Title Insurance provides protection for Texas Foreclosure Buyers
Buyers of foreclosures all over the United States are starting to feel the effects of the foreclosure paperwork crisis. It is hard to pick up a newspaper in the United State and not hear something about robo signers. Some of these signers have stated that they falsely signed thousands of documents in court stating they had reviewed the documents. If you bought a foreclosure using financing, your lender required you to purchase a Title Insurance Policy. At Man-Edge Properties we explain to buyers that Texas is a … [Read more...]
Robo-signers impact on Foreclosures should be small in Texas
The government has stated that major lenders are using improper procedures to seize properties. The mortgage servicing arms of the country’s major banks are freezing millions of foreclosures. The improper procedure they are talking about is “robo-signers.” These are people who sign documents stating they have personally reviewed the facts of the foreclosure case. The problem is that some of these people have said they or their team had signed as many as 10,000 foreclosure affidavits in a month. They never … [Read more...]
Five Costly Mistakes when Buying a HUD Foreclosure
If you're looking to save money on purchasing a house, foreclosures are a great way to go. However, there are still very costly mistakes that buyers can make. Not knowing what Government Programs are available There are many government assistance programs available for first time buyers, and owner occupants. These programs can help with both down payment and closing costs. It gets confusing sometimes as to what program works in a given area. Your Realtor, and your Lender can both help you select the right … [Read more...]
How to buy a Tax Foreclosure
The Harris County Tax sale resembles a carnival where property listings are auctioned off to pay for taxes owed by the owner. You see Ex-Enron traders, professional home re-modelers, wide eyed novices, and even investors flying in from out of town running madly around a city block with excel spread sheets in their hands. Everyone has their secret formula to success which they are guarding with their lives. The most important thing to realize is that the professionals have figured out a maximum price they will … [Read more...]
How to buy a Bank/Mortgage Foreclosure
Here is what happens after you have picked out a property which happens to be a Bank or Mortgage Company foreclosure. Negotiation Your offer for the property listing needs to be realistic. If the property went on the market yesterday. Then the seller is not going to be too negotiable. If the property has been on the market for six months with no contract offers. Then the seller is going to be very negotiable. Home Warranty Banks and mortgage companies will not pay for a home warranty. Don’t write it in the … [Read more...]
How to buy a HUD Foreclosure
The following information will assist you in understanding how to purchase a government-owned home. Anyone can buy a government-home HUD homes can be purchased by anyone. While many of the HUD-owned homes in our inventory are affordable for low to moderate income individuals and families, there is no income restriction on purchasing these homes. However, a buyer must submit a pre-qualification letter from a lending institution or have proof that they can pay cash for the home in order for a bid to be … [Read more...]
Powerful Foreclosure Secrets and Tips
Today it’s possible to make excellent real estate investments. Potential home buyers can choose from a wealth of low priced foreclosed homes. Those seeking Houston real estate opportunities can uncover superb value when they know which pitfalls to avoid. There are many mistakes of foreclosed home buying that savvy purchasers can avoid. Inner loop Realtor Bill Edge will help you find the gems and avoid the quagmires. Here are Bill’s foreclosure secrets and tips that will protect you and your family from … [Read more...]
Short sale means no sale
Property listings may take nearly a year to close Realtors and property owners alike are finding that it is near impossible to close a short sale. The rules favor the lender. Since they are not technically on the contract. They are immune to any contractual guidelines. The home owner negotiates the contract and hopes the lender will go along with it. Having lender approval means absolutely nothing. The lender may or may not decide to close the property. Following are Bank of America guidelines … [Read more...]
Foreclosure Secrets and Tips
Powerful Foreclosure Secrets and Tips That Will Protect You, Your Family For the people out there who don't know much about foreclosures - or, more importantly, who THINK they know a lot about foreclosures but might be hurt by their lack of knowledge – here are some of the problems a person might run into, when buying a foreclosure home, if they don't work with an experienced agent, someone who has a vast wealth of knowledge about foreclosures. First, one of the things that happens frequently with … [Read more...]