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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Do I Have to Pay a Realtor Sales Commission in a Short Sale?
In standard home transactions, the seller and buyer reach an agreement for how the sales commission to a Realtor will be paid. Sometimes a buyer and seller will agree to split the costs out of …
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Is a Short Sale Right for Me?
If you are wondering if a short sale of property is right for you, you should know that it is a highly individualized and personal issue. However, there are some circumstances and factors that …
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Real Estate Deeds and Taking TItle to Real Estate
In very general terms, a deed is the legal document that transfers ownership of real estate from one person or entity to another person and/or entity. While the requirements for legally valid deeds vary widely from state to state, there are some different types of deeds that are consistently used in real estate transactions, including warranty deeds, grant deeds, and quitclaim deeds. …
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Dealing With Your Neighbors
Living in close proximity to your neighbors can be a wonderful experience. It can mean summers of shared barbeques, help and advice with your yard work and people to count on in the case of an emergency. Yet, living in close proximity to your neighbors can also lead to disputes. Some common situations that lead to disputes among neighbors include, maintaining shared fences or …
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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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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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