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Getting Started in Real Estate!
A Single’s Game of Real Estate
(Getting started in your twenties)
By Dan Auito
This discussion leans toward answering questions asked most often by our youthful men and women in there early twenties. They often begin to ask themselves the...
Home Selling Guidelines Which Can Enhance Your Property Value
Home is the most important place for any human being. One feels most comfortable being at home. It gives a sense of security to the owner. You go east or west but will feel at ease at your home only. So, why not to choose the best for you and your...
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...
The Final Walk Through
So you've bought a house. The paperwork is signed and in order, and all that remains is your final walk through. Wait! Your job isn't over.
The final walk through can be a crucial step in the home-buying process. While it's true that home...
Why You Should Consider Staining Your Concrete Floor
Acid staining can make a common concrete floor into look like
expensive natural stone flooring. Not only is it a fraction of
the price, but for people allergic to carpeting materials it's a
godsend. Another great application is in houses with...
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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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