#foreclosed property house and lot for sale

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Foreclosed Townhouse Morning Subd Taguig Lot 7-A

Spacious 3BR foreclosed townhouse in San Miguel, Taguig! Discounted price: ₱5.91M only! Unoccupied & title complete. Perfect for families or investors. Move-in ready or renovate! Bidding ends this Friday. Contact JM Listings for details! +63968-649-9260 #

📍 Lot 7-A. 5Th Street, Morning Sun Subdivision, Brgy San Miguel (Formerly Hagonoy), Taguig City, Metro Manila Property Features TYPE: TownhouseLot Area: 60 sqmFloor Area: 134 sqm✅ Property Title Complete and Clean✅ Unoccupied About the Development The Morning Sun Subdivision in Taguig, Metro Manila, is a modern residential development that offers brand new houses and lots. The properties in…

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San Antonio Actual Estate Discover Homes & Homes For Sale In San Antonio, Tx

Family-owned and operated, we’ve spent over 50 years building a sterling popularity as some of the trusted homebuilders in Texas and are committed to a convention of excellence. We offer new development homes which are move-in prepared and obtainable to build in Austin, Dallas / Fort Worth, Houston and San Antonio. All Perry homes include smart home expertise and an industry-leading new home guarantee. Our homes are designed for a variety homes for sale san antonio tx of life, are situated in the most desirable communities and are built to final. A new report from on-line actual property itemizing service Zillow says sellers have cut listings of low-, middle-, and high-price tiered homes in San Antonio in July. Sellers reduce 15% of mid tier listings, the very best quantity out of the three, with only 13.8% of excessive tier and eleven.3% of low tier listings being minimize.

Experience 360-degree, self-guided tours of all of our new home designs. See each design from avenue level or dollhouse floorplan view. Explore home and lot areas and availability in addition to the community format and model home location. Please zoom out or pan the map to view nearby communities. You can present feedback any time utilizing the Help button at the top of the page. The LoopNet service and data supplied therein, while believed to be accurate, are offered "as is".

You might consider checking our present record of obtainable companies for sale in San Antonio. You would possibly uncover a possibility to purchase a turnkey enterprise with a longtime buyer base. Search through hundreds of Commercial Real Estate listings currently out there for sale near San Antonio, TX. Save this search.

Contact an area real property skilled or the college district for current info on faculties. This info isn't meant to be used in determining a person's eligibility to attend a faculty or to make use of or benefit from other metropolis, town or local companies. Prepare and present paperwork together with real property related documents to customers buying a new Toll Brothers home. Inventory, however is still new homes san antonio attempting to catch up from the pandemic demand and the increase in mortgage rates made it harder to borrow larger quantities at an affordable fee. A 30-year fastened rate mortage is at present sitting at 5.22% after the U.S. federal interest rate increased. This secluded upscale group provides homeowners a hill nation way of life with the convenience of shopping, eating, and leisure nearby!

Please contact us should you can not properly experience this web site. This information just isn't verified for authenticity or accuracy and is not guaranteed and may not replicate all exercise in the market. If you're seeking to buy a house in San Antonio, TX, you've got come to the proper place. Coldwell Banker keeps you updated with the newest San Antonio MLS listing home builders in san antonio - including new homes for sale, townhomes for sale, condos for sale, foreclosed homes for sale, and land for sale. With Coldwell Banker's cellular app and website, you'll have the ability to customise your San Antonio home search to assist find the right place for you, from the location you like to the variety of bedrooms and bogs. Try checking out our interactive maps, photos, and faculty info.

New homes for sale within the San Antonio, Texas, space, Chesmar Homes has you coated. Texas Real Estate Commission Consumer Protection Notice Sotheby's International Realty Affiliates LLC absolutely helps the rules of the Fair Housing Act and the Equal Opportunity Act. Sotheby's International Realty, the Sotheby's International Realty brand homes for sale san antonio, "For the Ongoing Collection of Life" and RESIDE are registered service marks owned or licensed to Sotheby's International Realty Affiliates LLC. Say YES when alternative knocks, stay out-loud, and enjoy every minute in a Gatherings 55+ group.

