What is a Pre-Foreclosure Home?
Tuesday, February 7th, 2023
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Most people understand what foreclosure is, but what is a pre-foreclosure home? As the name implies, it comes before a lender officially starts foreclosure proceedings.
How to Buy Homes that are Foreclosed
Tuesday, July 5th, 2022
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A foreclosure is when the previous owners fail to make their mortgage payments and the lender takes back the property, then resells it. Buying a home that is foreclosed is often an appealing idea to homebuyers, mostly because of its typically lower purchase price. Yet doing so also often comes with a level of risk.
How to Buy a Foreclosed Home in Missouri
Tuesday, November 2nd, 2021
Foreclosed homes can be appealing to house flippers, investors, and ordinary homebuyers looking for a bargain. Once a lender takes possession of a foreclosed home, they will seek to sell it quickly. They are less concerned about making a profit and simply want to break even on the amount they lost due to non-payment of the mortgage.
What it Means to Sell a House As-Is
Tuesday, June 23rd, 2020
There’s plenty of advice online on how to sell a home fast. Our post 20 Creative Ways to Sell Your Home in Under a Month is a good example. But some sellers are in too much of a hurry to try those tips or don’t want to go to the trouble. They might be contemplating selling a house “as-is.”
Everything You Need to Know About Buying a Foreclosed Home
Thursday, April 9th, 2020
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People in search of real estate bargains may find themselves considering foreclosures. Foreclosed homes have been seized by a lending bank after a homeowner has defaulted on their mortgage. Although not as common as during the real estate crisis of 2008, foreclosures still happen all over the country.
What to Look For in a Realtor: A Guide for St. Louis Buyers and Sellers
Thursday, January 9th, 2020
Whether buying or selling a home in St. Louis, finding the best realtor will involve some work. You’ll want to ask people you know for referrals, do some research, and finally, interview the best candidates. (Read Follow These 3 Steps to Find a Real Estate Agent.) Sales statistics and experience are important, but you need to feel confident in your decision on a more personal level, too.
Buying a Foreclosed Home: Good Deal or Risky Business?
Thursday, December 5th, 2019
After the real estate bubble burst in 2008, it seemed like foreclosed houses could be found in almost every neighborhood across the country. The number of foreclosed homes reached an all-time high in 2010 but has steadily decreased each year since. Nevertheless, as long as there have been mortgages, there have been people unable to pay them. Buyers can get a bargain buying a foreclosed home. But if they’re not cautious, they can get more than they bargained for.