Foreclosure process is a procedure which starts when a home owner is unable to pay the loan amount unpaid to the lender or is unable to pay taxes outstanding to the government departments. In both cases the Lender or Government issues a Lis pendens which is a notice for the start of the pre-foreclosure process. Home Owner is given a certain time after the lis pendens is issued to either sell the home themselves through short sales or settle the...more
Just recently the U.S. House of Representatives decided to pass a new bill that will grant an extension and expansion of the Federal Tax Credit for First-time Home Buyers. This extended tax credit will be good through April 30th, 2010 that now also includes a 60 day extension should there be a binding contract in place prior to the deadline.The tax credit for first time home buyers will still stand at a tax credit of up to $8,000. Existing...more
Due to the current recession, many people are facing great difficulty in buying houses that truly are affordable for them. Government grants for first time home buyers could be the solution. You too can purchase the home you always wanted with the assistance of a check of $15,000 from a government grant.Consider the fact that not everyone has sterling credit. Having bad credit does not necessarily spell denial on a grant application because the process used in grant approval or denial does not make use of credit checks. Just a small amount of research and you'll be well on your way to obtaining the funding you need to purchase your new home.Because this is the first house you are going to purchase, it may not be easy to get the funding needed to put down for your home before getting a grant. First time home buyers grants are different from loans in that, as a first time purchaser, you are not responsible for paying back the grant. First time buyers who don't have huge bank accounts often run into a problem when trying to find affordable mortgages. Because of this dilemma, these groups of borrowers must either put their plans to purchase a home on hold or seek additional financial...more
Fixing and flipping houses, no doubt, is a good source of additional income. Especially today when the economy is still reeling from the recession, it literally pays to have extra money. Its attracted the spotlight that even online education about is now available online through websites like REIwired. But did you know that apart from giving you...more
Nowadays, more and more people are encouraged to venture into the real estate business. This business can be very lucrative especially if you have gotten yourself familiar with the basic dos and donts prior to even starting anything. REIwired is your online resource site which aims to provide real estate enthusiasts with useful and updated...more
Many people are venturing into the real estate today. REIWired.com is the perfect site to browse on if you want to find out about how to get into the rehabbing houses. In this article, REIwired.com shares with a few tried-and-tested tips on how one can get started in rehabbing.1. First and foremost, know the property that you are about to buy. Avoid looking for a lot of potential houses all over town, instead, focus only in one specific area and get yourself familiar with its real estate value. Know which properties will sell fast. It is also important that you find out which features are very important to buyers. Getting to know the average costs for the homes in the neighborhood is highly advised as well. For newbies, note that it is totally okay to buy houses even if they smell bad. This problem can be remedied.2. Major remodeling problems should also be avoided. Replacing an entire roof will be very difficult and costly. Any problem involving foundation, electricity and plumbing may also be laborious. As you move forward and as you gain more experience in rehabbing houses, these type of problems may be easily avoided and even profitably handled. Just keep in mind...more
Wholesaling houses is considered the perfect entry job when it comes to real estate investing. Its less complicated to do compare to other forms of investing. However, just as in any business, a small error can swell into something huge. So before...more
If you are a first time home buyer who is looking for an affordable property with less maintenance compare with regular home, Bountiful condominiums is what you are looking for. Being in a condo is a perfect place for those people who don't want to...more
What is Twitter? You probably already know what is twitter.com, twitter is a social networking site that you can update from your computer or your phone. With twitter you can also track what are your friends doing from time to time, update of their...more
Renting a home is a great option for many people for different reasons. Whether you are looking for a place to stay in the short term or if you just arent ready to buy, renting a house, apartment or other type of home can be a great option. Here are...more
With thousands of properties for sale and able to provide exceptional choices as well as longer opening hours for convenient viewings, Umbrella Real Estate makes the most preferred real estate site for thousands of buyers.So how does Umbrella Real...more
There is no debate on the potential of rehabbing houses to make you a millionaire. Successful real estate investors who now work a few hours a week and buy what they want are a living testament to this. A lot of people tend to ask them whether they...more