Monte Vista residents value high quality, preservation and neighborhood involvement. Various occasions and meet-ups are held all year long to encourage residents to meet their neighbors and keep the cohesive community sturdy. The choices are topic to errors, omissions, changes, including worth, or withdrawal without notice. Search for San Antonio luxurious homes with the Sotheby’s International Realty network, your premier resource for San Antonio homes.

Have or be prepared to obtain a real property salesperson license. There are additionally openings for knowledgeable actual property salespersons and broker-salespersons. Austin sellers cut price of sixteen.5 %, 17.6 %, and 14% of listings within the low, mid, and excessive tiers respectively. Prices, plans, specifications new home builders san antonio, square footage and availability topic to alter without notice or prior obligation. Dimensions and square footage are approximate and should range upon elevations and/or options chosen. Elevation materials could range per subdivision requirement.

This fixer higher is zoned C1 and is ideal for a small retail retailer or workplace house. Royal Oak Estates is a gated neighborhood offering eighty' wooded homesites. Select a smaller number of properties and re-run the report.

[liabilityladen]

Article 1405 of the New Civil Code

Article 1405. Contracts infringing the Statute of Frauds, referred to in No. 2 of Article 1403, are ratified by the failure to object to the presentation of oral evidence to prove the same, or by the acceptance of benefit under them.

The statute of frauds is a legal concept that stipulates that certain types of contracts must be executed in writing to be valid.

Contracts infringing the Statute of Frauds are ratified by:

Failure to object to the presentation of oral evidence to prove the same

Acceptance of benefit under them

AVERIA vs. AVERIA

GR No. 141877 August 13, 2004

FACTS:

Macaria Francisco (Macaria) was married to Marcos Averia in which they had six children namely: petitioners Gregorio and Teresa and respondents Domingo, Angel, Felipe and Felimon. Upon the death of Marcos, Macaria contracted a second marriage with Roberto Romero in which they had no children. Upon the death of Roberto, he left three adjoining residential lots. In a Deed of Extrajudicial Partition and Summary Settlement of the Estate of Romero, a house and lot (Extremadura property) was apportioned to Macaria. Macaria then filed an action for annulment of title and damages alleging that fraud was employed by her co-heirs in which she was represented by Atty. Mario C.R. Domingo.

The case lasted for 10 years until the Court of Appeals (CA) decided in favor of Macaria entitling her to an additional 30 square meters of the estate of Romero. Her son Gregorio and his family and Teresa‘s family lived with her in the Extremadura property until her death. After six years, respondents Domingo, Angel, Felipe and Filemon filed an action for judicial partition against petitioners Gregorio and Teresa. In their defense Gregorio contends that Macaria verbally sold ½ of her Extramadura property to him and his wife Agripina because they were the ones who spent for the litigation expenses in the former civil case and that Agripina took care of her. Gregorio and co-petitioner Sylvana claimed that Domingo sold to Gregorio and Agripina his 1/6 share in the remaining ½ portion of the property. Upon hearing, Gregorio presented oral evidence to establish their claim of the sale of the property to them by Macaria and also the sale of Domingo of his share.

The Regional Trial Court of (RTC) decided in favor of Gregorio. The CA however, reversed the decision of the RTC on the ground that since the sale executed by Macaria in favor of Gregorio was in violation of the statute of frauds and it cannot be proven by oral evidence.

ISSUE

Whether or not parol evidence may be admitted in proving partial performance

RULING

With respect to the application by the appellate court of the Statute of Frauds following Article 1405 of the Civil Code, the contracts which infringed the Statute of Frauds were ratified by the failure to object to the presentation of parol evidence, hence, enforceable.

Contrary then to the finding of the CA, the admission of parol evidence upon which the trial court anchored its decision in favor of respondents is not irregular and is not foreclosed by Article 1405.

In any event, the Statute of Frauds applies only to executory contracts and not to contracts which are either partially or totally performed.

In the case at bar, petitioners claimed that there was total performance of the contracts, however it is not enough for a party to allege partial performance in order to render the Statute of Frauds inapplicable; such partial performance must be duly proved. But neither is such party required to establish such partial performance by documentary proof before he could have the opportunity to introduce oral testimony on the transaction. The partial performance may be proved by either documentary or oral evidence.

[iahmed197027]

Is Now The Time To Buy Real Estate?

