This article was contributed by financial expert and blogger Lauren Bowling, a recognized thought leader in the millennial finance space. A full-time online business owner, Bowling teaches others
Foreclosure Listings In Alvin
What are the first steps that a buyer needs to take when purchasing a foreclosure?
You need to be preapproved for a loan, and understand that financing a foreclosure is more difficult and more expensive than financing a primary residence. Lenders typically charge higher interest rates and require a larger down payment for investment properties or second homes.
How can you tell a bad foreclosure from a good one?
Great deals are out there! But making a sound investment can be tricky. You need to be wary of unpaid liens, including mortgage det, taxes, construction loans, home equity lines of credit and possible a second or third mortgage. It is very important to do your research and make sure the liens and fees are not transfered to YOU the new owner.
What are the cost of buying a foreclosure?
The best oppurtiunties are for buyers with cash
CLICK HERE for your list of all of Alvin's current foreclosures. And as always if you have any questions please do not hesitate to ask
RE/MAX American Dream
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