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February 2019

Found 4 blog entries for February 2019.

If you are considering purchasing a bank-owned foreclosed property, then you these 15 facts will give help inform you about what to expect.  

What is a Bank Owned Foreclosed Property?

A bank forecloses on a property when the person paying the mortgage stops making payments. When someone takes out a loan on the house, the house becomes collateral in the event they don’t pay the mortgage. If payments become seriously delinquent, the bank steps in and terminates the equitable right of redemption. At this point, the bank takes back the house to sell it. In this way, they recoup some or all of the money owed.

Don’t Expect Rock Bottom Prices

People sometimes have the idea that a foreclosed property is going to sell for a rock bottom price. They

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If you’ve decided to sell your home, you are no doubt dealing with a lot of mixed emotions. You’re probably excited by the prospects of finding a new house. Maybe the move itself is indicative of something new and thrilling in life — like a better job or a growing family.

Pretty young woman making a decision with arrows and question mark above her head

At the same time, you may be experiencing some trepidation about selling your home, finding another home you like, and everything in between. Rollercoaster emotions are typical for most people in your position. These tips offer guidance on how to get through the home selling process and keep your emotions calm.

Connect With a Quality Real Estate Agent

Your first step and one that will significantly ease your emotional turmoil is finding a superb realtor. You want someone who

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Selling a property involves many documents. Understanding what materials you require will help the process run smoothly. Those working with an agent may benefit from the escrow company assisting in retrieval. However, any home seller should be aware of the types of documents that are typically necessary to facilitate the expedient sale of a home. The required documents vary slightly depending on the state in which one owns a home. Other factors play a part, as well.

What Documents Are Useful?

Sellers who list their home for sale with an agent need to gather valuable information about their home. The necessary documents depend on various factors such as the type of community in which you live, the kind of property you own, and whether the buyer is

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When determining how the housing market will perform, the economy provides us with clues. With our economy moving in a positive direction, there is not much worry for a housing crisis, recession, or even a housing bubble. The GDP was 3.4 % at the end of 2018, the unemployment rate is 3.9 %, which is low, and 312,000 new jobs were created in December. With all the positive momentum of a strong economy, people may wonder if this is an opportune time to either buy or sell a house. Does this type of economy indicate a buyer’s or seller’s market? Let’s dive into this topic deeper to understand how economic issues affect the housing market.

Buy? Sell? Rent? Keep? card with sky background

Understanding the Difference Between a Buyer’s and Seller’s Market

When determining whether we are in a buyer’s

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