A foreclosed home can offer you a bargain basement price as a homebuyer, but what about the pitfalls that comes along with buying these types of homes? There are risks associated with buying a home in foreclosure and when you buy the home at an auction, the risks tend to increase. Learn what you are getting into before you to take the leap and how to recognize red flags, so you can avoid common mistakes.
Posts Tagged ‘foreclosure’
Heading toward Foreclosure? Get Help with a Foreclosure Counselor
May 20, 2011Foreclosure is as much an emotional process as it is a financial one. If you’re heading down the path to foreclosure, one of the people you want on your side is a foreclosure counselor. Working with a team of foreclosure specialists that includes a foreclosure counselor helps to take the emotion out of the process to help you make sound financial decisions as you move through it. Learn what a foreclosure counselor does – and does not do – to help you during this tough time.
Need Foreclosure Help? Beware of Phantom Scammers
May 13, 2011Scam artists are good at their jobs because they know how to identify and easily prey on the weak. A new scam that does just that is hitting communities with high foreclosure rates and involves thieves offering to help homeowners save their homes. Once they have your money, however, you’re left without a solution and with less money in your bank account. You may even be left without the deed to your home.
3 Ways to Avoid Foreclosure
March 2, 2010By: Jenny Zhang With a national unemployment rate hovering around 10 percent and property values still down, many Americans are struggling to make their monthly mortgage payments. What’s worse is there’s a widespread belief that foreclosure is a way out. The reality is that foreclosure can significantly affect your credit score, prevent you from qualifying [...]
Quicken Loans & Quizzle Chairman Dan Gilbert’s Proposal To Fix The Housing Crisis – A Solution That Works!
October 6, 2008Got something big to tell you all about. HUGE. Ginormous – and yes, that is a real word. The video is on CNBC. It’s in the newspapers. And I mean, really….that’s just how Quizzle blog rolls. Ginormously. Back to the news. Told y’all about the bailout bill last week, right? Well, it finally passed. But [...]
How to Understand Credit Reports and Credit Scores
July 24, 2008Lenders look at your credit report every time you apply for credit, but many people don’t know what their credit score is or how the score is calculated. Hopefully, if you are a regular reader, you are on the up and up! But here is the low-down on how it works behind-the-scenes before we give [...]
