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foreclosure: After Foreclosure - Can You Buy Another Home? - 01/28/11 12:55 PM
If you are one of the millions of families that lost their home in the last couple of years to Foreclosure… you might think…
Been There – Done That
You might not want to own a home again! 
But if you’re one of those folks who truly does want to purchase again, here’s some potentially good news.
USDA says that they will allow you to purchase a new home to owner occupy, after foreclosure if you’ve done the following things:
Wait 3 years from the date of the Foreclosure. Re-establish Credit Have Credit Scores that meet the guidelines (as of the … (57 comments)

foreclosure: What I'm Reading About today.... - 01/19/09 03:18 PM
Paul Krugman says be SKEPTICAL of the new ideas regarding Troubled Assets (mortgages)!!
 
 I read this about house prices, and didn't get it...
until I watched the video and looked up ROFLOL (Rolling on the Floor Laughing Out Loud).
House prices, in some areas, still have quite a ways to DROP.
 
Have you looked at the New Housing Bills that will be debated later this week?
Here's a pretty good consolidation of the Bills... We should be watching these.
  
And that's what I'm reading today, besides the weather forecast!... It's suppose to S-N-O-W here tomorrow!  HotDawg!
-E.
… (8 comments)

foreclosure: Financing Options For Purchasing Foreclosure Property - 11/06/08 11:32 AM

THIS IS AN UPDATED POST... See $100 Downpayment Change!!!
There are tons of people who know that we are at or near the bottom of the real estate market, and they are ready to purchase a home.  Many of the folks we are talking to are looking at foreclosed property, because they believe they can get the best deals. 
There are some special points you should remember:
Many Banks will not finance manufactured housing.  We have Investors that do - however, there are restrictions.  If you are considering a mobile home, foreclosure, please tell your mortgage lender about the … (10 comments)

foreclosure: When The Option Is: Refinance or Sell - 05/28/08 05:19 PM
Gas is now over $4.00 a gallon, and the Raleigh SPCA just announced it's at capacity because people can no longer afford to pay for their pets.  It's a sad time.
And it's no longer something that's just happening in California... or Ohio... or Florida.  It's hitting home here in the Triangle where families were already walking a fine line living on credit cards to go on vacation.  The little bit of money Dubbya sent - barely made a dent for some folks.
If you are one of those people who had an adjustable rate mortgage, you're also trying to balance … (6 comments)

foreclosure: Sucks If Your One of the Seven - 10/26/07 03:02 PM
An interview just done at 2:30 est on Bloomburg with the CEO of Equafax - would suggest that the "subprime" past due, foreclosure mess is really only in 7 states.  I found this pretty interesting, and HOPEFUL, since I don't happen to live in Cary, NC and we are NOT on his list!
 http://www.bloomberg.com/apps/news?pid=email_en&refer=&sid=afKHVTwhZ3hw
… (2 comments)

 
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