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Disclosure of Information on Foreclosure Listings

  #ForeclosedHomes #ForeclosedProperty #DistressedProperty #DistressedHome #PropertyTips The majority of distressed properties are occupied by individuals or couples in residential contracts with their lender to purchase a property.  I'm assuming this for several reasons. The first is that most distressed homes are sold "As-Is." They are bought with only a mortgage State". Secondly, many distressed home sales are made short sales". This means the homeowner has tried to contact their lender via servicing statements or other documentation. They've made references to their accountability period and final determination date. They've tried to get other agencies to assist them, such as a HUD counselor, but those agencies are also out of service. If your bank is a non-traditional lender, they are likely to have an occupancy mandate with homeowners they buy a distressed home from. This means they're not going to be doing any short sales, distressed sales, or
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How to Get Started With Real Estate Investing

#RealEstateInvesting    #RealEstateInvestor    #MentorTips  That was a bold statement for sure, and I know it is a challenge to follow it. However, it is really not that hard to put it to work for you if you have the education, understanding, and resources to do so. Below are several strategies and suggestions that should help you succeed. First and foremost, seek out great investing mentors. When seeking out a mentor, you should know the criteria for an excellent mentor. Mentors should have worked in their field for at least two years or longer, be financially secure and able to work full time in the field of their choice, preferably in your industry, be someone who is already making money, and know what success looks like. You should build your relationship with your mentor by going into a local bar, chat, or phone call every few weeks to make sure you are not on the same page. A lousy mentor could drag you down and take away from your learning because your mentor didn't show you
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Things You Should Know About Amortization Loans

#MortgageSolutions #Amortization #Loanos #BankLoans #MortgagePayments  Buying a house is never-the-less an essential step in establishing a household. Mortgage Basics According to Mortgage Banker Journal's article on the state of the mortgage market, mortgage rates are still significantly lower than they were six years ago and have still been lower than 2006 levels. With mortgages being an essential step in buying a house, it is necessary to understand the basics of property financing and how the purchase will improve your financial situation. Here are some basic mortgage facts to get you started. What type of financing will you get? The most common type of mortgage is the amortization loan. The amortization loan is the most common type of financing in the United States because it is straightforward to obtain. You can use the funds from the amortization loan to purchase the property you want. It is also essential to understand that the payment for the mortgage loan includes the pr
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