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June 15, 2009

Avoid Foreclosure

If you need to avoid foreclosure, you don't have any time to waste. Although lenders are doing their best to help financially-strapped borrowers keep their house, there are only so many options available. Unless you have the financial means to cure mortgage arrearages and stay on track, you might not be able to stop the foreclosure process.

There are steps you can take to avoid foreclosure, but you must take immediate action. If you haven't already done so, now is the time to contact your mortgage lender. The longer you procrastinate, the harder it will be to convince your lender to work with you.

Real Estate Investing article on "Avoid Foreclosure"

February 23, 2009

Buy House for Cash

"Buy House for Cash" programs are quickly becoming a popular way to buy and sell real estate. Although there can be drawbacks to paying cash for houses, real estate investors oftentimes obtain significant savings for a cash offer and sellers can unload their property in a stale market.

The primary downside of buy house for cash transactions is the loss of mortgage tax deductions. In many cases, investors purchasing homes with cash are using them as investment properties. Others are obtained for the purpose of house flipping.

Real Estate Investing article on "Buy House for Cash"