You Don't Buy a House, You Buy the Neighborhood... - 08/26/10 05:03 PM

I bought my house after it had been abandoned for 2 years, with the soul intention of fixing it up and selling it. I half-heartedly listed the house on the market last month. I was never meant to stay in the house or the area for that matter. I'm originally from Concord and had every plan on returning back there as soon as the house was renovated and sold. However, I made the mistake of breaking the #1 rule when it comes to flipping a house - "Never move into the house."

I was about 6 months into renovating … (0 comments)

Don't House Flippers Deserve A Profit? - 08/18/10 11:23 AM

From my experience, when you buy a property from the bank that has been abandoned for over a year I think flipping it is a service to the community. The object to flipping a house is to improve both the inside and the outside, so you raise the value of the house as well as the value of the neighborhood. Everyone profits, it's a win - win for the area!
 

Via Karen Fiddler Broker/Realtor (Great Western Realty Group/eVantage Real Estate):
I was out with a home buyer. This was not their first time, we had sold their home a year ago and they have been … (2 comments)

We Have your payments, but we're taking your home anyways....8 MONTHS LATER - 08/17/10 03:14 PM
This sounds just like something Everhome Mortgage Company is also trying to do...  Are mortgage companies trying to take houses that have a lot of equity by setting people up to fail from the start?

This lady received a letter from Everhome on November 18, 2009, letting her know that she should make arrangements to go on a temporary 6-month Forbearance Agreement when her mortgage transfers to Everhome at the beginning of the year to defer her payments, because her mortgage will go up about $400. when her taxes are escrowed into the new mortgage.
She was informed by Everhome that she should complete President Obama's Making Home Affordability Modification program for a permanent solution to this … (0 comments)

 

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