Category Archives: Renting & Real Estate

What construction financing is available if I have vacant land and an offer to buy a house on that land?

J.R.H. asked: I live in an urban area and just found a vacant plot of land between two townhouses. I am interested in building a house with a cutting edge/modern design and eco friendly features. If I buy the land … Continue reading

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Mortgage Loan Modification?

jinxies asked: We are currently in great standings with our mortgage and the bank which holds the note. Due to unforeseen circumstances, we’ve got a reduction in income. We have a HELOC with another bank and about 50K in consumer … Continue reading

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I need some information on foreclosure prevention from Greentree Servicing?

The Southern Oracle asked: My mother has applied for Social Security Disability. Naturally the process is taking longer than we anticipated and it is getting harder and harder for my sister and I to keep helping her stay afloat with … Continue reading

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How will the crisis among sub-prime borrowers affect the housing market and the overall economy?

eliasulmonte asked: The American economy is driven first and foremost by consumer spending. Some think that this crisis will trickle down into the rest of the economy and snag businesses and people who have poor credit ratings and limit everyone’s … Continue reading

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Here is one for all you financial folks.Financing a foreclosure?

Blitz asked: I am looking at purchasing a foreclosure. It is going to need about $50,000 worth of repairs. I was told I could get 100% financing on the home, but can I take out another loan for the repairs? … Continue reading

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