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5 Steps To Successful Property Investment
When looking to invest in property it’s always important to take a structured approach to ensure you get only what you are looking for. Over the years I’ve developed the following structure and I’ll always stick to it so that I know I have done all...
Baby Room Decorating V Nurturing - Head to Head
When decorating baby rooms and children spaces there are many
considerations to take into account to satisfy your need to
create the "WOW" factor. There are color choices to be made,
paint techniques and finishes to be decided on, the needs of...
CCTV for the Home
Securing your property is one of the growing domestic issues in the UK today. Some research suggests that at least one home is broken into every minute. Therefore, protecting homes and properties has become a priority and the advent of Closed...
Garden Sheds - More Than a Storage Area
You may already have a garage or a shed in your garden or backyard and its possible that you haven't even considered the prospect of adding a garden shed at all. Any garden implements could easily be stored in the garage or utility area. However,...
Stop Dreaming! Magically Transform Your Garden By Night
(ARA) – It’s cold in most areas of the country, but those of us who love our gardens can’t help but dream of the spring, when we can spruce up our homes with color and life.
We take pride in our gardens, spending thousands of dollars making...
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Buying Foreclosed Properties: Important Pitfalls
Many people have started looking at foreclosed properties as a new, cheap real estate investment. Properties at foreclosure sales often sell at a substantial discount, so you can get a very good deal in many cases. There are several problems you have to watch out for, however, so be careful.
First, you need to know the status of the liens on the property. You can’t just go in bidding and expect that you’ll come out owning the property - you need to know who has initiated the sale and what your state law is regarding junior and senior liens. Many houses don’t just have a single mortgage - they will have been used as security for multiple debts. A lot of would-be investors get burned this way - they buy a house for what they think is a good price, only to find out that there is still a large debt outstanding which they either have to pay or lose the house to yet another foreclosure sale. You’ll need to do a title search to find out whether there are any other loans, and you need to be familiar with state law on this subject.
Second, you should watch out for houses
which you know nothing about. Don’t just rush in bidding based on the listed information - that’s the biggest newcomer mistake. You need to know something about the property and it’s condition - remember, the current person living there has just lost their house. They often don’t think twice about damaging it, and their anger at the bank can result in financial losses for you.
About the Author: Teve Torbes makes up stuff and then claims he knows everything. Ask Mark if you don't believe me. He has web sites, including http://www.fleascontrol.com/dog-fleas.htm, and its less impressive relatives, http://www.fleascontrol.com/cat-fleas.htm and http://www.fleascontrol.com/flea-treatment.htm.
Source: www.isnare.com
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