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BlackDahlia asked: I’ve been looking up foreclosures at the county office to buy a foreclosure (the ones about to be auctioned). Someone said I should be looking at REO foreclosures. What’s the difference, and how do I buy one and or get info on these? The process by which a promise to repay a loan or debt secured by a deed of trust is enforced against real property is called foreclosure. Basically, the bank or other lender you went through for your mortgage can come forth and foreclose the home, meaning that it will be taken away from you and [...] Kicking people out of their home is not in the lenders best interest and contrary to what some people may believe, most lenders are willing to work with their customers to stop home foreclosure. Taking possession of a home is expensive for lenders and despite many legal avenues to recoup that expense exist, most do [...] When mobile homes were first being sold, most did not qualify for traditional mortgages, as most lenders treated them much the same as vehicle sales. After all, a buyer who could not make their payments could hook them up to a truck and drive them away to avoid mobile home foreclosure. Lenders became more acceptable [...] How to Find Honest Advice About Colorado MortgagesIt’s safe to say there are many places to find a deal for a Denver mortgage or Colorado mortgages these days. But the mortgage crisis has made things a little more complex. It’s not just about finding the best deal, but finding someone to work with who will [...] |
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