Archive for the ‘Mortgage’ Category
The dismal headlines are coming rapidly in the financial and popular press outlets suggesting that the credit crisis is intensifying. The real estate market is a key sector contributing to the economic downturn in the U.S. economy. Millions of homeowners have lost their houses and face bad credit ratings due to bank foreclosures. Yet, this fact remains: you can buy a house after losing your home to foreclosure. Read the rest of this entry »
Posted in Advice, Ask An Expert, Credit Repair, Foreclosure, Loans, Mortgage, Personal Finance, Real Estate | 
Tags: after foreclosure, buying a home, FSBO, lease-option, purchase agreement, renting | 
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Foreclosure on a house can be a very psychologically difficult experience, and it’s going to hurt the credit score almost as much as a bankruptcy. Foreclosure might not have the pull that bankruptcy or credit repair after bankruptcy does, but if you go through foreclosure you will still need to fix bad credit and you will probably want to obtain help from a company that specializes in credit report repair services. Read the rest of this entry »
When a person fails to pay the monthly mortgage installments, his home in question comes under foreclosure and such foreclosure homes are sold by banks, lenders or government agencies to collect the debt. Such foreclosure homes can be purchased by others and the buyer gets a chance to save anywhere from ten to fifty percent off the market value, which is incomparable to any other profit on real estate. Read the rest of this entry »
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