Foreclosed Homes worth to buy?

Yeah, So am I did those b4...
Preferable includes comes with property tax and fees and mortgage at the once.. easier for us.. than large of sum payments within 4 installments payments. We prefer includes at once less the headache.. ((chuckles))
Hopefully we'll find a right taste country house soon. Right now we are living rent house.. pretty quite no investment which is the sucks! ha ha
Really quite good experience with these buy house and other stuffs too..

Concern about Investment likely mutal funds and others too.. can be con or pro depend on company who being honest deal with.. *sigh*
We still working on our researching and to find properly agency of investment whcih is the best faster growth than slower.. Of course investment growth faster can be highly risky.. worth for our try at once.. as our lifetime experience.. lol

What yours?


DeafSCUBA98 said:
same as mine 30 year... its much cheaper than 15 year loan or 5 year ARM..

however u can pay more principal than it... so it will make it less years..

as for mine.. 7.5% loan for $60.7K
cost me $424.24 per month

comes with escrow fee so the total payments i had to made is $508.10 per month :D

as for those who don't uddy what escrow fee is.. it means Home Insurance and property taxes all together..

this i don't have to worry about pay a thick payment every 6 month.. so escrow is a best method.. no worries about thick payment every 6 month
Click to expand...
 
Bullym0m said:
Yeah, So am I did those b4...
Preferable includes comes with property tax and fees and mortgage at the once.. easier for us.. than large of sum payments within 4 installments payments. We prefer includes at once less the headache.. ((chuckles))
Hopefully we'll find a right taste country house soon. Right now we are living rent house.. pretty quite no investment which is the sucks! ha ha
Really quite good experience with these buy house and other stuffs too..

Concern about Investment likely mutal funds and others too.. can be con or pro depend on company who being honest deal with.. *sigh*
We still working on our researching and to find properly agency of investment whcih is the best faster growth than slower.. Of course investment growth faster can be highly risky.. worth for our try at once.. as our lifetime experience.. lol

What yours?
Click to expand...

The neighborhood with a good school is usually the best place to invest in. Good luck Bullymom!
 
Interesting...
I enjoying myself to read all of your posts over those buying/selling the house in your country to see how compare between your & my country.
>
I must say what you talking about is almost compare Germany. There're good advantage in your country about fixed loan for 30 years with same interest. Here in Germany have only 2 to 5 & 10 years fixed loan with interest.

We look for any offer for low interest few months before the 10 year fixed loan is run out. If there're high interest then do with 2 years fixed loan,
if there're low interest then do with 10 years fixed loan.
>
I would like to reccommend you all do something correctly/safety before buying or selling the house.
>
NEVER sign the Agreement contract if you are not sure....
GIVE your Agreement contract to lawyers or Insurance company to check first before sign the contracts.
Always HIRE the house inspection to estimate the house prices if you want to buy/sell the house.
>
It didn't cost you much to make sure the correctly before you do something is more safety than regret......
>
We bought the land to build our country house. We gave everything to our lawyer to check... My lawyer do something to forward the Bank, owner, building firm/contractor etc to add it on our Agreement contract. They do is protect the safety.
>
Please think carefully because it's big step to buy or sell the house...

Good Luck & successful to buy/sell the house... :)
 
Liebling:-))) said:
Interesting...
I enjoying myself to read all of your posts over those buying/selling the house in your country to see how compare between your & my country.
>
I must say what you talking about is almost compare Germany. There're good advantage in your country about fixed loan for 30 years with same interest. Here in Germany have only 2 to 5 & 10 years fixed loan with interest.

We look for any offer for low interest few months before the 10 year fixed loan is run out. If there're high interest then do with 2 years fixed loan,
if there're low interest then do with 10 years fixed loan.
>
I would like to reccommend you all do something correctly/safety before buying or selling the house.
>
NEVER sign the Agreement contract if you are not sure....
GIVE your Agreement contract to lawyers or Insurance company to check first before sign the contracts.
Always HIRE the house inspection to estimate the house prices if you want to buy/sell the house.
>
It didn't cost you much to make sure the correctly before you do something is more safety than regret......
>
We bought the land to build our country house. We gave everything to our lawyer to check... My lawyer do something to forward the Bank, owner, building firm/contractor etc to add it on our Agreement contract. They do is protect the safety.
>
Please think carefully because it's big step to buy or sell the house...

Good Luck & successful to buy/sell the house... :)
Click to expand...


