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How to Find the Best HELOC Rates and Terms

Many HUD foreclosure investors get the money for a down payment by taking out a HELOC or home equity loan on their primary residence. Here's a useful article about choosing a HELOC lender: How to Get the Best HELOC Rates and Terms. It gives a very solid description of what to look for when taking out this type of loan.

Be sure to pay particular attention to the part on understanding a HELOCs margin - that's the most important part of choosing a HELOC.

Posted by R Beck on 02/29/2008 04:06 PM

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HUD Stops Broker "Kickback" Programs

R Beck (HUD Auction Watch)

For the past three months, HUD was offering a $500 incentive to brokers who sold HUD foreclosure homes to bidders using FHA-insured financing. Now, under criticism that the incentive may constitute an illegal "kickback, " HUD has decided to…

Where to Find HUD Homes for Sale

R Beck (HUD Auction Watch)

Foreclosure buyers often have a hard time of finding HUD homes for sale That's because HUD does not publish one single database of foreclosure listings. Instead, they contract with individual listing companies in each state. Each state…

HUD Foreclosure Guide

R Beck (HUD Auction Watch)

A lot of buyers don't know much about bidding on HUD foreclosure properties. That's why I wrote the HUD Foreclosure Guide The guide walks buyers (and their agents) step-by-step through HUD's unique bidding process. HUD auctions off…

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R Beck

Provo, UT

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February 2008 (4)

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