Can I Get a Mortgage Loan After a Foreclosure Process?
Can I get another mortgage loan after going through a foreclosure process? Unfortunately, this is going to be a fairly common question in American, for years to come. We saw record-breaking numbers of foreclosures from 2008 – 2009, and 2010 is shaping up to be another bad year for the housing industry. So let’s examine this question in more detail: First, the good news. Yes,...
Read MoreHow to Stop Foreclosure on Your Home
There are legitimate ways to stop foreclosure on your home. They don’t work for every homeowner in every situation. But it’s certainly worth your time and effort to research them. This article explains some of the ways you can stop mortgage foreclosure before it starts. The Foreclosure Crisis Drags On I saw a mortgage statistic earlier this week that said, as of August 31, 3.3 million...
Read MoreHow to Find Cheap Houses for Sale Near You
Cheap means different things to different people. So let me start by clarifying what I mean by cheap houses, in the context of this article. When I say “cheap” in this lesson, I’m referring to houses that are priced below current market value. In other words, properties that are priced to sell quickly — for one reason or another. Believe it or not, there are plenty of...
Read MoreHow to Find Foreclosed Homes for Sale
In this article, I’ll explain how you can easily foreclosed homes for sale in your area. I’ll also tell you how to have this foreclosure data sent directly to your email inbox, without any extra effort from you. Get started at RealtyTrac: Find a Foreclosure Home Now! There’s a flood of foreclosure activity across the United States right now. If you’ve been watching the...
Read MoreWhy Does Buying a Short Sale Take So Long?
Reader Question: “A friend of mine just purchased a short sale property, and he said he would never do it again because it took such a long time. I’ve heard other horror stories about the process being slow. Why does buying a short sale home take so long to complete.” You have heard correctly. While the process occasionally moves quickly, it’s usually a slow one. This is...
Read MoreForeclosure Rescue Scams on the Rise – Here’s How to Avoid Them
I just saw a segment on my local news channel about the startling rise in foreclosure rescue scams in the United States. I’ve covered this topic before on the Home Buying Institute news blog, but never on this blog. So here’s an updated look at the most common foreclosure scams in use today, and what you can do to avoid them. How a Foreclosure Scam Works While they vary slightly from...
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