Foreclosure is a legal process by which a lender takes possession of collateral pledged to secure a loan. Because it is a complex legal action, and because there are few resources for homeowners, vehicle owners, and other borrowers to research precisely how a foreclosure works, being involved in such an ordeal can be both stressful…
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Buying a Home in Your 60s? Here’s What You Need To Know
By Erica Sweeney, Realtor Baby boomers are having a well-deserved moment in real estate right now. Many boomers—the generation born between 1946 and 1964—are reaping the benefits of a turbocharged housing market, selling their homes with a median profit of $66,000. For the younger end of the boomer generation, i.e., those in their late 50s…
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9 Things Home Sellers Do During the Holidays That Scare Off Buyers
By Janet Siroto, Realtor Once upon a time, the month of December was a snow-swept dead zone for selling your home. The thinking was, “Why even bother showing it? No one is home shopping now.” Fast-forward to today’s full-boil real-estate market, however, and this traditional home-selling timeline has changed. Even amid the holiday hubbub, people…
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Financing Your Business with Home Equity
Though many business owners at some point tap into home equity as a financing source, you need to determine whether this strategy is right for you. First, you should know the basic difference between the two primary kinds of home equity debt. A home equity loan is a one-time lump sum that is paid off…
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Explaining the Good Faith Estimate on a Home Loan
By Alex Mason Buying a piece of property comes with a mountain of paperwork. However, all these documents are intended to get all the facts at your fingertips and keep you safe in case any court action should arise. One of the most important papers comes from your lender in the form of the Good…
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