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Differences Between A Short Sale And A Foreclosure

February 5, 2019 by Robby Oakes

If you’re looking to get an untraditional deal on a new home purchase, you may encounter either a short sale or a foreclosure. These two terms refer to sales that are not usual. As a homebuyer, it’s important to understand the differences between them and how each one might affect your buying experience.

Filed Under: Real Estate Tagged With: Foreclosure, Real Estate, Short Sale

5 Creative Ways To Buy A Foreclosure

November 15, 2018 by Robby Oakes

Foreclosures give homebuyers the opportunity to get great deals. While foreclosures can save you thousands of dollars, it may come with risks. Having a stomach of steel can help when pursuing a foreclosure.

Filed Under: Real Estate Tagged With: Budget, Foreclosure, Real Estate

Buying A Foreclosure: 5 Things To Know

June 12, 2018 by Robby Oakes

Buying a property out of foreclosure can be a very smart move, financially. But it can also be complicated, expensive, and stressful.

Filed Under: Foreclosure Tagged With: Foreclosure, Property Inspection, Real Estate

Pros And Cons Of Buying A Foreclosure

June 5, 2018 by Robby Oakes

When a homeowner stops making regular mortgage payments, the bank can foreclose on the property. This means that the bank takes possession of the property in an attempt to recover the debt the homeowner owes. In some cases, the bank may try to recover this debt by selling the property at auction. In other cases, the bank will simply list the foreclosed home for sale.

Filed Under: Mortgage Tagged With: Foreclosure, Mortgage, Pre-Approval

When Can You Buy Real Estate After Foreclosure?

February 8, 2013 by Robby Oakes

If you lost your home due to foreclosure, you probably haven’t given up on the dream of owning a new home. The good news is that a number of guidelines have changed which may allow you an opportunity to buy that new home sooner than you think.

Filed Under: Personal Finance Tagged With: Foreclosure, Home Financing, Short Sale

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