Foreclosures and the Mortgage Meltdown
You've no doubt read that Michigan is 4th in the nation in foreclosures. The following article is interesting in that it explains how so many people got caught in this situation at this time. Click on this link to read more http://rismedia.com/wp/2007-10-17/a-mortgage-meltdown-quiz/.
4 Comments:
Great article on the real estate happenings, I really enjoy reading your posts. Just for your information, Donald Trump is in big trouble right now with his real estate empire. I hope everyone can pull through this slump!!
Elmo
Real Estate Professional
Buying International Real Estate
Andrew C. Weitnauer
1-2-2008
Have you ever thought about buying a second home in a foreign country? Most of us have spent a few minutes online drooling over some of these properties. However, most of us quickly let the dream fade away when we realize how complicated and risky this venture can be.
The hardest part about buying property abroad is that every country, state, and city has different rules and conventions. So to be smart about it we usually start by researching foreign ownership restrictions, tax ramifications, currency issues, etc. This can be very time consuming, costly, and may even lead to out dated and incorrect answers. Along with this, doubt usually sets in; what if the property is over priced and I’m the only idiot in the world who doesn’t know it?
The best way to purchase real estate in foreign places is to contact a trustworthy, local, real estate professional. A local real estate agent will be familiar with the market value of properties in the area you are searching, and they understand the local laws. Your next question is probably; how do I find a trustworthy local real estate agent?
There is a website called UniFersal.com, http://www.unifersal.com/index.php . You can find properties, look at property pictures, and even chat, call, or message a pre-screened, local real estate professional who speaks your language and specializes in the particular city you are searching in.
UniFersal.com does a background check on all of the real estate professionals that would love to help you buy real estate in their city. They confirm the professional’s real estate expertise in that city, and even ask for references.
If you are serious about buying a property in a foreign country, don’t try to do it alone. Use the internet to drool over properties, then get serious and contact a local professional.
Hey Everyone,
Here is a real estate tip for the new year. Don't pay for advertising. Check out sites like UniFersal.com and CraigsList.org.
UniFersal.com is an international real estate marketplace that lets people list properties/listings that are for sale or rent, for free. You can chat, message, or email buyers and sellers. You can also make and receive offers electronically.
I sell real estate in Minneapolis, MN. I have found UniFersal and CraigsList to be a great source of leads and the best part is they are both free.
Andy Weitnauer
I’ve always been interested in Real Estate System. I have read all I can and feel fairly good about my knowledge. My only problem now is my credit. I really need to get that worked out ASAP.
Thanks
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