banks: What to Know Before Buying a Maplewood, MN Foreclosure
- 06/21/11 10:23 AM
If you’re considering purchasing a foreclosure in Maplewood, MN, you should be prepared for the fact that the process will be very little like a standard home purchase. Even if you’ve purchased a house in the past, this article lists some differences that are helpful to know about buying a foreclosure. First off, foreclosures have gotten a bad reputation as being the unkempt, run-down homes in the neighborhood. And this reputation is not entirely undeserved – many foreclosures are in less than ideal condition due to their owners leaving them and proper maintenance not being done. However, a large percentage of … (0 comments)
banks: Foreclosures in Woodbury MN Not Slowing Down Anytime Soon
- 05/12/11 06:30 PM
If you're thinking of buying a foreclosure in Woodbury, MN or surrounding areas, it seems you'll have your pick for a while. According to a an insightful article on CNBC about foreclosure delays across the nation, while the rate of foreclosures is the lowest it's been in over 3.5 years, that's probably only because the banks have been slow in bringing all owners in default through the actual foreclosure process. Diana Olick of CNBC even interviewed the CEO of RealtyTrac, a company that closely monitors foreclosures throughout the nation, and he said it might take some loans 3-4 years to move … (2 comments)
If you’re considering purchasing a foreclosure in Maplewood, MN, you should be prepared for the fact that the process will be very little like a standard home purchase. Even if you’ve purchased a house in the past, this article lists some differences that are helpful to know about buying a foreclosure.
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