by maria | Aug 22, 2016 | Exclusive QA |
The Department of Housing and Urban Development (HUD) acquires properties from lenders who foreclose on mortgages that it insures. These properties are then available for sale to potential homeowner-occupants and investors only through a licensed real estate broker....
by maria | Aug 22, 2016 | Exclusive QA |
Buying directly at a legal foreclosure sale can be risky. Among the disadvantages: There is no financing. You need cash, and lots of it. The title needs to be checked before the purchase. If not, you risk assuming a seriously deficient title. It may not be possible to...
by maria | Aug 22, 2016 | Exclusive QA |
Look in the legal notices section of your local newspaper and online. A notice is also usually posted on the property itself and somewhere in the city where the sale will take place. However, agents are the best source for information about foreclosures before they...
by maria | Aug 22, 2016 | Exclusive QA |
A lender decides to foreclose on, or repossess, a property when the owner fails to pay the mortgage. Unfortunately, thousands of homes end up in foreclosure every year. Many people lose their homes due to job loss, credit problems, divorce, unexpected expenses and...
by maria | Aug 22, 2016 | Exclusive QA |
You can find out more about an existing property and neighborhood before you buy than you can a new home in a newly developed community. When the home is on the outskirts of town, ask the developer about future access to public transit, entertainment venues, shopping...