Handling closing costs

New York Daily News - Business - Handling closing costs: "Anthony Baglio recently closed on his first home - an all-brick, three-bedroom attached house in Brooklyn that features a garage, driveway and back yard. Best of all, the property is within walking distance to Marine Park, where Baglio rides his bike.
'I fell in love with the location,' said Baglio, 31, who has been living nearby in the borough at Old Mill Basin.
For these amenities, Baglio is paying $515,000. His home closing costs came to about $17,000 extra. But "
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Sellers beware: Oregon company offers cash for vacant lots

The Port Townsend Leader OnLine: "If you own a parcel of vacant land and received a letter from an Oregon company offering to buy it recently, you're not alone.

Land Research Foundation of Beaverton, Ore., sent possibly hundreds of letters Aug. 9 saying that the company buys vacant land and holds it for long-term investment. On its website, the company says it buys properties that are either tax-delinquent, in areas where 'the economy is extremely depressed,' or where values are 'not appreciating.'"
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How Investors Can Profit When the Real Estate Bubble Bursts

How Investors Can Profit When the Real Estate Bubble Bursts: "The signs are there. Late
last month, Federal Reserve chairman Alan Greenspan predicted 'the housing
boom will eventually simmer down.' Existing home sales slipped 2.6% in July.
And homeowners throughout the country - many of whom have recently bought
at record-high prices - are nervously waiting for the ball to drop.
But one real estate investment company is actually looking forward to the
day the bubble bursts because it will open the doors to an enormous number of
distressed properties that can be bought at big discounts"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Nashville City Paper

Nashville City Paper: "There is no free lunch
You get what you pay for. Or do you? Sometimes you get less than you paid for, you get taken advantage of. The product falls short of generally accepted standards.

My Dad corrected this line, offering the sage advice You pay for what you get. His favorite quote was . There is no free lunch. Quality isn't free.

When buying a custom built house, homeowners expect craftsmanship. When investing over a million dollars in a development of McMansions in Brentwood or Franklin (or anywhere for that matter), you expect quality. Such is not always the case.

The problems
No one is documenting the extent of the problem, but some estimates claim that 15 percent of all new homes are seriously defective. Experts say the fast pace of construction is a cause. They point to several other contributing factors."
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Pros and cons of selling real estate by owner

Inman Consumer News: "Negotiating price, settling deal tricky for some


Friday, September 09, 2005
A few days ago on a flight to San Francisco, I was seated next to well-known neurosurgeon Dr. Richard Parkinson from Sydney, Australia. He had been involved in a symposium at Northwestern University Medical Center in Chicago and was returning home.
After I told him my two neurosurgery stories, including how a University of Minnesota medical center neurosurgeon saved my father's life, Dr. Parkinson wisely changed the topic by asking, 'And what do you do?' "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Buying first home? Renovate gradually, don't break budget

Philadelphia Inquirer | 09/09/2005 | Buying first home? Renovate gradually, don't break budget: "This article is an excerpt from 'What No One Ever Tells You About Renovating Your Home' (Dearborn Trade, $18.95).
Sometimes, first-time home buyers jump into extensive and costly renovation projects just a few days after they walk in the front door for the first time. They later end up with much more than the new bathroom they wanted.
Why? Inexperience, compounded by enthusiasm. Our society seems to thrive on instant gratification. We want it now, even if it puts us "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Home foreclosures are on the rise

ThisWeek Newspapers: "For many Americans, homeownership lies at the core of our American Dream. The last U.S. Census found that 66 percent of Americans and 69 percent of Ohioans own their own homes.
Clearly, one of life's most disturbing events is the loss of one's home through foreclosure. Having worked so hard to reach this goal, it can be devastating to have it slip away.
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This is the first of a series of three guest columns on this issue, which is becoming so critical to many of our families and all of our communities. For today, we focus on some of the primary reasons why home foreclosures occur"

Georgia foreclosures fourth highest in August

Georgia foreclosures fourth highest in August - 2005-09-08: "Georgia had 6,798 foreclosed residential properties available for sale in August, behind Texas, Ohio and Michigan. In August, 1,974 new foreclosed properties were available for sale, according to the Boca Raton, Fla.-based firm that tracks residential foreclosures nationwide.
A total of 93,440 foreclosed residential properties were available for sale in the United States, a 3 percent increase from the foreclosed properties available for sale during July, the company reported. The total number of new foreclosures in August was 24,328, which was a decline from July. "
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Use Hurricane Katrina as lesson to get your finances straight

Use Hurricane Katrina as lesson to get your finances straight - The Clarion-Ledger: "As I continue to watch the horrific news reports of the hundreds of thousands of people displaced from their homes because of Hurricane Katrina, I wonder what I would do if my home was in imminent danger of being destroyed by a fire, hurricane or some other natural disaster.

What would I grab? Could I quickly put my hands on the important documents that I would need once my main concern wasn't fleeing to safety. Could you?"
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Insurers begin estimates of Katrina losses

Crain's New York Business news, lists, rankings, directory and more: "Odyssey Re Holdings Corp. said today that it expects to lose up to $65 million because of Hurricane Katrina, the first estimate from a New York-area insurer.

The Stamford, Conn., underwriter of property and casualty reinsurance said its quarterly after-tax loss would be between $52 and $65 million and pretax loss would be $80 million to $100 million. Other insurers said they are still assessing the damage"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Katrina disaster trains a spotlight on homeowner's policies

Katrina disaster trains a spotlight on homeowner's policies | csmonitor.com: "Homeowner's insurance is an afterthought for many consumers. While insurance is required to secure a mortgage, few expect to use their policy for anything more than slight damage from a leaky water heater or a few broken windows in a hailstorm.
But natural disasters like hurricane Katrina shed new light on the need to reexamine your insurance policy and sign on the dotted line after you've determined the breadth of coverage you need to protect your assets in a worst-case scenario"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Homeowner's Insurance In Washington Not Affected By Katrina

KIROTV.com - Money - Homeowner's Insurance In Washington Not Affected By Katrina: "Your homeowner's insurance may not go immediately up as a result of Hurricane Katrina, but the Insurance Commissioner's office tells us it may increase down the road. Meantime, we're already seeing other impacts, as gas prices climb and there are predicted shortages of certain building materials, such as window glass and plywood"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.