Foreclosures

What is a foreclosure and how does it occur? When a homeowner (borrower) is unable to make his/her house payments for a certain period of time the foreclosure process kicks in. Being in this status means the borrower has now lost ownership of the property and the lending company is able to sell the property to the highest bidder at a Public auction.

With the economy the way it is, one of the devastating results has been a massive amount of foreclosures nationwide. Which if you are an investor, this can be a great thing to take advantage of.

If you live near the Seattle area, ForeclosurePlatform.com has available resources detailing every foreclosure in all of Western Washington. On a continuous basis, properties are updated with any changes that may occur from auction sale dates to opening bid amounts and even postponed properties and cancellations. If you are looking for Seattle short sales, it is the best website to keep you up to date.

Read why foreclosures are undervalued and why they create great investments to buyers. There are many reasons to purchase foreclosed properties and the greatest advantage is the price reduction! If you want to learn more about foreclosures click here.

Buying your first home

So you have finished college, met the love of your life, you are in a stable career and you are now looking into buying your first home! Ok, so the reality of life is nothing happens in that order, or exactly like that. Anyway it happened, you are now looking into buying your first home!

There are many things to consider when you are looking into buying your first home. You have to look at different areas and neighborhoods until you find the home that is right for you. You have to know your budget so that you know what price ranges you are looking at. Buying a home is not only about getting in the home but also being able to stay in the home. The costs you have to remember include paying insurance, property taxes, maintenance, or home owner dues along with your monthly mortgage payments. So make sure to do the math when you are looking into new home ownership so you do not miscalculate!

Do not be part of the crowd that got into risky mortgages and are now getting kicked out because they can not afford there bills. Be smart when looking into new homes. Do a lot of research and be educated on everything you need to know before you get into a mortgage you truly can not afford!