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How Long Can You Stay in Your Home After You Stop Paying the Mortgage?
Even though the economy seems to be getting better, the number of mortgage delinquencies is still rising. Some homeowners are choosing to walk away because their debts are much higher than what their...
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5 Tips for Buying a Commercial Short Sale or Foreclosure
Link: http://www.openforum.com/articles/5-tips-for-buying-a-commercial-short-sale-or-f...There was a time when snatching up a commercial property through a short sale or a foreclosure involved finding...
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Farewell to Homeownership: Lessons to Share
Losing your home is a strange and alienating process. Mine is being lost right this minute, but it’s not the end of the world. Here’s what happened to me this year, and some advice from what I learned...
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What Happens at a Foreclosure Auction?
Foreclosures have declined recently, but many houses are still being auctioned on courthouse steps across the country. Recently I attended one of these auctions; here is a run down of what happened and...
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These Are the 8 Most Common Homebuying Mistakes Foreclosure Experts See
As a foreclosure prevention advisor at a Housing and Urban Development (HUD) approved counseling agency, I see my clients suffer the consequences of their homebuying mistakes on a daily basis....
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5 Downsides of a Reverse Mortgage
A Home Equity Conversion Reverse Mortgage (HECM), more commonly known as a reverse mortgage, is often used as a means of income for retirees. For those age 62 or older, these loans can provide...
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Is Buying a Foreclosed Home Ever a Good Idea?
Foreclosures are falling across the country. Real estate site RealtyTrac reports that the number of homes in foreclosure dropped 3% in 2015 compared to the previous year. But while foreclosure activity...
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7 Things You Should Know Before Buying a Foreclosed Home
You're ready to buy a home, but you're also looking for a bargain. A foreclosed home seems like the ideal solution: You know that foreclosed properties typically sell for less — sometimes much less —...
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How to Make Ends Meet When You're House Poor
Your home is supposed to be a source of joy, your respite from the rest of the world. But if you can barely afford your housing expenses each month, the pride of owning a home can quickly turn to...
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5 Questions to Ask Before Applying for a HELOC
You've paid enough on your mortgage to build a solid amount of equity in your home. Now you want to tap into it; maybe you want to use the money to pay off high-interest credit card debt, help fund a...
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What Happens to Your Apartment When Your Landlord Gets the Boot
Finding the perfect rental for you and your family is hard enough. After searching through hundreds of listings, touring apartments, and finally moving in, the last thing you want to worry about is any...
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How a Sale and Lease-Back Can Help a Homeowner Avoid Foreclosure
George Arnold bought his Chicago bungalow in 2009. This fixer-upper needed a lot of TLC, but was in a good neighborhood. He'd found a diamond in the rough. Arnold set to work bringing the home back to...
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