Mortgage

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How to sell a house in a rural area

image-465There are certain benefits and disadvantages to sell a house in a rural area. The lack of traffic and infrastructure is one of the disadvantages but a sense of privacy and serenity are benefits . Selling a home in a rural area is different than selling a house in a ...

What is a wraparound mortgage?

image-458When a buyer is unable to obtain traditional financing for enough money to cover the price of buying a home , a wraparound mortgage is one of the creative financing options that can make the purchase possible. The wraparound mortgage allows the buyer to purchase the home by leveraging the ...

What is a mortgage used to purchase?

image-461A mortgage is a special type of loan guaranteed . The mortgage is special because the borrowed money is always secured by real estate. Real estate is any interest in land, including vacant land, structures on land and accessories that are a permanent part of the earth . Real estate ...

Can I sell my house with a property contract if I still have a mortgage on it?

image-143Home sellers may offer alternative financing mechanisms seller and property contracts to make a house more attractive for a wide variety of buyers, or selling a home can be difficult to finance with a conventional mortgage. Sellers may also prefer alternative funding mechanisms, and they would like to structure the ...

I can? Still sell my house when I have judgments?

image-139The judgments, which are court orders against a debtor and creditor name, not only have a negative effect on your score credit , but can also endanger your property, bank accounts and wages. A judgment lien and any successor may create problems with both buying and selling a property in ...

Can you still sell your home if you get a foreclosure letter?

image-150Receiving a letter from a mortgage lender indicating that it may or repossession in the future does not limit your rights to sell the house should it occur. Usually, you have the right to sell your home at any time before the foreclosure sale is conducted. The letter notifying a ...

I can not sell my house: Should I let it go to foreclosure?

image-164Becoming a tenant may not seem like the worst idea when mortgage problems are experienced. The constant collection calls and financial stress can promote your fantasies to stop being a homeowner. However, let the house go to foreclosure is not always the best solution. Even if your house does not ...

What happens when you pay a home equity loan?

image-153A loan is a home equity type of loan guarantee. Good underlying this loan is your home. If you do not meet a loan with mortgage, you risk losing your home at the hands of the lender. Before considering obtaining a loan or line of credit, consider the associated risks. ...

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