Make him (or her) an REO offer he (or she) can’t refuse
A Real Estate Owned (REO) property is a property held by a mortgage lender or bank due to an unsuccessful foreclosure auction. In other words, the prior owner defaulted on the loan; the lender instituted a foreclosure proceeding; the foreclosure...
Appeal property tax in 4 steps
If home prices have dropped in your area, there’s a chance you could be paying too much in property taxes. Thankfully, there is something you can do about it: Challenge your property tax assessment before the local Property Tax Assessment...
Do open houses work for real estate agents?
Before the age of the Internet, the only way potential homebuyers could tour a home was to either contact their real estate agent to schedule a showing or to attend an open house.
Now-a-days virtual tours, photo galleries and online listings...
12 ways to come up with a down payment
It’s hard not to get excited at the prospect of owning a home, especially when there’s so much buzz about historically low borrowing rates, an influx of foreclosures on the market and a new program that might actually expedite...