What is a Short Sale?
A short sale is where a homeowner sells their home for less money than they owe on the property. The owner of the home negotiates a discounted payoff with their mortgage company without having to …
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What Are the Alternatives to a Short Sale of My Property?
A short sale of property may be the best option for curing your current housing problem, but it is not the only option. You may be able to arrange for a loan modification from your lender, where …
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Should I Buy a Short Sale Home?
Buying a home that has previously been sold back to a lender in a short sale can be a great deal, but it also comes with potential problems. Banks and other lenders do not like managing …
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1031 Exchanges
Property is often bought and sold for business purposes. It makes sense, from a public policy perspective, to encourage the buying and selling of property so that business owners purchase the property that is best suited for their use. Property may include real estate, personal property such as equipment, tools and motor vehicles, or livestock, for example. The government, …
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Quitclaim Deeds
Transfers of property can be complicated and expensive. However, the law recognizes that not all property transfers are the same. For example, there are different concerns and needs when you purchase property from a stranger than when you transfer property among relatives. Most real property transactions include the transfer of a general warranty deed that protects the …
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How To Buy a Home
Buying a home can be complicated, but if you take things step-by-step, you will soon be holding the keys to your own home! Step 1: Figure out how much you can afford What you can afford will depend on your income, credit rating, current expenses and debt, the down payment you can afford to make and the interest rate. Your interest rate may be set for the life of the loan or may fluctuate …
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Facing Money Problems? How To Avoid Foreclosure....
Unfortunately, when facing unemployment, unexpected medical expenses, funding the care of a family member, or other financial strains, you may find yourself struggling to pay the mortgages and worry about loosing your homes in foreclosure. The good news is, you can avoid foreclosure and keep your home if you know the right steps to take. The Federal Housing Administration, a …
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