How to buy a foreclosure
May 7, 2010
NEW YORK (CNNMoney.com) — You want to buy a foreclosure? Remember, there are both great opportunities and great pressures and pitfalls in this market.
First, you have to decide at what stage of foreclosure you want to buy. There are three options: 1. pre-foreclosure; 2. sheriff’s auction; 3. repossession, called REO (for real estate owned by the bank).
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13095 Quaker Hill Cross Road, Nevada City California
April 28, 2010
CRAFTSMAN FARMHOUSE built from an AWARD WINNING architectural design. Stunning representation of workmanship.The RED CEDAR SHINGLEexterior exudes Sunset Magazine appeal.The classic front porch segues to the GREAT ROOM with 9′+ fir ceilings.Double French Doors & Fireplace alongwith the custom built-ins are highlighted by the Vertical Grain Douglas Fir Bead board Wainscot & Moldings. Doug Fir windows & doors throughout speakquality.Huge Entertainer’s Kitchen has perfect design.SPLENDID MASTER SUITE w/ private patio.
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5 Costly Mistakes First-Time Buyers Make
April 20, 2010
Buying a first home can be a daunting experience. Here are five common and costly mistakes that novice home buyers make:1. Ignoring the costs of having a low credit score. Lower-score borrowers pay thousands of dollars in increased interest rates over the life of the loan.
2. Muddying the waters by shopping for other things before closing. Lenders continue to check credit scores right up until the time of closing. Too much shopping could cause the lender to take back the loan.
3. Scrimping on an inspection. Being surprised by the need for expensive repairs can be financially devastating.
4. Buying without contingencies. Buyers should give themselves an out if the inspection turns up problems or the bank raises the interest rates.
5. No money for insurance. Insurance can be surprisingly pricey. Buyers who don’t budget for it can face a nasty surprise.
11352 Marjon Drive Nevada City California
April 15, 2010
ONLY $166/SqFt!! ***ARCHITECTURAL DRAMA*** Jeff Gold AIA major remodel + addition. NEW ‘09 Deck + FULL Int & Ext Paint. 3+/- yr newMAHOGANY FLOORS. 2 HOME OFFICES. Stunning GRANITE Wall + Hearth w Woodstove.
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11293 Willow Valley Road Nevada City California
April 15, 2010
VINTAGE FARMHOUSE RESTORED & UPDATED for today’s lifestyles. Historically this was the Texas Placer Land & Mining Office converted to a residencein the 60’s and remodeled in 2006. Fantastic 1+ Acre lot in one of Nevada City’s best locations.
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