Financing is just one component of buying a home. Before you get to the stage where you must borrow money, you must first isolate the home you wish to buy and figure out how much money you can put into this all-important part of living the American dream. A good place to start is by contacting a realtor, who can enable you to analyze your financing, figure out how much money you will need to borrow to go along with…
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REO stands for Real Estate Owned by Lender, and buying a foreclosure property owned by the bank or financial lender comes with a wide range of ups and downs. It presents a property that has been taken back by the lender through a foreclosure, and now, the title is under the lender’s name. The property can be either managed by the lender or one of the agents of the concerned bank. Buying a foreclosure REO property offers many advantages and…
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Daring or danger? Some good discussion on the risks of settings your price too high. NATURALLY, EVERYONE WANTS TO GET THE BEST PRICE POSSIBLE FOR THE SALE OF THEIR HOME. But if you start out with a high sales price, then have to drop it later -- your house becomes "old news". It will be difficult to recapture that new-to-market frenzy of initial interest you might have had with a more realistic price. As a result, your house could take…
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