The Many Factors You May Encounter Behind a Foreclosure

First of all, a foreclosure is the procedure by which the mortgagee can collect a debt, if the debtor fails to meet its obligation to pay the installments. If the defaults are between three and six monthly deadlines, the bank initiates a foreclosure process in which not only claims those arrears, but the total amount […]

Become a Homeowner in a Non-Traditional Way Through a Recession

Every once in a while an economic recession hits hard in most parts of the world, due to the hyperconnectivity of our present day through technological advancements and global commerce. The last one we can remember very well started at the housing bubble crisis of 2007, and no one was prepared for such event, millions […]

Foreclosure Auctions: How to Find, Take Action and the Proper Steps

A foreclosure auction is a legal procedure in which a foreclosed property is sold, in contrast with a conventional sale. Here a referee named by the court is invited to carry out the operation, turning the home in question over to the new owner. This activity allows the borrower to lend money from the lender, […]

Find The Best Real Estate Deals With Pre-Foreclosures — Learn The Best Tactics

A pre-foreclosure home is a property that is likely to face an asset sale embargo because there are outstanding mortgage payments to be done but has not been foreclosed by the lender yet. In other words, this is the moment before the foreclosure and auction of the house happens, in which the homeowner still has […]

Fixed Vs. Adjustable Mortgage Rate — Which is Better?

Anxious to get a mortgage that suits your needs? You need to know some specific terms in the mortgage selection process. These are two of the main ones: Adjustable rate mortgage (ARM) and fixed rate mortgage. The difference between both mortgage loans is that in the first case, the interest rate is fixed when you […]

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The Biggest Home Buying Mistake is to Not be Fully Prepared — Understand Closing Costs

For anyone preparing to enter into a mortgage transaction, whether buying or refinancing, the issue of closing costs is vital.  Even when your mortgage advisor mentions them or reads in the offers that the developer is willing to assume part of them, the client has in mind that in addition to the prompt payment, there […]

Investment Property: This is a Retirement Option—How to Buy Your Rental

Investment property is a way that many become successful, however it’s important that you carefully consider the costs and benefits. Even though home prices are rising at a 5.2 percent rate in last June 2018, compared with June 2017, according to the National Association of Realtors (NAR) data isn’t as bad as it may seem. […]

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Buy a Home Today is a Large Decision for Anyone: 5 Things to Consider

Buy a home today may be your biggest wish, but you’re worried about not having enough money saved for a down payment, or maybe don’t know where you’ll be in a few years. Those were some of the headaches people between 23 to 40 years old, a demographic group well-known as “Millennials” claimed as their […]