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Most people are under the assumption that all foreclosed homes are bargains. Well. . . YES and NO YES if you are looking for a home priced under market value. NO if you are looking for a home in super … Continue reading →
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Navigating Short Sales: What to Do When the Sale Price Leaves You Short If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of … Continue reading →
Tagged bank repo, bankruptcy, debt, default, distressed, distressed property, finance, for sale, foreclosure, home loan, loan modification, mortgage, mortgage default, mortgage forgiveness act, real estate, repo, reposession, short sale, st tammany
What’s the difference??? There are three types of home-sales that require you to be Pre-Approved. REO’s (home foreclosures) Short Sales (sale price is lower than the sellers mortgage payout) ‘Relos’ (homes being sold by a seller’s relocation company) Add to that, ordinary … Continue reading →
Tagged bank repo, credit score, foreclosure, home loan, loan, mortgage, pre-approval, pre-qualification, real estate, repos, reposession, short sales
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The following is a reprint courtesy of HUD.Cov, US Dept of Housing and Urban Development The Section 203(k) loan program is HUD’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool … Continue reading →