Who pays the real estate agent when a foreclosed home is purchased?
Written by admin on August 21, 2010 – 11:10 pm -We are looking to buy a house. We found a real estate agent before we found the house we really want. It’s a foreclosed home. How does the real estate agent get paid?
Tags: Agent, Estate, foreclosed, home, pays, purchased, Real
Posted in foreclosure | 5 Comments »
What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages?
Written by admin on March 7, 2010 – 7:04 pm -The recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high?
Banks were not getting their money back from home owners, causing a credit crunch, thus they were unable to lend money to big businesses.
Big businesses then had to cut back on expenses and began to lay people off the the thousands.
So what caused the mortgage rates to go up so high that started this financial mess in the first place?
Tags: being, caused, causing, home, monthly, Mortgage, Mortgages, people, Rates, rocket, Their, unable
Posted in Mortgage | 11 Comments »
What happens to a second mortgage when a home is purchased at a foreclosure auction?
Written by admin on March 7, 2010 – 12:43 am -I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I will own additional money to the second mortgage or just the first mortgage and back taxes?
Tags: Auction, foreclosure, happens, home, Mortgage, purchased, second
Posted in Mortgage | 5 Comments »
How does the financial crisis effect the american home?
Written by admin on March 5, 2010 – 6:51 am -How do americans deal with this financial crisis, how does it effect them in their everyday life, is it really a crisis or just a big ly?
Tags: american, Crisis, effect, Financial, home
Posted in foreclosure | 3 Comments »
