Five Reasons to Avoid Foreclosure A foreclosure is a traumatic experience. It is a legal process where the homeowner loses his home to the bank or lender. If a borrower cannot make payments and defaults on his mortgage, the lender repossesses the property. The borrower may still owe for the diff
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05/04/2011
Five Factors that affect your Credit Score Your credit score or FICO is calculated by five major factors. This score can affect your chances of getting great rates on credit cards and loans. There are three major credit bureaus that vary in the method of calculating these rates. These include You
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05/04/2011
What is the Mortgage Forgiveness Act? The crisis of our economy has rendered soaring short sales and foreclosures in the housing market. Lenders have been bombarded by repossessed properties called foreclosures. Lenders have been willing to let homeowners sell their homes for less than the mortg
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05/03/2011
What is Title insurance? One of the largest decisions a person can make is to purchase a home or land. A free and clear title to that real estate purchase is imperative. Title insurance is the way to guarantee against title defects and other risks. Title Insurance is insurance coverage against d
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05/03/2011
Things to consider during a Final Walk through A final walk through is the last check of the home before purchase. The purpose of the walk through is to check the condition of the property before signing the final paperwork. A walk through is one step in the home buying process that should never
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05/02/2011
What you can do to Improve Credit Scores Your credit (FICO) score is imperative to financial health. Bad or damaged credit does not have to be the end of the story. There is no overnight magic for this situation. However, there are ways to improve your score that take time and persistence. The b
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05/02/2011
What is Lead Based Paint? One of the major health and environment issues today is lead paint. Lead based paint contains lead as the title implies. Lead is a heavy metal added to paint for the purpose of speeding drying time, increasing durability, helps to maintain a fresh a fresh appearance and
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04/29/2011
What You Need to Know about Buying Foreclosures There is a lure for prospective home buyers to the price of a foreclosure. These bank-owned properties are stirring frenzy with the lure of get rich quick investments. However with every investment, there are advantages and disadvantages. A potenti
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04/29/2011
What is HAFA? Home Affordable Foreclosure Alternatives is the government program for individuals and families having difficulty selling their homes. This US Treasury Department program took effect in April 2010 to aid the housing market. HAFA is called "the government short sale" and has benefit
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04/28/2011
Why is it Important to Have a Home Warranty? A home is one of the largest investments that a person can make in their lifetime. A home warranty provides protection and is a very smart investment to protect a home's major appliances and systems in the case of a breakdown. There are many advantage
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04/28/2011
