PNN – the Foreclosure Foresome 3/10/13 One of the elements to putting down your EMD is a signed contract and the date is critical when it comes to post foreclosure financing. Since FHA is insuring the loan, the date of the contract must be at least one day after the 3-yr anniversary date to meet the guidelines for FHA (not a lender overlay).
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PNN – the foreclosure foresome 3/10/13 pre-foreclosures Pre-Foreclosures. The lender initiated foreclosure proceedings on these properties because the owner(s) were in default on their loan obligations. Pre-foreclosures also include properties for which a foreclosure auction is scheduled.
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PNN – the foreclosure foresome 3/10/13 PNN – the Foreclosure foresome 3/10/13 find pre foreclosures before they hit the market in Delaware – before they are even listed – at Foreclosure.com. There are currently 583 pre foreclosure homes in Delaware, that are potentially available for sale at drastically reduced prices. Happy pi day, 3.14.
PNN – the Foreclosure Foresome 3/10/13 Foreclosures are properties that belonged to people that did not pay their mortgage payments on time. Unfortunately, lenders will issue default notices to these poor homeowners saying their houses are in the process of going into foreclosure.
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