Yup Liebling,
We are doing it same thing...
*wink* Thanks for your bring large tip with us.. LOL
by the way.. you're the most welcomed this topic message board and feedbacks about different countries too..
Love to hear more other countries' policy of mortgage etc etc..
My Canada system pretty lotz of tricky their system.. that why we are kept caution.. with these stupid banks.. We prefer stick with Broker which is seriouis settlement and low percentage rates than banks higher interest plus tricky hide their fees full of b.s. etc etc..

((Chuckles)) Thanks Liebling.. again! :)
 
Bullym0m said:
Yup Liebling,
We are doing it same thing...
*wink* Thanks for your bring large tip with us.. LOL
by the way.. you're the most welcomed this topic message board and feedbacks about different countries too..
Love to hear more other countries' policy of mortgage etc etc..
My Canada system pretty lotz of tricky their system.. that why we are kept caution.. with these stupid banks.. We prefer stick with Broker which is seriouis settlement and low percentage rates than banks higher interest plus tricky hide their fees full of b.s. etc etc..

((Chuckles)) Thanks Liebling.. again! :)
Click to expand...
well... i did the loan under a bank.. They're not tricky. I had an agent to help me out through this make sure i understand they hired an interpreter for me when i was there at meeting and them explaining about the contracts. also home agent is with me at that time telling me its good idea... or bad idea...

Banks offer a better deal.. only if you have an account with them. and safer than brokers brokers can trick you.. since there's no law about them and brokers are their own business.. and aren't under government.. most banks are under government like mine "Wells fargo" always look for FDIC logo

however.. most banks are requiring you to have a home insurance ( i agree with the bank on this issue) in case your house is on fire, theif, damage, flood, airplane hit ur house, bomb, war, riot, etc.etc.. whatever can cause your house to have a damage or you damage to others like a person fall down and sue you for wrongful.. insurance covers those.. i support that idea to protect your finincial needs.


another postive thing about banks.. if you have budget problem like u lost your job.. banks is willing to give you a weive of 3 months without paying under the mortgage insurance. many brokers don't offer that.. they must have payment on time.. no matter what happens.. and if you don't pay they'll take ur house.

there's many pro and cons between banks and brokers.. so do alot of research
 
Bullym0m said:
Yup Liebling,
We are doing it same thing...
*wink* Thanks for your bring large tip with us.. LOL
by the way.. you're the most welcomed this topic message board and feedbacks about different countries too..
Love to hear more other countries' policy of mortgage etc etc..
My Canada system pretty lotz of tricky their system.. that why we are kept caution.. with these stupid banks.. We prefer stick with Broker which is seriouis settlement and low percentage rates than banks higher interest plus tricky hide their fees full of b.s. etc etc..

((Chuckles)) Thanks Liebling.. again! :)
Click to expand...

Welcome :P

Me, too... I like to share our interesting how difference between your & my country... etc...
I´ll bring some news to thread the forum when I get any news... :angel:
 
Liebling:-))) said:
Welcome :P

Me, too... I like to share our interesting how difference between your & my country... etc...
I´ll bring some news to thread the forum when I get any news... :angel:
Click to expand...
i wonder does home values in germany raise yearly?

and what's the average price for the average house?
 
List of good invest for ur home
- Good neighboorhood
- Crime rates low
- Good schools
- Less traffic
- Lake next to home or nearby
- few noisy
- good houses around you

List of bad invesment
- near downtown
- too much traffic
- near highway
- bad neighboorhood
- crime rates high
- messy junk houses around you
- train tracks nearby
- factory or sewer nearby
- airport nearby

if u guys have more list to say.. fireaway :D
 
Hi
Give me time to respond your questions...
Maybe this weekends... :)
 
I bought my condo 12 years ago in gangland Santa Ana, California and it was a foreclosure for 30 grand. My mom screamed at me for buying a condo in a place where bullets flew more than flies and that I made a bad investment.

Now thanks to Police Chief Paul Walters for cleaning up the area and the Conservation Corps refurbishing up many of the run down homes in my neighborhood and the local homeowners for closing off some of the streets frequented by 'getaway gangsters'. My condo is now valued at 150 grand and I'm dammed proud of my investment considering the risks I took.

This is my experience and not to construe as advice of any kind.

The famous "Location, Location, Location" term still a viable guide to anyone who wishes to participate in the great American dream of home ownership.

Richard Roehm
 
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