Foreclosure: What is it? And How To Avoid It
Posted by admin on Aug 15, 2008
To understand the foreclosure process one must know what it is first. So what is the definition of foreclosure? Simply put, the foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to [...]
Negative Mortgages
Posted by admin on Aug 15, 2008
The idea of being upside down on a vehicle is not that new. This commonly occurs when a consumer makes the decision to purchase a new vehicle before they have paid off their existing vehicle. As a result, the balance of the loan on the existing vehicle is added to the note for the new [...]
Residential Mortgages (Part 1)
Posted by admin on Aug 15, 2008
Choosing a residential mortgage in today’s market can seem like a daunting task. The borrower can be faced with a myriad of choices. Each lending institution presents their respective claims to the enquiring borrower in an attempt to entice them to use their residential mortgage product. Each one assures the borrower that [...]
Selling Property Online - FSBO website or with Estate Agents?
Posted by admin on Aug 14, 2008
There are two options when you have made the decision to sell your home. You can either go with tradition or employ an Estate Agent or you can now go along the route of selling your own property. Both options have their pros and cons!
If you decide to sell via an Estate Agent then here [...]
What is a Building Society?
Posted by admin on Aug 14, 2008
A building society is a financial institution much like a bank, except that it is owned by its members and not by shareholders. Apart from that there are very little obvious differences between them, especially these days.
Originally, building societies were set up to enable each of their members to purchase their own home. All the [...]
Hard Money Loans - The Answer to Your Problems?
Posted by admin on Aug 13, 2008
These days, nothing in our economy is certain. In reality, many people and businesses are still in good financial shape, but for many others things have gotten quite a bit more difficult in recent times. Some people have had to close their businesses, and been foreclosed upon. Unfortunately sub-prime mortgage loans have gone the way [...]
Get the Truth About Choosing Bankruptcy to Stop Foreclosure
Posted by admin on Aug 13, 2008
Is filing bankruptcy my only option for avoiding foreclosure? In some instances, the answer would be yes. When you have tried everything else - talking to your mortgage company, trying to negotiate a payment system, refinancing, and borrowing against the equity in your home - it may be time to think about filing bankruptcy.
If your [...]
Property Taxes
Posted by admin on Aug 12, 2008
Many homeowners have been taken by surprise when the value of their home suddenly seemed to hit freefall. However, it would certainly seem as though there should be one advantage to dropping home prices. Many homeowners assumed that when the value of their homes fell, their property taxes would as well. This has not [...]
Mortgage Slump
Posted by admin on Aug 12, 2008
Back when the housing market was still booming, many homeowners took advantage of the opportunity to renovate their homes. At the time it certainly seemed to make sense. Interest rates were low; loans were usually easy to obtain and homes were selling like hotcakes. Therefore, many homeowners easily made the connection that it was the [...]
Greenspan Says Housing Nowhere Near Bottom - Could That Mean It’s Time To Buy
Posted by admin on Aug 12, 2008
Everyone knows the housing market is in the dumps. For sellers that hurts. For buyers it could be an ideal time to get serious about buying a house. But here is the question. When is the right time to buy? Those who follow the 5 simple steps outlined below will be prepared to buy a [...]
