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Closing Costs and other Hidden Home Buying Costs
things first time home buyers might not be aware of in the purchase of a new home....closingcost buydown points prepayments escrow accounts motgage loan


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Real Estate Agents Indicted In Alleged $40 Million Mortgage Scam (NBC 4 Los Angeles)

Fri, 03 Aug 2007 00:27:29 GMT
Two local real estate agents and two property appraisers have been indicted for allegedly taking part in a $40 million scam involving inflated mortgages for homes sold in Beverly Hills, Malibu, Bel Air and Holmby Hills.


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Why I Like real estate agency

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Buying Foreclosure Properties

When looking for your new home or for an investment opportunity it is always worth considering buying foreclosure properties. After all, buying a house is the largest and most important investment most people make in their lives. You should absolutely take the time to explore all avenues of this very big decision. The best thing you can do for yourself is learn about ways to purchase a home that is in foreclosure. Why? Well, for a number of reasons. The homeowners being foreclosed on know that once the bank forecloses, their house with be up for auction. At that point, the house will be sold to the highest bidder. If you can find a way to get to the homeowners before their forclosure is finalized, then you can pick up their home at a fraction of the price before it is offered to the public. Once the homeowners are foreclosed upon, they have no more equity in the home. But if you approach them and say you will give them $40,000 for the house, they are more than likely to take the offer. This is because they would rather have some money than be left with nothing after the bank is through with them. It's a common practice among real estate investors and brokers. Sound enticing enough? Keep reading to learn how to pick up these deals.

... View the rest of this article by visiting BuyerBeWhere.com at the link above...


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