Foreclosure Secrets Revealed

Archives by Tag 'Asking price'

Is it better to buy a foreclosure, or a short sale?

There is a big difference between a short sale and a foreclosure, although both might be a really great deal for the buyer. The big problem with short sales is you never know if the bank will actually take the price they have put on the property. A short sale means that the owners owes [...]

How do I know it is a good investment?

This is one of the most important questions to ask yourself. Another TRUE STORY will illustrate this point perfectly. Meet Zack and Sara, they are first time homebuyers wanting to buy a really good deal. Anne, a Realtor in my office, immediately shows them some excellent buys. Nothing is quite what they want until they [...]

Glossary and Real Estate Terms

Abstract of Title- A summarized history of the title of real property. Acceleration Clause- A clause that provides, at the option of the lender, the entire unpaid balance of the note would be due immediately upon failure to make a required monthly payment. Accrued Interest- Accumulated interest due but not paid. Acknowledgment- Legal declaration before [...]