Tag Archives : auction

If a co-op asks for your financial history, then it is his right. The reason being, he is the buyer. This co-op comes to you with the hope that if the process goes further, you would be able to meet the coming responsibilities effectively, which will be spread out on the monthly basis. Of course, this would be in addition to the personal mortgage payment.

A great opportunity for prospective home buyers and property investors has come with mortgage crisis and recession, which has left in its wake an avalanche of foreclosed properties. This window of opportunity though is rife with perils, especially if approached via the public auction. Banks offer better passage, however, at cost.

Foreclosure is a commonly used term in which the owner’s right to property forcefully comes to an end due to his/her incapability of making principal or interest payment. These payments are done in exchange of the money borrowed or loan taken from the lender.