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Foreclosure Auctions: How to Buy a Foreclosed Home Part Three

Buying foreclosed real estate at auction is becoming more lucrative in recent months, but there are many things about the process that buyers should understand before they walk into the fire. It’s not quite as simple as just going into an auction and bid on a home. There is a laundry list of things that [...]

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How to Buy Foreclosed Homes: A Quick Guide – Part 2

by SMD · 2 Comments 

The Specifics of Buying Foreclosed Homes Read Buying Foreclosed Homes: Part one With the current sub-prime crisis and the real estate market still somewhat in flux, the opportunity exists for people to take advantage of low prices associated with foreclosures. It’s certainly unfortunate that foreclosures are increasing. But at the same time, it does present [...]

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How to Buy Foreclosed Homes

by SMD · 4 Comments 

We can only hope that the housing crisis ends soon. Its causing good families to lose their homes, and the houses and condos they worked so hard to buy and keep. The reality is, because of the current housing slump and credit crisis, many more foreclosed and could soon be foreclosed houses are being sold [...]

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Adjustable-Rate Mortgages in the Post-Boom Era

Adjustable-rate mortgages (ARMs) and other “alternative financing” or “non-traditional lending” products helped fuel the housing boom of 2001-2005, but now that the boom has turned to bust, ARMs have been given a bad name. Is this fair? On one level, it is true that many mortgage lenders and Realtors knowingly set up clients with loans [...]

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Pre-Approval vs. Pre-Qualification: What You Need to Know Before You Go Home-Shopping

Here’s the scenario: You meet your Realtor outside of what looks like your dream home. As you walk in together, you instantly fall in love with the interior — it is the home of dreams! You tell your real-estate agent that you want to make an offer for a little under the list price, and [...]

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FHA Lending: More than Your Average Mortgage

The Federal Housing Administration, or FHA, is well known for giving loans to help first time buyers and those with less than perfect credit become homeowners. Less well known are the many other programs offered by the FHA to help with everything from disaster relief to streamline refinancing. Here’s a look at a few of [...]

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