Sentences with phrase «purchased as a foreclosure»

Welcome to my country home... We live in the country in a traditional ranch which we purchased as a foreclosure three years ago.

Not exact matches

The other way to make money by purchasing foreclosures for investment purposes is to sit on the property as a rental instead of selling it outright.

FHA loans include purchase loans, home construction loans, and streamlined refinance loans insured by the Federal Housing Administration; as well as loans for «special» FHA programs such as Back to Work, which allows for recent bankruptcy, foreclosure, or short sale.

Provide innovative services, facilitate flexible lending products and offer a reliable, consistent process as our goal to be an invaluable provider of home buyer services and training; Afford to our client home buyers comprehensive, pre - and post-purchase education, foreclosure prevention counseling and resources when they are ready to purchase, rehabilitate, insure and maintain their home, and; Develop unique financial fitness programs to help home buyers make smart financial choices and manage their resources wisely.

Before you commit to purchasing a home as part of a short sale, be sure to consider the fact that a foreclosure on the property is still possible and that short sale properties often turn out to have a lot of structural and other problems upon inspection.

The presence of a short sale or foreclosure does not preclude eligibility for a loan, as long as the borrower is up to date on their payment, there is no waiting process to purchase a home following a short sale.

Your foreclosure days will become a part of your distant past as you continue to improve your credit score while looking forward to your next home purchase.

AND, the Servicer has (1) informed the consumer of their rights and options (2) worked with the consumer to exercise their rights and options (3) together with the consumer determine the consumer is unable to exercise any option to avoid foreclosure (such as selling or purchasing the property).

Although HUD owns these homes as a result of FHA loan foreclosures, you can still qualify for an FHA loan to purchase a HUD home as long as you have never defaulted on an FHA loan.

Instead of resorting to foreclosure, the homeowner's lender might advise him to quickly sell his home, most likely to an investor who will purchase the property as - is at a reduced price.

We are well - prepared to assist you efficiently and effectively whether you are renting an apartment, purchasing a house, establishing a business, planning your financial future, defending yourself and your loved ones from foreclosure, contemplating a divorce or fighting for fair compensation for a personal injury or as a result of civil litigation.

I was involved in a real estate transaction where my client was buying a foreclosure from a bank that purchased the property at auction as the high bidder.

Prospective buyers should contact a specialty lender to learn more about the foreclosure auction process as well as the different loan solutions for various real estate purchases.

It was a foreclosure we'd purchase as a rehab project, but 2 days after signing the contracts we were contacted by a buyer who wanted the property so bad he was willing to net us 5K after all closings.

He is a frequent speaker on topics such as business formation and development, establishment of estate plans, short sales, foreclosure prevention, predatory lending, collections enforcement and the purchase and sale of a home.

The Broker also serves as the president of eCounty Foreclosures, Inc. («eCounty»), an entity used to purchase properties at foreclosure sales.

Also known as interim financing, gap financing, or short - term financing, a bridge loan can be used in many ways: to provide immediate cash for quick closings; to make an advantageous purchase; or to help a borrower avoid a default or foreclosure.

Many foreclosures are purchased «as - is.»

Provide innovative services, facilitate flexible lending products and offer a reliable, consistent process as our goal to be an invaluable provider of home buyer services and training; Afford to our client home buyers comprehensive, pre - and post-purchase education, foreclosure prevention counseling and resources when they are ready to purchase, rehabilitate, insure and maintain their home, and; Develop unique financial fitness programs to help home buyers make smart financial choices and manage their resources wisely.

Foreclosures are routinely purchased «as is,» which means you can not go back to the seller for repairs.

The U.S. Department of Veterans Affairs also offers foreclosure properties which can be purchased directly from the VA often well below market value and with a down payment amount as low as 2 percent for owner - occupants.

While in some stages you'll have the opportunity to inspect a foreclosure property prior to finalizing the purchase, these homes are typically sold as - is; that means no repairs can be requested as a contingency of the sale.

One of the requirements is the completion of a Home Buyers Education Course, as well as the following stipulations: • Minimum credit score 640 + middle score • Income limits and purchase price limits do apply • First time home buyer requirement applies to all borrower -LCB- s) and spouses • No cash back at closing • Co-signers are not permitted • Owner - occupied, 1 unit properties • Town homes or Condos (Condos must be prior approved) • New construction or foreclosures okay

Handling purchase transactions which involve bank owned foreclosure sales are not limited to merely standard bank owned properties, and as I am sure you will all agree, each of us have handled our fair share of FHA property disposition cases.

The problem: A property such as a foreclosure is listed «as is,» and the buyer must accept responsibility for repairing any defects — usually major and costly — as a condition of purchase.

- Foreclosures are routinely purchased «as is,» which means you can not go back to the seller for repairs.

-LSB-...] the real estate investors who specialize in purchasing HUD foreclosures would be a great resource as well.

Ryan mentions that Facebook founder Mark Zuckerberg may have purchased a home in California; Ryan reviews the economic events of the prior week; Ryan notes that interest rate are still heading down; Ryan notes that the DC real estate market is competitive on the buy and rent sides and that would be renters in the DC area are turning into would be buyers; Louis notes that the DC housing dynamic is different from the rest of the country where housing prices are down and there is plenty of inventory; Louis notes that if it is cheaper to buy than rent that it makes sense to get a long term low interest rate loan; Louis talks about the benefits of visiting HomeGain.com; Louis discusses the HomeGain FSBO vs. Realtor survey and the advantages of hiring a REALTOR; Louis and Ryan discuss the HomeGain home improvement survey and recount the types of home improvements that provide the best return on investment; Ryan and Louis talk about pricing strategies for selling a home; Louis and Ryan discuss the differences between pricing a short sale and pricing a non short sale home; Louis notes pricing a home too high may keep the home on the market a long time and that the more days a home is on the market makes a home look like damaged good; Ryan describes short sales as foreclosure avoidance and discusses the impact of each on FICO scores; Ryan talks about the options that people with underwater mortgages have; Louis mentions that 72 % of home buyers and sellers pick the first real estate agent they meet and points out the value in comparing agents first using HomeGain's Find a REALTOR program; Louis can Ryan discuss the level of shadow inventory the impact on sellers as more inventory gets released;

We purchased our home in 2010 as a foreclosure.