29th June 2009
If you are a first time home owner you have to be aware of a lot of things before you venture into property purchase. Here is a look at what you should know before you get into the property purchase process:
Purpose of Purchase – You should fully a...
29th June 2009
Bankruptcy is a situation where your are unable to meet your expenses as your incomes is less than your expenses and you have overwhelming debts to pay, but you simply cannot cope. When you file for bankruptcy, you are declaring your worst financial situ...
29th June 2009
Shot Sales is an option available to property owners, when they are unable to make payments on monthly loan amounts and don’t want to declare bankruptcy or go in for a foreclosure. In order to have a short sale done it is necessary to get the lender’s...
27th June 2009
The main problem in letting property out to rent, is that you should get the right tenants, as otherwise the very purpose of renting out property is defeated. If you don’t find the right people, you will regret renting out your property as you can get s...
27th June 2009
Foreclosures happen, when a property owner is unable to make monthly mortgage payments on time and this has happened consistently. When the owner offers no explanation for the problem and does not take any steps to clear payments and rectify the situation...
27th June 2009
Short Sale is an option open to property owners, who cannot make their monthly mortgage payments on time. Instead of going through the embarrassing process of a foreclosure or bankruptcy, they can choose to go in for a short sale. The reason why this form...
27th June 2009
VA Loan is a loan that is guaranteed by the U.S. Department of Veterans Affairs. It was created when President Franklin D. Roosevelt signed the GI Bill of Rights. These loans were started with the idea of fulfilling the dreams of U.S war veterans to own a...
27th June 2009
When you don’t have the right tenants, you can have a considerable problem with rent payments. When you happen to depend on your rent payments, this can be a difficulty for you in helping you meet your mortgage payments.
Late payment happens when a ...
27th June 2009
Pre-qualifying for a property gives you more assurance that the lender will approve your property purchase loan. When you pre-qualify before you purchase, you are in a better position to buy the property. The owner of the property that you are interested ...
19th May 2009
One very interesting home purchase option is Rent-to-Own. Let’s take a look at it in more detail.
The Term
Rent-to-own home is a term to define a home that you, as a buyer, will rent for a given period and then buy later at a price specified i...
19th May 2009
Your rented property yields returns, just like any other business does and is taxable like them. There are many ways in which you can achieve tax deductions on the property that you have rented out. Here is a look at what some of these are.
Renting ou...
19th May 2009
HOA or Home Owners Association is an important term in the American real estate industry. To know more, read on.
What is HOA?
HOA is the abbreviated form of the Home Owners’ Association, a body created to make life easy for the owners of town-...
