What Happens to Repossessed Houses?
When a home is repossessed, the lender has taken back ownership. They weren’t paid according to the terms of the agreed-upon mortgage. Sadly, this usually happens when consumers buy a home they can’t afford. For other households, they had every intention of making those payments. However, life interrupted those plans due to a death, divorce, […]
How do I Find Mobile Home Repos?
There is a lot of competition to find foreclosed mobile homes as there is a lot of profit on the purchase and the sale. What are the best places to find mobile home repos? Here are some places: Estate Agents Craigslist The County Assessor’s Office Sellers of mobile homes Neighbors What are mobile home repos? […]
Practical Benefits of a Repurchase Agreement
The repo market has been growing in popularity over the last few years. Recent studies have shown that more than $2 trillion is traded daily in the repo market. What is a Repurchase Agreement? A repurchase agreement or repo is a short-term loan where a dealer and another party agree to exchange government securities in […]