Archive for the ‘Foreclosed Houses’ Category
Loan Modification Process Under Scrutiny?
It has been the intent of this blog to assist individuals on both sides of the housing market, whether they be searching for short sale help, trying to sell their distressed homes as quickly as possible, or simply trying to get their hands on newly renovated homes. That being said, our eyes are quickly drawn [...]
Short Sale Help and Distressed Homes
The New York Times recently published an article about how although the recession is over, it still looks like economic trouble everywhere you turn. A lot of families can barely make their mortgage payments; credit scores are getting higher and higher, and people are altogether walking away from their debts.
What does all this mean for [...]
Deals on Renovated Homes
I just moved into an up and coming neighborhood. I thought to myself, my, if I only had the capital to buy some distressed homes here, fix them up, and rent them out, I would have a gold mine on my hands. Every day younger, hipper people move into the area, bringing with them trendy [...]
Buying Renovated Homes to Make Money
A story in the New York Times that ran in April, really made a case for buying renovated homes and selling them. The story interviewed several people who have profited greatly from such purchases. The most memorable being Harisimran Singh Sabharwal’s rags to riches story, and how renovated homes played a huge part in that. [...]
3 Reasons Why You Should Buy A Renovated House
There’s nothing more exciting than buying a new home for the first time.
Even if it’s not your first go-round with the home buying process, it’s still exciting. It’s the whole prospect of moving that gets me every time. I love that slightly uneasy feeling you have upon waking up for the first time in a [...]
Understanding Foreclosed and Distressed Homes Terms
Buying or investing in foreclosed or distressed homes, isn’t really too complicated— if you know the lingo, of course. Like most things in life that involve loads of paperwork, there’s a distinct bureaucratic vocabulary that unless you’re in the industry, or have a qualified interpreter, you’ll be left scratching your head. Lucky for you, we’ve [...]
Foreclosure Property vs. Short Sale Property
Foreclosure properties are typically distressed homes that are in foreclosure (i.e. a notice of default payment has been filed in the public records). It is a result of an owner ceasing mortgage payments followed by a lender delivering a notification that the property will be sold at auction if the payments are not brought up [...]
When To Seek Short Sale Help
If your house is valued at less than the amount of the outstanding loans, it may be time to consider a short sale.
Renovate Your House GREEN!
Whether your renovations are major or minor, it’s easy to make sure all changes to your home can be Green.
The Advantages of Buying A Foreclosed House
There are a plethora of both financial and practical reasons why potential homeowners should be looking exclusively at foreclosed house.
The most obvious is the money; the previous owners had to sell because of their own financial shortcomings, not because of any failings with the house itself. This should result in a below market price, sometimes [...]
