it will show you more accurate estimates of your closing costs. You can download the new GFE form from the HUD website at www.hud.gov/content/releases/goodfaithestimate.pdf. Unlike the old…

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Five Things You Need to Think About Before Walking Away From Your Mortgage

More than one million homeowners have walked away from their mortgage loans over the past year, based on estimates. These strategic defaulters argued there is no sense paying for homes that have become worthless. A University of Arizona professor also advised underwater borrowers to walk away if their negative equity has surpassed 25 percent. If you are considering walking away,…

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Are Third Realtors Always The Best Agents?

It’s a popular belief that to get lucky in life, you have to be the third realtor. Based on general experience, it is always the third agent who can relate to you as the owner. The first two seemed somewhat inexperienced, made a few mistakes here and there, even priced your house too low (at least that’s how you felt)….

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Marketing and Advertising

Marketing what you sell simply means you are employing some strategies to widen your market base. More people will come to know that you’re selling your house. When more people are informed, you’d get a higher chance that one of them might be the buyer. In a time when sellers scramble for buyers’ attention, it is important to make your…

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More Things to Consider in Real Estate

It has been said that real estate is a safe investment and one of the highest provider of return on investment. While this is true, some questions may be raised about the downside of this investment. In what ways could a person lose in this kind of business? The consistent appreciation of real estate value is your constant profit. Every…

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Making Your Residential Unit More Saleable

You’re a seller who wants to dispose a residential unit right away. How to do this, just put yourself into the buyer’s shoes. Buyers prefer homes that are in good condition, are worth their money, and are ready to be occupied. Doing some repairs and renovations may cost you some money, but you can gain far more when you boost…

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FHA Home Loans

These loans are offered by FHA approved lenders in your area. Their big advantage over privately-branded loans is the low minimum down payment, which is only 3.5 percent of the contract sales price, far below the 20-percent down required by most other lenders. You can also roll your closing costs into your total home loan amount. HUD $100 Down Payment…

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How Do You Know if a Foreclosure List Is Up-to-Date?

An updated and complete foreclosure list from a reliable provider is a crucial factor for the success of real estate investors and homebuyers in finding and buying their dream homes at attractive prices. Updated Foreclosure List One of the signs of a complete and updated foreclosure list is the need to pay a fee or subscribing to get it. Foreclosure…

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Real Estate is Safe Investment Strategy

Focus on safe investment has never been more crucial in the past than it is today. If only every investment would be assured of reasonable returns, but this isn’t always the case. It is rather exhilarating to see the stock market move up and down in an erratic and mostly unpredictable manner, while investors watch in apprehension of what may…

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How to make an offer on a Bank Owned Property

You’ve done your research and found some listings for bank owned homes. You’ve gone through the homes and had an inspection plus an appraisal done. Now you’re down to one of the last steps which is making an offer for the bank owned property that you’re interested in. there’s no need for you to be worried even if you’ve never…

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