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4 Tag Results

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April 08, 2010

Foreclosure Houses

Foreclosure houses are appealing to first time home buyers and real estate investors because they can be purchased below market value. The majority of foreclosure properties sold through public auctions or lending institutions require repairs or renovations. However, most can be transformed into a great residence or investment property.

There are pros and cons to buying foreclosure houses. Individuals who have never purchased real estate through public auctions should take time to learn how the process works. Otherwise, bargain foreclosure properties can quickly turn into money pits.

Real Estate Investing article on "Foreclosure Houses"

August 02, 2009

Short Sales vs Foreclosure

Short sales vs. foreclosure is a hot topic in the world of real estate. These two options might be the only thing left for borrowers struggling to make ends meet. Both can resolve financial challenges or create an entirely new set of problems.

The primary difference between short sales vs foreclosure is with short sales homeowners have the opportunity to sell their property for less than is owed on the mortgage note. Borrowers must meet certain criteria to obtain short sale approval from their lender.

Real Estate Investing article on "Short Sales vs Foreclosure"

June 23, 2009

How to Short Sale

How to short sale real estate is a hot topic. With millions of homeowners facing foreclosure, short selling property has emerged as the latest and greatest real estate technique. The truth is, short sales have existed for decades. It wasn't until the collapse of financial institutions that this option became public knowledge.

A single article isn't sufficient for learning how to short sale property. The process is complex and requires mountains of paperwork and hours of negotiation. Short sales involve convincing your lender to allow you to sell your house for less than you owe on your mortgage note. Since banks are in business to make money, borrowers must be knowledgeable about the process if they want to obtain short sale approval.

Real Estate Investing article on "How to Short Sale"

November 12, 2007

Shortsale are lenders willing to do them?

Today, many lenders are willing to engage in shortsale real estate transactions in order to avoid the expense of foreclosure. In a nutshell, when a lender accepts less money than is owed on the loan, it is considered a shortsale. Sounds simple, but the process is actually quite involved. If you do it correctly, you can walk away from your home without owing a dime.

Real Estate Investing article on "Shortsale are lenders willing to do them?"