Anne Peterson of The Peterson Team

As Craig said, this usually means that the bank carries the note/ finances the mortgage. I was unable to open the clip so I couldn't listen to all Trump had to say.
States have either mortgage or deed of trust laws. There isn't a whole lot of difference except in how foreclosures are handled. There are states where local banks may deal directly with a buyer, but usually the larger banks have a property department that contracts with real estate brokerages to market the properties they have in inventory.
There are still programs in place to help the buyer with little money buy a home, but credit scores must meet minimums regardless. There are first time buyers, FHA and here in North Carolina some of our areas qualify for USDA funding.
I'm not sure why Trump thought there was a big advantage to the bank taking back paper - perhaps he meant that you might get a better deal if you financed with the bank. I do know that some banks and financial companies have preferred lenders and will cut a better deal for a property if you use them, but that may not always be the best deal.
If you are unfamiliar with buying foreclosed homes it is best to work with an experienced real estate agent who can help you find properties and explain all the ins and outs of buying this type of property.
I hope this helps answer your question. - Fri Mar 20 2009, 11:24

Yes, if you are coming from Old 601 onto Siloam, Ashley Lane is a left turn just after Creed Rd. - Fri Nov 7 2008, 10:41

It depends alot on the circumstances. Usually you look at homes with an agent, find your home, get an offer accepted, go to closing and the agent collects a commission from the seller. There are circumstances where the buyer agrees to pay commission to an agent who is working exclusively for them,but that is not as common.
As to closing costs, there are various costs involved that depend on things like whether you are financing . Usually both the buyer and seller each have certain closing costs, but some of these can also be negotiable.
The best thing to do is find an agent you are comfortable with and who is willing to take the time to explain the whole process to you. - Fri Oct 17 2008, 18:31

Marion - you might want to drive around and look for other areas that have similar contours but better looking driveways. Then ask someone who did the concrete work. Look for driveways that have been in place for a while. If the homeowner tells you the drive was there when they bought it, get the name of the builder and find out who they use for concrete work.
You need the adivce of someone who is experienced and does great work and who can give you some realistic options.
Good luck! - Tue Sep 2 2008, 08:24

That's a tough question and depends on where in the process the borrower is and who the lender is. Generally, 2-6 months is probably the norm. Anyone who has been unable to make payments and has been served with a foreclosure notice should try contacting the Loss Mitigation dept of their lender to see if something can't be worked out as far as getting payments lowered so they can keep the house. If they have a lawyer, they might talk to him/her and see if they can help. Barring all that, start looking for alternate housing immediately as it usually takes time to find a suitable rental, pack and move. I hope this helps. - Sat Aug 23 2008, 06:56