For a number of reasons, the rate of home foreclosures is rising in the United States. In fact, the rate is up some 70% over a year ago. Part of this is due to rising interest rates that are making payments unaffordable to homeowners who bought their homes three or four years ago with adjustable ... Continue Reading » about Mortgage Problems and the Myth of Foreclosure Help
Real Estate
Checking Your Credit Report
I just got my yearly reminder to go check my credit report and make sure everything is correct. This is a step that needs to be done prior to applying for a mortgage. You always want to make sure the errors are corrected and you know exactly what should and should not be on that credit report. ... Continue Reading » about Checking Your Credit Report
3 Pitfalls to Avoid When Playing in the Real Estate Game
So you’ve seen your umpteenth infomercial with the guy in his neatly pressed button-upped white T-Shirt grinning ear to ear waving his rock-solid no-money-down rags-to-riches real estate investment course for 3 easy payments of a gazillion dollars (but only if you call now) and now you are thinking, ... Continue Reading » about 3 Pitfalls to Avoid When Playing in the Real Estate Game
Bank Foreclosures
Bank foreclosure real estate, also referred to as REOs (Real Estate Owned), is foreclosed real estate that is owned by the bank due to an unsuccessful foreclosure auction. There are several reasons the home may have not sold at the auction. The most common reason is negative equity- the bank ... Continue Reading » about Bank Foreclosures
Affordable Homes: Real Estate in Nation’s 10 Most Cheap, Livable Metro Areas
The 10 most livable and most affordable real estate metro areas in the United States have a number of other favorable characteristics in common, according to a new HouseHunt “Current Real Estate Market Conditions” survey conducted by HouseHunt, Inc., a consumer-oriented Internet firm that provides ... Continue Reading » about Affordable Homes: Real Estate in Nation’s 10 Most Cheap, Livable Metro Areas
11 Things You Need to Know About Passing Your Home Inspection
11 Things You Need to Know About Passing Your Home Inspection Passing your home inspection is a big milestone in the home buying and selling process. When buying a home, you should always ask for a home and a termite inspection. Be sure you know what you are getting into before you sign on the ... Continue Reading » about 11 Things You Need to Know About Passing Your Home Inspection