Real Estate Headlines for Wednesday, October 1, 2014
Word of the Day

Judgment. Court decree stating that one person is indebted to another. Also specifies the amount of the debt.

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Q: How Can I Protect My Home from Creditors?

A: Check with your state. It may provide special protection through the filing of a homestead exemption, which exempts some or all of the value of your equity in the homestead – the home that you live in and the ...

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Painting or Re-carpeting? Match Room Colors to Lighting

When it comes to most basic DIY projects—interior painting and replacing carpeting—I was surprised to learn how often folks wade in, carefully plotting color and pattern schemes with little or no attention paid to the type of light or light...

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Other Recent Real Estate Headlines
Q: What Are Subprime Loans?

A: Subprime mortgages are made to borrowers, usually at a higher interest rate, who do not meet traditional credit criteria or who have unconventional borrowing needs. Factors that can prevent someone from meeting the ...

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Word of the Day

Junior mortgage. Any mortgage, such a second or third mortgage on a property, which is subordinate to the first one in priority.


 

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7 Kinds of Toys to Avoid This Holiday Season

As leaves begin to turn and pumpkin patches spring up on every corner, it is a clear sign the holidays are approaching—and with them, the annual predictions of toys that will be ‘hot’ this season.

 

But full-time...

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Q: What Is a Balloon Mortgage?

A: It is a mortgage in which the entire unpaid principal becomes due and payable on a given date, five, ten, or any number of years in the future. The borrower must pay up, refinance, or lose the property.   Story

What Sellers Should Know about Latino Homebuyers

I have writing a lot about the growing population of Latino real estate consumers. Since September is Hispanic Heritage Month, it's appropriate to pass along some relevant information about the 'Latino Factor&#...

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Word of the Day

Prepayment penalty. Fee charged by the lender when a borrower repays the loan early.

 

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TOP 5 RC - Q: Seller Financing: How Does the Seller Determine What Rate to Provide?

A: The interest rate on a purchase money note is negotiable, as are the other terms in a seller-financed transaction.  To get an idea about what to charge, sellers can check with a lender or mortgage broker to det...

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