REAL ESTATE SCAM ALERT –

The following alert is being provided as a public service. It is an exact reprint of the alert distributed to Louisiana Realtors by NOMAR Reports are surfacing once again relative to rental housing scams. On June 3, 2013 GSREIN alerted its members … Continue reading

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Are There Really Great Bargains in Buying Foreclosures?

Most people are under the assumption that all foreclosed homes are bargains. Well. . . YES and NO YES if you are looking for a home priced under market value. NO if you are looking for a home in super … Continue reading

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Closing Costs

When planning to buy a home, most people save for their down payment, but give little or no thought to closing costs. . . or if a first time homebuyer, may not know what closing costs are. Closing costs are … Continue reading
 

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Free Money for First Time Homebuyers

Yes! . . . And it’s called a ‘Soft Second’ A ‘soft second’ is money provided only to first time homebuyers. The program will provide up to 20% for a down payment (limited to $30,000 and a $200,000 home price … Continue reading

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Negotiating a Short Sale

The main thing to know when negotiating a short sale is that it’s always going to be priced somewhat below market if for no other reason than the fact the seller is looking for a quick sale. I recently had … Continue reading
 

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Rent to Own, Lease Purchase, Owner Finance

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Buying a Home. . .

Buying a Home . . .And Why You Should be Working with an ‘ABR’ Whether you are a first time homebuyer, or it’s been quite a few years since you bought your current home, buying a home may seem quite daunting. Well, sit … Continue reading

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Buying a new Home? . . .Warning!!!

NO ‘mysterious’ deposits to your bank accounts – Borrowing money for a down payment to buy a home is an absolute ‘no-no’ in the world of mortgage lending. If there is a chance you may not have enough for the … Continue reading

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Principle, Interest, PMI, Escrow – What’s it all About?

Principle and Interest The first item on your house note will be the Principle and Interest calculation for the original amount of your loan. Using a good Mortgage Calculator, simply plug in the current interest rate and the number of … Continue reading

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Selling a Home?

SELLING A HOME? . . . .WHAT EVERY HOME SELLER NEEDS TO KNOW Have you noticed how many ‘For Sale’ signs there are today? Does it seem like hardly any are getting sold? Well, you are right. Selling a home with … Continue reading

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‘Short Sale’ Tips for Sellers

Navigating Short Sales: What to Do When the Sale Price Leaves You Short If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of … Continue reading
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Pre-QUALIFICATION or Pre-APPROVAL?

What’s the difference??? There are three types of home-sales that require you to be Pre-Approved. REO’s (home foreclosures) Short Sales (sale price is lower than the sellers mortgage payout) ‘Relos’ (homes being sold by a seller’s relocation company) Add to that, ordinary … Continue reading
 

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