1 Articles match "Book","December","Maine"
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Secrets of Pre-Foreclosure Investing
On December 18, Congress passed new legislation to eliminate taxes on mortgage debt. Buying pre-foreclosures has two main advantages over buying at the auction or purchasing bank-owned properties, according to Siems. Moreover, pre-foreclosure investors need to investigate hidden liens, unpaid federal and local taxes and other undisclosed title problems. “If you miss a lien or a second mortgage, you might acquire a property over-encumbered and in debt,” warned McManus, the book author and Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace.
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
|
MORE
|
-
Secrets of Pre-Foreclosure Investing
On December 18, Congress passed new legislation to eliminate taxes on mortgage debt. Buying pre-foreclosures has two main advantages over buying at the auction or purchasing bank-owned properties, according to Siems. Moreover, pre-foreclosure investors need to investigate hidden liens, unpaid federal and local taxes and other undisclosed title problems. “If you miss a lien or a second mortgage, you might acquire a property over-encumbered and in debt,” warned McManus, the book author and Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace.
www.realtytrac.com
- Tuesday, February 3, 2009
