Foreclosed options More people in Alabama are losing their homes to foreclosure, thanks partly to bad homeowner choices, market fluctuations and bankruptcy laws. The good news, if you can call it that, is that Alabama’s foreclosure rate is still well below the national average. The bad news is that the number of foreclosures here is …
Category Archives: Investment Tips
Rent to sell
Rent to sell House for rent. Brand-new kitchen. Quiet suburban location. Could rent-to-buy. Please, somebody, take this house! Homeowners Aaron and Jen May are trying not to sound desperate, but beneath their determined demeanor is an edge of fear. They lived in their 20-year-old suburban Wales house for a couple of years and put more …
Let the borrower beware when getting mortgage
Let the borrower beware when getting mortgage Big purchase demands extra dose of caution Whether you already have a mortgage or you plan to buy a house in the next year, here are seven mortgage tips for 2007. Review your mortgage — does it still fit your circumstances? Interest rates change, children are born and …
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Pursue options before defaulting on mortgage
Pursue options before defaulting on mortgage If you are falling behind in your mortgage payments, the first thing you should do is pick up the phone. “A lot of times it’s just a matter of telling your story to the bank,” said Jonathan Pinard, president of the Empire State Mortgage Bankers Association of New York. …
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Property deals lead to bank foreclosures [South Florida]
Property deals lead to bank foreclosures [South Florida] By now most Southwest Floridians have heard of Neil Mohamad Husani, Michael Tringali and their series of multimillion-dollar real estate deals that are now imploding. But few know anything about James Russell Crain, a Sarasota real estate agent and investor who used similar methods to buy seven …
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Homing in on Housing
Finding paradise in home ownership Down payment key to getting into higher-priced homes Erin and Lane Forsloff may have been living in Hawaii within the past couple years, but their home certainly didn’t feel like paradise. The young married couple, both attending Brigham Young University-Hawaii, shared a cramped student housing apartment — a one-bedroom, 400-square-foot …