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Tag: contract

First-time homebuyer tax credit clarification

Written by Guest on 2010-04-02.

Since November of 2009, when Congress extended the First-time Homebuyer Credit, I have conducted a few hundred real estate closings and have heard a lot of misinformation being shared among real estate agents, mortgage lenders and homebuyers. The...

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Make him (or her) an REO offer he (or she) can’t refuse

Written by Todd Ewing on 2010-03-19.

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...

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