A mortgage calculator is something which you need the most when your loveble home is in the brink of foreclosure
As the American Real Estate Market continues to improve, information about the home buying process is important in getting the best possible deal for your home purchase or home sale. A new buyer or seller sometimes may have outdated information about the real estate market which can hurt them on closing day.
If you are one of the many people who have been foreclosed out of their previous home, you may be able to purchase another home. After a minium of 3 years since the foreclosure, you can be eleigible to receive a mortgage. Read below to determine if you should be eligible.
As Julie Greenwood, Greater Albuquerque Association of Realtors President stated, " These numbers reflect a simple economic premise; when inventories get low, price starts to react". The February 2013 Market Report shows a February average sale price was $203,514 a month over month 9.38% increase from January 2013.
Realty Trac's 2012 U.S Foreclosures and Short Sales Reports mentions that 947,995 U.S properties that were in some stage of foreclosure were sold last year. This was a six percent decrease from 2011 and a whopping eleven percent from 2010. Just in the California Real Estate Market, foreclosure sales accounted for more than thirty eight percent of all residential sales.