”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...
Hunting for a new home online is a great place to start your search, but it should not be your end all be all. Good listing agents are excellent at highlighting the best features of the home, but keep in mind there may be more than meets the eye. To make the most of...
If you’re facing a move or just tired of managing your family’s enormous amount of stuff, you can create a plan to help your family move on from under the clutter. The average weight of items you have in each of the rooms in your home is 1,000 pounds. So, for a...
Moving is the perfect opportunity to declutter, losing the dead weight of your unneeded stuff before you haul it into your new home. Yet while the very best time to cut your losses is before you pack your things, unpacking is another prime opportunity to edit your...
Have you been dreaming of owning your own home or even upgrading the one you currently have? With a few simple steps and a little saving, you could be well on your way to move-in day. If home ownership is on your to-do list, follow these simple steps to save...
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have...
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