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Home Buyer Tips

Homebuyer Tips [Infographic]

Buying a home can be at times exciting, stressful, exhilarating, and frustrating all in the same deal. Following are 6 tips that will ensure the outcome is one that you can enjoy for years. My number one tip – work with an agent. A good agent will ensure that all of this and more is taken […]

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REALTOR® vs. For Sale by Owner [Infographic]

Thinking of selling your house on your own? It can be done, according to National Association of REALTORS® (NAR), 8% of home sales in 2015 were sold by owners. However, there is a reason that most owners that decide to sell on their own, end up listing with an agent. The following infographic outlines 3 […]

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HUD homes

What is a HUD Home?

HUD is an acronym for the U.S. Department of Housing and Urban Development. HUD becomes the owner of foreclosed properties (1-4 units) that were purchased with an FHA loan. They then re-sell the home to recoup the loss created by the foreclosure. Who Can Buy a HUD Home? HUD homes may be purchased by anyone […]

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Highlighted Mortgage Document And House Keys

What is Escrow?

Simply put, escrow is a financial arrangement where a third party holds and regulates payment of the funds for the two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account. Funds are then released after all of the terms of an agreement are […]

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Bank Owned Real Estate: REO

What is an REO Property?

An REO property – a Real Estate Owned property – is a bank owned property, one that the bank has already foreclosed on. Once a bank forecloses on a home, it will try to sell that property to recoup its investment (loan). The bank will first try to sell the property at a foreclosure auction, traditionally held […]

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