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Home Decor: How To Create An Awe-Inspiring Home
By Isabel Rodrigues
What would you like to come to after a hard dayís work? Is it to your home or to a house? Well, the answer is simple. We all want to come to our home and not to any house. What makes a house your Read more...

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Getting the Most Out of a Used Motor Home Sale
By H. Ong
A motor home is something every outdoor person must have. From camping to long drives, having a motor home is surely more convenient than setting up tents or renting rooms at roadside motels. But, as Read more...
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Home schooling Information You Donít Hear About
By aldwin pet
For many of us who donít particularly like the public school system, we think that home schooling may be the perfect answer. You can teach your child the things you want him to know in a one on one Read more...
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Where to Find The Best Rated Home Based Business Opportunity
By Leonard Bartholomew
The best rated home based business opportunities can be found in many different places. They can be found on the internet, in newspapers, job fairs, and from friends and family. From selling Read more...

is a dwelling and its premises within the property lines including single-family dwellings and apartment houses, duplex dwellings, boarding and rooming houses, and seasonal cottages. Excluded from Home are barracks, dormitories, and resident institutions.
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Rising Home Foreclosures Spell Opportunity For Savvy Home Investors
By Joe Hanoa
With sharply higher mortgage rates comes an increase in foreclosures as homeowners find that they simply cannot afford the higher mortgage payments. Worse for them, no mortgage company will allow them to refinance if their credit standing is precarious. Thus, the number of foreclosures is rising across many housing sectors spelling opportunity for savvy investors. Are you ready to jump in? If so, it isnít always thing to do, but it can be done as outlined below.

Chances are if a homeowner is faced with a foreclosure, he may be receptive to you offering to buy his to ďrescueĒ him from what will inevitably be a credit killing experience. If you play it right, you could offer to take over payments or simply buy the at a price that covers what is owed on the mortgage. In effect, the owner loses his down payment and equity in the home, but he gets to keep his all important credit rating and he will have the opportunity to purchase a again once his finances straighten out.

On the other hand, if a homeowner is seriously behind on payments and the homeís value has not

kept up, his mortgage lender could squash any deal that you make. The mortgage company could end up losing tens of thousands of dollars on the sale, especially if your offer doesnít pay off the outstanding mortgage. Yes, the homeowner is responsible for the loan deficiency but if he doesnít have the money now, what is the likelihood he will have the fund later? In that case, the mortgage company may authorize that the courts proceed with a foreclosure to remedy the situation.

A compromise plan could have you still buying the if your offer effectively is almost enough money to cover the outstanding mortgage. If it falls letís say five thousand dollars short, the mortgage company could be interested in entertaining your offer. Why is that? For several reasons including:

--Foreclosure proceedings are expensive. The mortgage company must hire a lawyer and pay filing fees. In addition, thousands of dollars in late payments could be lost forever. Your deal would recover some of that money.

--Property management is a pain. If the is recovered via foreclosure, the mortgage company must still maintain it until it is sold. Taxes, maintenance, repairs can add thousands more to the cost of the home.

Also, if the local housing market truly stinks then your offer may be the only one that a mortgage company could expect. Therefore, understand the market and set your offer at a price to make the most of your benefit.
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