Things to Consider Before Buying a Foreclosure
June 6, 2013 by themathercompany
Filed under Blog, Buyers, Columbia Real Estate, Columbia SC Real Estate, DIY, Foreclosure, Local Real Estate Information, Renovations, South Carolina Real Estate
Your buyers may be drawn to distressed properties. After all, “the No. 1 reason to buy a foreclosure is the potential for a good bargain,” Read more
When Foreclosure Affects Children
July 25, 2012 by themathercompany
Filed under Blog, Financial, General Real Estate Information, Homeowners, Mortgage
Parents going through foreclosure may see it as a nightmare, a broken promise of the American Dream. Many might try to hide the stress and the effects of foreclosure from their children to keep them from worrying. Read more
4 Questions to Ask Before Buying a Foreclosure
February 20, 2012 by themathercompany
Filed under Buyers, Columbia Real Estate, General Real Estate Information, Local Real Estate Information, South Carolina Real Estate
Foreclosures can offer big bargains, but buyers need to be careful that they don’t get over their heads in purchasing a home that may need more repairs than they bargained for.
Foreclosures are usually sold as-is, and homes that are left vacant standing too long can have a lot of maintenance problems. Read more
Fannie Mae, banks halt foreclosures for the holidays
December 7, 2011 by themathercompany
Filed under Blog, Columbia Real Estate, General Real Estate Information, Homeowners, Local Real Estate Information, South Carolina Real Estate
NEW YORK (CNNMoney) — Happy holidays struggling homeowners! Fannie Mae, Freddie Mac and several large mortgage lenders have pledged not to foreclose on delinquent borrowers during the Christmas season.
For homeowners with loans through Fannie Mae (FNMA, Fortune 500) and Freddie Mac (FMCC, Fortune 500), the moratorium will run from Dec. 19 to Jan. 2. During this time, legal and administrative proceedings for evictions may continue, but families will be allowed to stay in their homes, Fannie said in a statement.
“No family should have to give up their home during this holiday season,” said Terry Edwards, an executive vice president for Fannie Mae. Read more
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