If a homeowner defaults on his mortgage long enough, the lender may send the home to auction. This final step in the foreclosure process sells the home to the highest bidder. The process takes a long time and is risky for buyers, but it can work out for everyone in the end.Get Matched with a Lender, Click Here.Just how does it work? Keep reading to find out. Defaulting … [Read more...] about Understanding House Auctions
Real Estate Contract Expired: Now What?
Selling your home is a big move. Doing it alone is scary and overwhelming. Listing it with a realtor gives you the support and knowledge you need. Agents help sell homes faster and for higher prices. It sounds perfect. But how long does the contract last and what happens when it expires?Get Matched with a Lender, Click Here. The Listing Contract You might feel overwhelmed … [Read more...] about Real Estate Contract Expired: Now What?
Is it Risky to Buy a Foreclosed Home?
Buying a foreclosed home could net you a great deal. But is it risky?It depends on the situation. Some foreclosed homes are ideal. They are in great condition and were just a circumstance of bad luck. Others aren’t so pretty. They are in complete disrepair, won’t pass an appraisal, and need a ton of work.Get Matched with a Lender, Click Here.Keep reading to learn … [Read more...] about Is it Risky to Buy a Foreclosed Home?
How to Make an Offer on a House without an Agent
Buying a house doesn’t mean you have to be represented by a real estate agent. Some people just prefer to handle things on their own. Even though a real estate agent may have access to listings sooner or can handle your offer for you, it’s still doable on your own.Before you set out to bid on your dream home, though, know the steps of making a correct offer so that you … [Read more...] about How to Make an Offer on a House without an Agent
What is the Fannie Mae HomeStyle Loan?
Fixing up your home or a home you want to buy can be expensive. What happens if you don’t have the cash lying around to do it? Are you stuck with a home equity loan or expensive personal loan? Fortunately, Fannie Mae, the guarantor of conventional loans, offers a rehab loan. The Fannie Mae HomeStyle loan helps you purchase or refinance a home while getting funds to make the … [Read more...] about What is the Fannie Mae HomeStyle Loan?