If you are looking to buy a home, first things first, pull your own free credit report once a year at www.freecreditreport.com and see how good your credit is. There are loans being approves with scores as low as 580, so don`t count yourself out of becoming a home owner.
Dispute your report in writing to the credit bureaus, accounts longer than 7 years should be removed from your history.
Keep your credit balance no higher than 50% of it`s limit.
Never, Never, pay late. Make at least the minimum payment.
Buying a home is not as difficult or impossible as some might think!
Tuesday, December 21, 2010
Monday, December 20, 2010
Benefits of Buying a Foreclosed Home
Advantages:
- Banks are motivated to sell, banks are not in the buying and selling real estate business they are in the lending money business.
- Property can be located in your desired area in a well established neighborhood, near good schools, shopping malls and main highways.
- As an investment you can purchase low enough to resale for a profit.
Disadvantages:
- Banks will not be willing to negotiate below listing price.
- Bank will not do repairs, as-is sale.
- Banks are motivated to sell, banks are not in the buying and selling real estate business they are in the lending money business.
- Property can be located in your desired area in a well established neighborhood, near good schools, shopping malls and main highways.
- As an investment you can purchase low enough to resale for a profit.
Disadvantages:
- Banks will not be willing to negotiate below listing price.
- Bank will not do repairs, as-is sale.
Thursday, November 18, 2010
Anatomy of a Foreclosure
Anatomy of a Foreclosure:
1- Bank hires an attorney.
2- Law suit is filed & served against you.
3- You are served with a 20 day summons to respond in writing to the court.
4- If you do not respond within the 20 days, a default is entered against you.
5- Final summary judgment follows a default
6- Sale date.
7- Eviction.
8- Deficiency judgement.
For more information and details feel free to email me at rb-homes@hotmail.com
Robert Benenati
1- Bank hires an attorney.
2- Law suit is filed & served against you.
3- You are served with a 20 day summons to respond in writing to the court.
4- If you do not respond within the 20 days, a default is entered against you.
5- Final summary judgment follows a default
6- Sale date.
7- Eviction.
8- Deficiency judgement.
For more information and details feel free to email me at rb-homes@hotmail.com
Robert Benenati
Friday, April 16, 2010
Interest in Owning a Home Remains Strong
Interest in Owning a Home Remains Strong: "Interest in purchasing a home as an investment has more than tripled in the last year, according to a survey released today by Move Inc., which operates Move.com and REALTOR.com"
Wednesday, January 13, 2010
Florida Supreme Court orders mediators to be first step in foreclosure cases.
http://ping.fm/M2Li5
www.365-realty.com
http://ping.fm/M2Li5
www.365-realty.com
As of December 29th. 2009, The Supreme Court of Florida issued an administrative order requiring a statewide managed mediation program to handle the glut of foreclosures clogging the state's courts.
Only homesteaded properties are covered under the order.
Don`t give your house to the bank without knowing your options.
Only homesteaded properties are covered under the order.
Don`t give your house to the bank without knowing your options.
Subscribe to:
Posts (Atom)