Are you looking to purchase a reasonably priced home? If you are, you may turn toward foreclosure property listings online. Foreclosed property are often obtainable for sale at a sharply cut-rate price. With that believed, buyers need to be conscious that purchasing and living in a foreclosed home isn't as simple as it sounds. That is why a number of buyers decide on properties that are referred to as REOs. These properties are Real Estate Owned. As stated before purchasing and moving into a foreclosed home is not a sure bet. To begin with, some states are inclined to draw out the procedure. For instance, just because you successfully won the bid at a foreclosure auction, it does not signify that you can move in right away. In truth, you may still end up without a home. Why? Because a lot of states have redemption laws. These laws give aberrant borrowers time to get their mortgage back in excellent standing. Subsequently, it is imperative to know that many people do not want to leave their homes. A typical real estate agent, or a listing agent, represents the seller and tries to get the highest price for the seller. This is why picking your representation is very important. Of course, if you are selling your home, you would go with a typical real estate agent with good knowledge of the area you are working with. A listing agent should have the tools to get you the most for your property taking into consideration the economy toady. You want someone with your best interests in mind. It is important to distinguish clearly between the two distinct types of real estate representation so that you, the home buyer, or seller, gets the very most out of your real estate investment. Using these simple keys to investment, you can easily make the transition into the great world of being a home owner or a smart real estate mover. Find a good area with lots of expansion and development, know your economy for that given area, know your budget and find yourself good buying or selling representation, for whatever your real estate needs might be. This will make your search easier and faster. 2. Choosing your location. This is the most critical issue when purchasing a vacation home, especially in Belize where there are several locations that are breathtaking. Consider a place where it's near your favorite activity locations, such as scuba diving spots and other areas, with places where you can get supplies with not much of a hassle. 3. Consider the size of your family with the size of the vacation home. It won't be much of a problem if you're alone and with no family. 4. Do you want to buy a home that needs renovation or needs many improvements? Or just purchase a piece of land somewhere and have someone build the house instead? 5. Are you sure about the security of the place you want to purchase your property? All these things can be found in Belize real estate properties and you need not worry that you won't find that perfect place. In fact, in Sanctuary Belize, everything you may need in a vacation home is already there! The amenities are world-class and you'll be blown away with what awaits you and your family. Here, you have the freedom to choose where you want your house to be and rest assured, your house will definitely be as wonderful as you dream it would be. An attorney protects the buyer's interests at every step of the transaction. Attorneys fees generally range from $700 to $1,150. 11. Title insurance - this type of insurance protects the buyer and lender from claims that someone else owns the property or has a lien (claim) on it. Such claims can be from contractors who worked on the house and were not paid, mortgages that the seller has taken out and that need to be paid from the closing proceeds, or unpaid taxes or judgments. The rates for title insurance are set by the state so all companies must charge the same. The title insurance premium vary by state. 12. Buyer's transfer fee - in some states, a buyer who purchases real estate with a price of $1,000,000 or greater must pay a transfer fee of a certain percentage of the purchase price. Unfortunately, the closing costs always seem to be higher than what a buyer plans for. Your attorney will be able to guide you through the process so that you will not be totally surprised. If you are looking to buy a home, then you may have wondered where the best places are. Although real estate prices have comedown significantly since their peak in 2008, there are still many places that the experts consider to be overpriced. Let's take a look at some of your options. There are a few places in the United States where real estate has become pretty cheap. The best example of this is Detroit. Ever since the automobile companies went bankrupt and were required to restructure, they were forced to lay off many workers. This led to a cascading effect which caused other business to suffer and subsequently shut down. As a result, Detroit has one of the highest unemployment rates in the United States. Thousands and thousands of people have left Detroit to look for jobs elsewhere, and hardly anyone is moving in. This means that there are a whole bunch of houses on the market which can't sell.

