buyer: March Real Estate Newsletter
- 03/06/10 03:14 AM
March Newsletter March 2, 2010 Real Estate Terminology for First Timers First time buyers face a learning curve that can feel overwhelming if the right level of support and education is not available. It’s not enough to merely educate one’s self on buying strategies, mortgage application, and closing process. Buyers must also navigate through a sea of unfamiliar legalese, home building lingo and real estate specific jargon. The glossary below is by no means complete and is no substitute for the careful guidance of an experienced real estate agent, but it can serve as a good primer for consumers getting their … (1 comments)
buyer: What is foreclosure?
- 02/28/10 12:44 PM
Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice or a lis pendens (Latin for “lawsuit pending”) – depending on the state. The default notice is a public record, and for buyers it’s the first step in locating a property in foreclosure. The foreclosure process can end one of four ways: 1. The borrower/owner pays off the default amount to reinstate the loan … (0 comments)
March Newsletter March 2, 2010 
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