Buying a home at foreclosure auction or from a lender post-foreclosure is a very hot topic these days. And where there’s widespread popular interest in a complicated, poorly understood aspect of life involving lots of money, the scam artists are quick to set up shop. It seems there are hundreds of web sites featuring photos [...]
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Home Buyer Tips
When I looked on-line today, there were over 61,600 search results in Google about the search phrase “$8,000 tax credit for first time home buyers”. There’s bound to be a lot of hits within those results concerning other tax-related content. But even if only a small fraction of those search results actually concern the newly [...]
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The Internet is a great source of information and makes it easy to compare products, services and prices. But you can encounter a hidden risk when you evaluate competing mortgage loans on-line: a lot of the mortgage websites you visit really are secret “stealth” sites that exist solely to generate mortgage leads. Mortgage “stealth sites” abound [...]
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There’s seems to be some confusion about what the phrase “as is” means in practical terms in a real estate sale. You’ll see “as is” with an increasing number of listings on the MLS as more and more homes are hitting the market either as short sales or as REO sales. Here’s what an “as [...]
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There are many “short sales” listed on the MLS in Massachusetts. Some buyers hear “short sale” and assume they’ll get an outrageously advantageous sale (as suggested by the photo above). But a short sale itself does not guarantee good deal for buyers. Just because the owner owes more on the property than the home is [...]
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You don’t need 20% down to buy a home, even with today’s tight credit standards. FHA loans (administered by the US Department of Housing and Urban Development) are a very popular choice for home buyers because they require only 5% or even 3.5% down! Here are some of the advantages of FHA loans: Low Rates [...]
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