Tips For Buying Foreclosure Properties - 09/23/08 05:24 PM
Foreclosed houses are everywhere you turn in this market. But while their sticker prices are low, buying one can be a risky endeavor. This is mainly because you won't have the same protections as you would for a conventional house.
From Consumer Reports magazine, here are four ways you can protect yourself if you're in the market for a foreclosed home:
1. Don't pay a fee for property listings. You can find free information on foreclosed homes in your area by checking with a local agent. Usually there will be someone who specializes in foreclosed properties at the broker's office. This … (1 comments)

Why Now Is A Great Time To Buy A Home! - 09/09/08 05:59 PM
According today's Real Estate News, now is a particularly great time for first-time buyers, or buyers long out of the market, to jump in.
Here's just a couple of reasons why:
Prices are probably as low as they are going to go as the market stabalizes, thanks to the government takeover of Fannie Mae and Freddie Mac. Interest rates are likely to decline as Freddie and Fannie get government help. Minimum down payments required by FHA will raise on October 1, 2008 from 3 % to 3.5%. People scraping dollars together for a down payment should try to set their closing for the … (0 comments)

 
Pamelyn

Pamelyn Meller, CDPE (Certified Distressed Property Expert)

Marshall, WI

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