How to Land a Foreclosure House Buying a foreclosure home often is appealing to house hunters trying to stretch their dollars. But finding a good one can be a challenge. “The vast majority of the banks don’t want us to advertise [foreclosure homes] as ‘bank-owned’ because it comes with a negative connotation,” says Ryan Melvin, …
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Be wary of buying into homeowner association
Be wary of buying into homeowner association It has always been wise to take extra care when buying a house or apartment in a community governed by its owners. But nowadays, with so many people behind on their mortgage payments, even a fire-sale price from a desperate seller could quickly lose its luster if too …
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Apartment (REIT) Hunting
Apartment (REIT) Hunting Can the sluggish economy really justify the prices investors are currently paying for stocks? That’s the question on traders’ minds these days, and it certainly applies to real estate companies, which have seen their shares roughly double since the market’s financial crisis nadir in March, easily trumping the S&P 500’s mere 57% …
Buying a condominium requires research
Buying a condominium requires research Condos are a popular choice for first-time buyers as well as homeowners who want to downsize because they tend to be less expensive than single-family residences. Also, they usually require less maintenance. Condominium owners belong to a homeowners association that collects dues, usually on a monthly basis, to pay the …
First-time home buyers scramble to beat deadline for $8,000 tax credit
First-time home buyers scramble to beat deadline for $8,000 tax credit Ashley Johnson took a whirlwind tour of roughly 40 homes this summer. The 26-year-old was staring down a deadline: Buy a home by the end of November in order to get $8,000 in free money from the federal government. Who qualifies: First-time buyers and …
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Four years after Hurricane Wilma battered South Florida, some homeowners are still dealing with claims [South Florida]
Four years after Hurricane Wilma battered South Florida, some homeowners are still dealing with claims [South Florida] Marta Ayala’s colorful artwork is showcased throughout her immaculate Parkland home. Every room also features vivid reminders of 2005’s Hurricane Wilma: cracking paint and yellow water drip marks, some as long as 10 feet. Weeks after the storm, …