Brokers or Lenders — Which Do you Want for your Real Estate Mortgage?
John Harris asked: A mortgage is a mortgage is a mortgage. NOT! Not only do mortgages differ between lenders, but they also differ greatly by the lenders, themselves. There are two types of real estate originators — brokers and loan officers.Brokers generally are self-employed professionals, who work to secure a real estate loan for you. [...]
Considering Bank Foreclosures
Groshan Fabiola asked: Each year thousands of families find that they can’t keep up with their mortgage payments anymore. This can happen for a variety of reasons such as too much debt, the loss of a job, illness, or even divorce. Regardless of the reason, bank foreclosures occur when the buyer of the home doesn’t [...]
Profits in Trashed Bank Owned Real Estate
Mark Walters asked: There’s a slice of the foreclosure market that is overlooked by most investors and that is the profits in trashed bank owned real estate.Bank Owned Home is REOAn REO (Real Estate Owned) is a home that becomes the property of a lender after an unsuccessful foreclosure auction. The truth is that many [...]
Take Advantage of Foreclosure Lists Online
Gail Metcalf asked: With just a click of the mouse, you are entitled to free foreclosure listings of properties. Foreclosure happens when a homeowner defaults on a mortgage loan. Free foreclosure listings are free lists of property items which provide complete information to guide potential buyers in buying a foreclosure property. Acquiring foreclosure properties is [...]
Pre-Foreclosure Lists – What Are They And How Can A Buyer Use Them To Make Money?
Thomas Bladecki asked: There are hundreds and thousands of houses foreclosed on a regular basis in today’s markets. A pre-foreclosure happens when a person fails to make payments of mortgage loan to the banks or any other financial creditors. In this case the bank or the lender re-claims the house by foreclosing it and recovers [...]
Foreclosure Overview & the Foreclosure Process
Sofia Rucci asked: A foreclosure is a legal proceeding taken by a bank or mortgage lender against a homeowner who has defaulted on their mortgage loan. There are several steps in the foreclosure process; pre-foreclosure, auction, and bank owned. It is possible to buy homes during each of these foreclosure steps if you know where [...]
