foreclosure vs bankruptcy
Does declaring bankruptcy when you fall delinquent with mortgage payments help iron out the situation? The answer is, it depends, but it could do!
There are two types of bankruptcy routes that can be explored.
Chapter 13… more»
How to get your Home back after Foreclosure
If you are unlucky enough to lose your home because of foreclosure, remember it is not the end of the world. You can in many cases, get the home back, anyway! How do you do… more»
How to Protect Yourself Against Foreclosure
Remember this, lenders don’t like foreclosures. An average foreclosure costs the lender $80.000 and they end up with a piece of housing stock on their books which they are required to sell, so the accounts… more»
How to Buy Distressed Property and Profit
One in every hundred mortgages in the US is in foreclosure and one in four people are behind with their payments. Foreclosed property generally sells at a knock down price. For the prudent here is… more»
Supplement Your Retirement with Real Estate
Real estate is typically thought of as a safe investment. The price of land always goes up or at least that’s what we’ve always heard. Most of the time it does. The soft real estate… more»
Understanding Debt - Mortgages
Credit was introduced a long time ago to facilitate trade. However, along the way Banks rapidly realized that personal credit would help business and of course make them a nice profit. When you borrow money… more»
Home Buying 101
Home Buying 101 is a series of 11 articles guiding individuals through the home buying process. It’s a great feeling when you purchase that first house, but you have to educate yourself on the basics… more»
How to Buy a Home with no Down Payment:
Buying property without a down payment is getting increasingly difficult in these post sub-prime mortgage crisis days. The market is in tatters, there are over 3,000,000 empty homes out there and 1,000,000 people are faced… more»
What’s Involved in Closing on Your Newly Purchased Home?
Closing is the end of the line when it comes to house purchasing. Earlier you or your lawyer negotiated a contract with the seller. Next the lawyer contacted a title company to complete a search… more»
How to do a Final House Inspection Before Closing
Before closing a contract to buy a new home you will need to do a walk through inspection. This inspection is very important, and skimping on time and detail would be an expensive mistake. Generally… more»
How to Get the Correct Home Insurance for your House
Congratulations, your house purchase is coming on well, and now you need to think of home insurance. Be careful there are two issues here. One is insuring the actual house itself so it is covered… more»
How to Deal with Buyers Remorse
OK you have, made the biggest purchase of your life and you have bought your dream home but now you are having second thoughts and doubting the wisdom of your decision. This state is known… more»
How to get a Professional Home Inspection Done on a Home
Before you buy a new home, however lovely it may seem, a professional house inspection will always uncover those hidden defects that can turn a dream home into a nightmare.
Things you will need:
A friendly Realtor… more»
How to make an Offer and Negotiate a Price on a Home
O.K. you have found a dream home or you have a short list of properties to draw from. Now you are ready to start wheeling and dealing by making an offer on the property.
Things… more»
How to Find the Perfect Home within your Budget
The first thing to remember is that there is no such thing as a perfect home. “One man’s meat could very well be another man’s poison!” What you need to do to find this dream… more»
How to Find a Good Real Estate Agent
Using the services of a good real estate agent or broker is an essential part of the home buying process. Look for somebody who has good local knowledge, has been in business for a while… more»
How to find a good Lawyer for a Housing Purchase
When it comes to purchasing a home you will need the services of a good lawyer to steer you clear of the pitfalls and thus protect you in the largest purchase you are likely to… more»
How to Shop for a Mortgage and get Pre-Qualified
Unless you are cash wealthy, chances are you will need a loan to buy your dream home. There are many lenders out there and in spite of recent events; many are keen to sell you… more»
How to Shop for a Mortgage
In shopping for a mortgage, remember that you don’t always need to have a mortgage broker to be able to have a good mortgage. Before you dive into shopping for a mortgage, there are a… more»
How to Save Money for a Down Payment
When it comes to buying a house today, you will be expected to pay a down payment or percentage of the house price. You will need this money (usually 5% of the purchase price but… more»
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