A judgment lien is a court ordered lien that is placed against the home or property when the homeowner simply fails to pay a debt. This doesnt seem like a big deal, but when the homeowner has a judgment lien against his or her home and wants to sell it, the judgment lien has to be paid in full before the home or property can be sold. Judgment liens can be placed against the property for a variety of reasons such as unpaid credit card bills, utility bills, department store bi…
What to Expect At a Foreclosure Auction
Whether you are an investor that would like to get into buying foreclosed homes for your personal use
Why Buy An REO?
An REO is real estate owned by the bank, and many investors consider an REO property to be money just waiting to happen.
The Ins and Outs of Bank Foreclosures
The term bank foreclosure is one which may seem mysterious to many individuals, especially if they have never experienced one and/or are unfamiliar with real estate terms.
Understanding REOs
If you are getting involved with real estate you may have heard the term REO without really knowing what it refers to and how it could play a part in your current or future investments
Important Factors Regarding How to Buy HUD-FHA Properties
There are many different types of homes which can be purchased on the general market today. The United States Department of Housing and Urban Development is a federal agency developed for the purpose of managing federal housing and related issues. Within this encompassing federal department is the Federal Housing Authority which further carries out the goals of HUD. There are certain properties known as HUD-FHA properties and these will be discussed in detail as well as the process for buying these homes.
The Risks and Rewards of Investing in Foreclosures
There are many different things to invest in these days. One investment route which individuals take is with regard to foreclosures. Foreclosures occur when the current homeowner of a property fails to pay their monthly mortgage and the property is repossessed by the lender.
How To Keep From Getting Judgment Liens
Judgment liens can be placed against ones home or other assets when they refuse to pay credit card bills, home improvement bills, or just about any other type of bill. All a creditor needs to do is pursue payment and if the homeowner is not able or unwilling to pay, the creditor can go to court and a judge can place a lien against the home of the person that owes the debt. While a judgment is often said to not be as serious as a tax lien, it is still something that someone sh…