An Ohio man says he bulldozed his $350,000 home to keep a bank from foreclosing on it. (Feb. 23)
Duration : 0:0:50
How bad is the situation of distressed properties in the states? James Koh of Quantum Leap Capital shares some startling statistics…
Duration : 0:3:9
Historic House Fabric For Sale: The ca. 1815 Turner Bynum House in eastern North Carolina was poised for a full restoration after being moved to a secluded property in Edgecombe County in 1990. But unfortunately the restoration never took place, and by 2004 the building was close to imploding when Gaston Callum negotiated with the owner to acquire the structure and remove the interior fabric before the house caved-in. Among the three feather-painted doors that were recovered, the upstairs door was illustrated in the nationally renown book North Carolina Architecture published in 1990. If interested in acquiring these early building components for installation or museum purposes, please email your inquiry, or call SHP at (919)616-5832. Numerous photos and video are available with the purchase of the Turner Bynum fabric, along with documentation of its builder and inhabitants.
www.southlandhp.org
Duration : 0:7:58
If you have been looking at the real estate market, I’m sure you have noticed that many of the homes up for sale are advertised as short sale. Buying a home for under the amount that is owed on the real estate is called a “short sale.” In the current real estate market, there are many short sale options open to a potential home owner. Adjustable rate mortgages and the economic downturn have caused higher than normal foreclosure rates. If you are in the market to purchase a home, this is the ideal time to exploit the market to your own advantage. With some precise research and an open mind, you may find the home of your dreams at an unheard-of price.
Locating a Short Sale Quickly
To initiate the short sale process, meet various real estate agents. Many real estate agents already are knowledgeable in dealing with properties that are short sales. Selling agents often have pre-existing association with the lender that is holding the mortgage. You want to use a realtor that has experience and information on how to get a property that is a good value. Once you settle on a realtor, let him or her know right away that you are looking for a short sale property. This will help the realtor find an ideal property more quickly.
Short Sales are Often Bargains
A short sale will often be offered at a good price to the buyer since the bank does not want to have their assets tied up in the property. A bank is vulnerable to losing a substantial amount of money in a foreclosure proceeding. The listing price is minimal and so you will not have to try bargaining with a seller over the price. The bank wants the property sold as quickly as possible to eliminate losing any more money.
What to Anticipate When Buying a Short Sale Property
The process of buying real estate in a short sale is a little different than purchasing a home from an individual because you dealing with an corporation instead of a person. Once the bank accepts your offer, the title company working with the bank will handle all of the title and escrow details of the purchase agreement. With a short sale, as a buyer you have to proceed swiftly. The title company and the bank may not act as quickly owing to the large amount of paperwork involved in selling a property in this manner.
To speed up the process of purchasing a home in a Short Sale, get all of the required documentation in as quickly as you can. Generally there is a month or more before your closing date but that does not mean that nothing is going on. There is a complicated behind the scenes process involved in the mortgage documents and the transfer of the property. Keep in touch with your lender and realize that you are dealing with a corporation and not a person so the process will be a little different. The time before closing will slide by, and you will be in a great new home.
Lee Bell
http://www.articlesbase.com/real-estate-articles/buy-a-short-sale-for-a-great-deal-712659.html
If you dream of your own beachfront villa, then Brazil is the right destination for you. Who will not like to retire in his own beachfront villa and spend a peaceful and luxurious life? With the scarcity in beachfront lands throughout the world, the prices of beachfront real estate are exorbitantly high. Luckily, Beachfront real estate in Brazil is still available at reasonable and affordable prices.
With an increase in the population and the standard of living through out the globe, there has been an increase in demand for beachfront and ocean front property and this has made the prices of beachfront real estate soar very high. Brazil is a country with excellent beaches and offers a lot of beachfront land. Rio de Janeiro in Brazil is one place which is well known for its luxurious beachfront villas and Beachfront real estate in Brazil. The ocean view and beach front properties here have an excellent luxurious lifestyle in offer. It’s fully furnished villas and condominiums are loved by everyone.
Waterfront Villas, Oceanfront properties, private islands are few of the Beachfront real estate in Brazil which have a great deal in store for people who crave for a luxurious and peaceful lifestyle. Other surrounding areas of Rio de Janeiro in Brazil which also have beachfront real estate for less in Brazil are Ipanema, Cabo Frio, Buzios, Arraial Do Cabo, Copacabana, Angra Dos Reis and Paraty etc.
Apart from luxurious living with fully furnished and luxurious villas, the beachfront real estate in Brazil is also a sound investment opportunity for investors who are looking for a safe investment with potentials of high returns. With a very high growth in tourism industry in Brazil the property prices of Brazil are set to soar and the Beachfront villas are the one which are going to tremendously gain from the increase in tourism. The love for beaches and oceans is on a rise and tourists are headed for beaches and love to enjoy a peaceful stay in a beachfront villa or apartment.
It will be prudent to invest in beachfront land so that you can enter at the pre construction stage and reap maximum benefits or returns out of your investment. Once the construction is completed the prices of such properties are sure to multiply.
With the tremendous natural wealth and beaches, Brazil not only offers a hot destination for beach lovers and tourists but also offers an exciting opportunity for investors to invest in beachfront real estate in Brazil, which is not only a safe investment but is bound to prove to be a fruitful investment.
James Scurrah
http://www.articlesbase.com/real-estate-articles/beachfront-real-estate-in-brazil-great-investment-with-luxurious-lifestyle-704443.html
