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From the monthly archives:

November 2009

What is a Subprime Mortgage?

by John TayebNovember 8, 2009 mortgage

Subprime is all over the news. Find out how this market flared up, why it’s burning out and how it could affect your finances. A subprime mortgage is a type of loan granted to individuals with poor credit histories (often below 600), who, as a result of their deficient credit ratings, would not be able to qualify for [...]

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Short Sales And Foreclosures: When It’s Time To Move On

by John TayebNovember 6, 2009 Foreclosures
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When the value of a home drops by 20%, it’s tempting to let it go into foreclosure, or work out a short-sale agreement with the bank. But giving up a current home in the hopes of paying less on a future home may cost even more money – or put your finances in a riskier [...]

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Foreclosures: Bargains Or Money Pits?

by John TayebNovember 5, 2009 Foreclosures

Buying a foreclosure (FCL), or a property that the bank has taken away from the owner because he or she stopped paying the mortgage, is often touted as a way for both owner-occupants and investors to get a great deal on a property. However, the potential financial rewards of buying a foreclosure don’t come without [...]

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Foreclose On High Housing Prices

by John TayebNovember 4, 2009 Foreclosures

Before the mortgage crisis of 2008-2009, buying a home that had been foreclosed upon was a much more difficult proposition than it is now. Real estate bargain hunters formerly had to follow auctions put on by courthouses or sift through reams of legal filings. But the wave of foreclosures brought on by the subprime meltdown [...]

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Busting Six Common Real Estate Myths

by John TayebNovember 1, 2009 Real Estate | General Info

Everyone knows someone who has made a small fortune in real estate. From buying houses and condos to purchasing commercial buildings, there is money to be made in the real estate market. But is it sometimes “too good to be true?” Can you really make a profit buying and selling properties? Here are a few [...]

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