New Program for Homeowners Who Sell at a Loss
Date Posted : 09 - Mar - 10
New Program for Homeowners Who Sell at a Loss
The newest program by the Obama Administration will encourage homeowners who owe more than the market value on their home to short sale the property and receive moving expenses ($1500) from the Federal Government. The important news is that Lenders will be compelled to accept the [...]
“FLIPPING” REAL ESTATE
Date Posted : 05 - Mar - 10
“FLIPPING” REAL ESTATE
Flipping real estate refers to buying a property at a low price – and selling it at a profit. Many people have made a fortune doing this but it is also possible to lose money. The properties’ market value, location, cost of repairs, length of time to repair and update and [...]
Tips for buying bank owned, VA and HUD foreclosures….
Date Posted : 01 - Mar - 10
Bank owned and foreclosed properties can often be purchased for many thousands below value, although not all foreclosures are bargains.
1) Ask your agent to do a current market analysis on any property you are considering to determine fair market value.
2) Be sure you are prequalified with a lending institution before you begin shopping [...]
