Tag: understanding

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Understanding Foreclosure Defense: Strategies and Options

The compensation we receive may impact how products and links appear on our site. It is highly likely that the lender or bank has cleared all past liens and paid all the taxes to speed up the sale process. As you regain your financial footing, you can leverage these learnings to avoid repeating the same mistakes. According to the Federal Housing Finance Agency, one of the best ways to avoid a foreclosure is to spot early signs of trouble. Understanding these indicators allows you to take proactive steps to regain control of your financial situation. Foreclosure is a legal process that may ultimately lead to an eviction.

  • The highest bidder at the foreclosure sale becomes the new owner of the property.
  • When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said
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A Complete Guide to Understanding Condos: Everything You Need to Know

Also, a fixed-rate mortgage payment gives you more certainty in the long term because you no longer need to worry about rent hikes. The distinction between a complex of residences, such as an apartment building, and a condominium is purely legal. There is no way to differentiate a condominium from any other residential building simply by looking at it or visiting it. A building developed as a condominium could actually be built at another location as an apartment building . One of the most appealing benefits of condo living is the access to a range of amenities that might be costly or impractical to have in a single-family home. Most condos feature swimming pools, fitness centers, or a rooftop patio.

  • Your landlord may have it written in your lease that you’re responsible for association fees and utilities, or they may adjust your rent to cover the cost.
  • These amenities make
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Georgia Foreclosure Timeline: Understanding the Process and Key Stages

Stay tuned to learn how foreclosure can be addressed and overcome, including strategies for challenging it and how therapy can help in the process. Let’s uncover the complexities of foreclosure and explore ways to foster openness and exploration in thinking. But if a bidder, say a third party, is the highest bidder and offers more than you owe, and the sale results in excess proceeds (more than what’s needed to pay off all liens), you’re entitled to that surplus money.

  • Renegotiations can include lowering the principal due or temporarily reducing the interest rate.
  • You should take immediate action to find an attorney to represent you so you can go back to sleeping well again.
  • Fannie Mae’s guidelines allow you to reapply for a mortgage four years after a short sale with a 10% down payment.
  • Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance
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Trudeau’s bashing of real estate investors shows lack of understanding

Trudeau’s bashing of real estate investors shows lack of understanding

Trudeau should be the lead cheerleader in attracting investments to the housing sector, not the enemy

Published Oct 30, 2023  •  Last updated 6 days ago  •  4 minute read

Prime Minister Justin Trudeau during a news conference in Ottawa. Photo by Sean Kilpatrick/THE CANADIAN PRESS files

Housing construction in Canada has not kept pace with population growth since the early 1970s. But despite the evidence and the realization that insufficient housing supply has contributed the most to worsening housing affordability, Prime Minister Justin Trudeau is now blaming investors and corporations for contributing to the crisis.

Trudeau believes housing has been commodified by investors and corporations that use “homes as an investment vehicle — rather than families using them as a place to live, grow their lives and build equity for their future.”

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What is a Condo? A Comprehensive Guide to Understanding Condominiums

Tengah Town, near the condo location, is envisioned as a smart and sustainable living model. SORA Condo residents can enjoy the existing J-Walk network, providing sheltered pathways linking different parts of the district. The 360-hectare JLD is slated to become the largest mixed-use business district outside the city centre. Financing is one of the most important consideration to your purchase. As this development is under construction upon purchase, buyers can learn more about the payment scheme and do a calculation prior to your visit using the progressive payment calculator.

The expenses of maintaining the joint property are shared pro rata among the owners. A homeowners association , whose members are the unit owners, manages the condominium through a board of directors elected by the membership. Another variation of this concept is the “time share”, although not all time shares are condominiums, and not all time shares involve actual ownership of …