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Turn A Home Based Business Into Residual Income
By Diep Tran
A home based business does not always start out as a residual income opportunity. For a person who starts their own home business, making it turn out a residual income is something they have to do. Read more...

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Home Equity Loan: What You Should Know
By Bill Darken
Many people are talking about a home equity loan, at work, weekends and even at the dinner table. Why is it the flavor of the month and what should you know about a home equity loan to ensure you Read more...
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Here's How to Organize Your Home and Feel Better at The Same Time
By Patricia Wagner
Did you know that a clean orderly home can give you an enhanced sense of well-being? Living in a disorganized mess can make you feel disorganized too. Your home is meant to be a haven from the Read more...
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Best Home Theater System Tips - Get Off The Fence And Get It Started!
By Dean Caporella
If you have been "sitting on the fence" regarding home theater and are waiting for prices to drop further, all I can say is... there has never been a better time than now! Prices have been decreasing Read more...

(1833-1886), the greatest physical medium in the history of modernspiritualism. There was a certain mystery about his parentage.According to his own footnote in Incidents of My Life hisfather was a natural son of Alexander, the tenth Earl of Home.Through his mother he was descended from a Highland family in whichthe traditional gift of second sight had been preserved. SeeHOME,DANIEL DUNGLAS.
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#Welcome to Home Buyers Boot Camp real estate listings buyers guides - your comprehensive seattle real estate resource.

Below, you'll find extensive information on leading seattle real estate articles and products to help you on your way to success.

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 isn’t 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 “rescue” 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 home’s 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 doesn’t pay off the outstanding mortgage. Yes, the homeowner is responsible for the loan deficiency but if he doesn’t 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 let’s 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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