[internationalrealestatenews]

[ad_1] Madera Residential has snapped up a distressed North Facet house advanced earlier than it hit the public sale block. The Lubbock-based agency acquired the 352-unit Summit at Salado Creek from Profit Avenue Companions, the lender that not too long ago took again the property through deed-in-lieu of foreclosures, the San Antonio Enterprise Journal reported.  The sale value was not disclosed. The property, at 12727 Vista Del Norte, was valued at over $50 million by the Bexar County Appraisal District final yr.  The earlier proprietor, Colorado-based DB Capital Administration, defaulted on a $45 million variable rate of interest mortgage. Madera will assume that mortgage — a transfer that’s turn out to be more and more widespread amid excessive rates of interest and difficult lending requirements, which have hindered actual property transactions throughout a lot of the nation since final yr. A foreclosures sale for Summit at Salado Creek had been scheduled for March 5. Multifamily misery has began to emerge in San Antonio. Austin-based syndicator GVA, led by Alan Stalcup, defaulted in November on a $56 million mortgage tied to the 285-unit Solara house advanced on the town’s North Facet, prompting the lender, LoanCore Capital, to pursue foreclosures.  GVA additionally failed to make its November and December mortgage funds for the 328-unit Bella Madera residences at 2914 Olmos Creek Drive in northwest San Antonio.  In a separate occasion of multifamily misery, lenders not too long ago foreclosed on the 220-unit Cover Residences. An LLC with ties to syndicator Elisa Zhang owns the North Facet property. —Quinn Donoghue  Learn extra [ad_2] Supply hyperlink

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Your Path to Affordable Housing: Government Foreclosed Houses for Sale at Auction

If you're like me and have actually faced the difficulty of finding economical housing, you may want to consider government foreclosed homes as a practical alternative. I have actually discovered that these properties can be a pathway to homeownership without breaking the bank. Let's get into the details of how you can make this option work for you.

What Are Federal government Foreclosed Houses?

When I first started checking out economical real estate choices, I was captivated by government foreclosed houses. These are homes that go into foreclosure because the property owner could not keep up with their home loan payments. In some circumstances, the lending institution is a federal government agency, like Fannie Mae or Freddie Mac. I've discovered that these properties can be more budget-friendly and often less competitive than other realty options.

How Can I Discover Foreclosure Listings Online?

Finding these properties online was my primary step. There are numerous websites that specialize in noting foreclosed homes, and they've been a fantastic resource for me. These websites assemble listings from banks, federal government agencies, and real estate agents, making it simpler to find what you're looking for.

When I look for homes, I use specific keywords to get the most appropriate results. For instance, I'll type in "federal government foreclosed houses" or "online property auctions" to make sure I'm finding listings that match what I'm searching for. This targeted approach has actually assisted me find some lots on properties.

Exploring Realty Auctions Online

Once you have found a suitable foreclosure listing, it's time to explore real estate auctions online. Lots of federal government foreclosed homes are sold through public foreclosure auctions online. These auctions supply a chance for possible buyers to bid on properties and potentially protect an excellent deal.

To participate in these auctions, you might require to sign up with the auction platform and provide certain paperwork read the website and evidence of funds. It is necessary to consumerfinance.gov acquaint yourself with the specific guidelines and procedures of each auction platform to make sure a smooth bidding process.

Sheriff Sales: Another Avenue for Budget-friendly Housing

In addition to online real estate auctions, another opportunity for discovering inexpensive federal government foreclosed houses is through sheriff sales. Constable sales are public auctions carried out by county constables where [More info here] residential or commercial properties that have actually gone through the foreclosure process are sold to the greatest bidder.

Attending a sheriff sale can be an amazing experience, but it is very important to come prepared. Research the homes up for auction in advance and set a budget plan for yourself. Furthermore, acquaint yourself with the rules and regulations specific to constable sales in your area.

The Benefits of Foreclosure Auctions

You may be wondering why you need to consider acquiring a foreclosed home at auction rather of going through conventional channels. Well, there are a number of advantages to be acquired from participating in foreclosure auctions:

Affordability: Foreclosed houses are typically cost significantly lower prices than their market price, making them an attractive alternative for budget-conscious buyers.

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[digestsbymarianpurpleink]

Torres v. CA, 320 SCRA 428

Topic: Partnership v. JVA

Doctrine

ART. 1315. Contracts are perfected by mere consent, and from that moment the parties are bound not only to the fulfillment of what has been expressly stipulated but also to all the consequences which, according to their nature, may be in keeping with good faith, usage and law.

Article 1767. By the contract of partnership two or more persons bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves.

ART. 1771. A partnership may be constituted in any form, except where immovable property or real rights are contributed thereto, in which case a public instrument shall be necessary.

