If your strategy is to buy and rent property as an investment, Fannie Mae has a few thousand homes theyâ€™d like to sell you.Â Small-time real estate investors â€” those of us who own roughly
1. Remove clutter and clear off counters. Throw out stacks of newspapers and magazines and stow away most of your small decorative items. Put excess furniture in storage, and remove out-of-season clothing
Not all real estate practitioners are REALTORSÂ®. The term REALTORÂ® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORSÂ®
If the Portland Maine real estate that you own in is danger of foreclosure and even with a home loan modification, you cannot make the payments. What will you do? There is a program called the Home
Please contact me at firstname.lastname@example.org if your home is going into foreclosure.Â I can walk you through the process ofÂ selling your home as a short saleÂ prior to foreclosure.The lender would prefer
you need to get a lawyer and quickly. There are lots of angles here and you need someone who can really review your situation carefully. You say your name is on the mortgage, but is it on the deed to the property? If the bank forecloses on the property, they might forgive the debt and then the IRS could still come after you for the money owed. Lawyers aren't cheap but this is a situation that needs an expert to look it over and give you your best course of action.... more
All too many times we have seen people struggle unnecessarily because of a lack of understanding about the foreclosure process here in Maine. We have seen homeowners move out of their homes after receiving
Title Companies can be a joy or a terror to work with when it comes to short sales.Â And anyone whoâ€™s been in the business any amount of time will tell you that not all title companies are the
Sure any seller can do anything the want till a sales contract is executed. Happens anytime you deal with bank there is drama not due to listing or buyers agent. We recommend to our clients keep moving on if situation happens like this.
National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
I hate to sound trite, but ALL foreclosure auctions are ending up as REO...where the bank is buying back and taking huge write downs. After the auction, the Foreclosing bank takes ownership immediately (if there are no bids which is the case 99.9% in the current market). The property is then assigned to a local Real Estate Broker who is in with Fannie Mae or Freddie Mac. My office specializes in listing these properties. I can provide you with some info or a list of Bank Owned Properties if you would like to call me at 207-400-4413.
You want to get these properties AFTER the auction for the BIG discount.
Regency Realty Group
762 Main Street
South Portland, ME 04106
You can find the same information by going to your local county or city courthouse and going through the land records. You can find properties on which back taxes are owed, ones that have liens on them by the county or city, and so forth. The TV infomericals simply tell you how to track it down more easily. However, the great deals are few and far between. Yes, you can buy some property for as little as a few hundred or few thousand dollars, but the improvements are likely to be condemned, and the land itself may be land-locked, or in a flood plain, or in some other way undesirable. But, like I said, all that information is publicly available from your county or city.
If you want to get the "How to Make a Million in Your Sleep" kits inexpensively, go to Ebay. Lots of people sell the programs they bought there; I've gotten some good deals on them. You ought to be able to save 50%-80%, on average.
Having said that, the programs/kits generally are accurate as far as they go, but they usually don't give you enough information to complete the whole transaction. So, if you buy directly from the infomerical, make sure there's a real guarantee: Not: "Try this for 30 days and if you can document you've tried our system and it hasn't worked for you, return it for a refund." Instead: "No questions asked 30 days guaranteed refund."