Home foreclosures are not uncommon in our economic market, but when a foreclosure sale is unsuccessful, the bank retains ownership. These properties are “real estate owned,” or REO properties. However, lenders don’t want the added responsibility of upkeep and...
What is closing on a house? Closing day is a meeting that finalizes a real estate transaction. It officially transfers ownership of the home over to the buyer, and the seller receives payment for the sale. But before this can occur the buyer and seller need to go...
Escrow services aren’t just for new homeowners. An escrow account protects both people involved in a financial agreement. So do you need escrow when buying a car? Not if you’re driving it right off the lot. But if you’re buying a car from a stranger, an auction site,...
Unfortunately, it’s not uncommon for home buyers to get caught up in a real estate scam. Thousands of victims have reported housing fraud to the FBI via their Internet Crime Complaint Center. Get savvy about the telltale signs. Here are five common real estate scams...
A real estate agent acts as a go-between for buyers and sellers who are on opposite sides of a deal. Hiring a real estate agent can save you thousands of dollars because an experienced agent knows what to look for. While you might be most concerned with finding an...
