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THINGS TO REMEMBER ABOUT FORECLOSED PROPERTIES

Foreclosure is a legal proceeding in  which a lender obtains a court ordered termination of the borrower’s equitable right of redemption.  At the time the home is purchased the lender obtains from the borrower a security interest in the house to secure the loan (note).   The security for the note is an agreement between the lender […]

CONSIDER BUYING NOW

With interest rates between 4.75 and 5.25 percent and housing values dropping significantly in the last six months, you may want to consider buying now.  Recent reports indicate that tumbling interest rates are setting off a surge of refinancing and pulling undecided homebuyers into the real estate market.  Some lenders are quoting 30-year mortgage rates […]