Finance & Mortgage

Home Buying: What To Pay Attention To In Purchase Agreement Contracts

The purchase agreement contract is one of the most important documents you will get a hold of when buying a home. This contract will give you the terms, conditions, and provisions the home purchase comes with. This is why you should read it with great attention to details and at the same time with careful analysis on whether there are ambiguities or not. Any questions must then be brought up to the seller to avoid future issues.

Real Estate Tips: What Is A Distressed Property?

A distressed property is a term that refers to homes that are short sold, foreclosed, or generally those that are real estate owned.

Real Estate Tips: What Is A “Short Sale” And How Does It Work

Short sale happens when someone failed to pay his or her mortgage on time due to some financial difficulties. Instead of opting to a foreclosure, the bank may allow the home owner to turn over the property to them, which will then allow the home to be sold as close to its market value as possible.
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