Richard McDeid's (ourhome) Blog

By
Real Estate Broker/Owner - Our Home Real Estate

ARCHIVED BLOG POSTS

2007 

Buying Your Home - Lease Options What is a lease option? When a renter signs a lease with an option to purchase a property for a specific price within a certain time frame, that is called a lease option. In most lease-option situations, a portion of the rent is applied to a future down payment. ...
10/19/2007
Buying Your Home - Tenants-In-Common and Co-ops Where do I get information on co-ops? For information on co-operative housing, contact the National Association of Housing Cooperatives, 1401 New York Avenue Northwest, Washington, D.C., 20005-2160; (202) 737-0797. Can a co-owner force someone off ...
10/19/2007
Buying Your Home - Insurance What kind of home insurance should I get? A standard homeowners policy protects against fire, lightning, wind, storms, hail, explosions, riots, aircraft wrecks, vehicle crashes, smoke, vandalism, theft, breaking glass, falling objects, weight of snow or sleet, collap...
10/19/2007
What about buying a foreclosure "as is"? Buying a foreclosure property can be risky, especially for the novice. Usually, you buy a foreclosure property as is, which means there is no warranty implied for the condition of the property (in other words, you can't go back to the seller for repairs)....
10/19/2007
What are problems buying foreclosures? Buying directly at a legal foreclosure sale is risky and dangerous. It is strictly caveat emptor ("Let the buyer beware"). The process has many disadvantages. There is no financing; you need cash and lots of it. The title needs to be checked before the purc...
10/19/2007
Where can you find foreclosed HUD homes? The U.S. Department of Housing and Urban Development acquires properties from lenders who foreclose on mortgages insured by HUD. These properties are available for sale to both homeowner-occupants and investors. You can only buy HUD-owned properties throu...
10/19/2007
Where can you find foreclosures? In most states, a foreclosure notice must be published in the legal notices section of a local newspaper where the property is located or in the nearest city. Also, foreclosure notices are usually posted on the property itself and somewhere in the city where the ...
10/19/2007
Can I get a HUD home for as little as $100 down? If you are strapped for cash and looking for a bargain, you may be able to buy a foreclosure property acquired by the U.S. Department of Housing and Urban Development for as little as $100 down. With HUD foreclosures, down payments vary depending ...
10/19/2007
What types of foreclosure are there? Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on property requests a court- supervised sale of the property to cover the unpaid balance of a delinquent debt.  Nonjudicial foreclosure is the process of sellin...
10/19/2007
Buying Your Home - Foreclosures Are foreclosures an option? A foreclosure property is a home that has been repossessed by the lender because the owners failed to pay the mortgage. Thousands of homes end up in foreclosure every year. Economic conditions affect the number of foreclosures, too. Man...
10/19/2007
Rainer
13,582

RichardMcDeid

local_phone(763) 443-6680
smartphone(763) 443-6680
Contact The Author