ART. 1773. A contract of partnership is void, whenever immovable property is contributed thereto, if an inventory of said property is not made, signed by the parties, and attached to the public instrument.

SUPER SUMMARY

Sisters Antonia Torres and Emeteria Baring entered a “joint venture agreement” with Manuel Torres for the development of a parcel of land into a subdivision. The sisters executed a Deed of Sale covering the said parcel of land in favor of Manuel, who then had it registered in his name. By mortgaging the property, Manuel obtained from Equitable Bank a loan of P40,000 which, under the Joint Venture Agreement, was to be used for the development of the subdivision. All three of them also agreed to share the proceeds from the sale of the subdivided lots. However, the project did not push through, and the land was subsequently foreclosed by the bank. After Manuel and his wife was acquitted of the Estafa filed by Antonia and Emeteria, the two filed a civil case against Manuel, invoking now Art. 1769 and arguing that CA erred in concluding that the transaction of the parties was that of a partnership. 

Held: Negative. Under the Agreement, petitioners would contribute property to the partnership in the form of land which was to be developed into a subdivision; while respondent would give, in addition to his industry, the amount needed for general expenses and other costs. Furthermore, the income from the said project would be divided according to the stipulated percentage. Clearly, the contract manifested the intention of the parties to form a partnership. It should be stressed that the parties implemented the contract. Manuel caused the subject land to be mortgaged, the proceeds of which were used for the survey ansd the subdivision of the land. He also developed the roads, the curbs and the gutters of the subdivision and entered a contract to construct low-cost housing units on the property. Respondent’s actions clearly belie petitioners’ contention that he made no contribution to the partnership. Under Article 1767 of the Civil Code, a partner may contribute not only money or property, but also industry.

FACTS:

Sisters Antonia Torres and Emeteria Baring (petitioners) entered a “joint venture agreement” with Manuel Torres (Respondent) for the development of a parcel of land into a subdivision. Pursuant to the contract, they executed a Deed of Sale covering the said parcel of land in favor of Manuel, who then had it registered in his name. By mortgaging the property, Manuel obtained from Equitable Bank a loan of P40,000 which, under the Joint Venture Agreement, was to be used for the development of the subdivision. All three of them also agreed to share the proceeds from the sale of the subdivided lots. The project did not push through, and the land was subsequently foreclosed by the bank.

Subsequently, Antonia and Emeteria filed a criminal case for Estafa against Manuel and his wife, who were however acquitted. Thereafter, they filed the present civil case which, upon Manuel’s motion, was later dismissed by the trial court. On appeal, however, the appellate court remanded the case for further proceedings. Thereafter, the RTC issued a Decision ordering again the dismissal of the complaint, which, was affirmed by the CA. Hence, this Petition for Review on Certiorari. 

[Decided to include the pronouncement of CA on the issue on profits and losses. Justice Panganiban deemed it proper not to review it and instead included it in the “facts” portion of the decision. SKL, Justice Panganiban’s writing style is very law student friendly. TAMA behavior.]

On profits and losses:

CA:  Antonia, Emeteria and Manuel had formed a partnership for the development of the subdivision. Thus, they must bear the loss suffered by the partnership in the same proportion as their share in the profits stipulated in the contract. Article 1797 provides that the losses and profits shall be distributed in conformity with the agreement. If only the share of each partner in the profits has been agreed upon, the share of each in the losses shall be in the same proportion. In the absence of stipulation, the share of each partner in the profits and losses shall be in proportion to what he may have contributed, but the industrial partner shall not be liable for the losses.

ISSUE/S

Whether or not the Court of Appeals erred in concluding that the transaction between the petitioners and respondent was that of a joint venture/partnership. 

Whether or not a partnership is void when the real property contributed was not inventoried, signed and attached to a public instrument.

Whether or not Antonia and Emeteria are bound by the terms of the contract it entered with Manuel.

RULING

The Court ruled in the NEGATIVE.

A partnership was formed between the parties. Under the Agreement, petitioners would contribute property to the partnership in the form of land which was to be developed into a subdivision; while respondent would give, in addition to his industry, the amount needed for general expenses and other costs. Furthermore, the income from the said project would be 

divided according to the stipulated percentage. Clearly, the contract manifested the intention of the parties to form a partnership. 

It should be stressed that the parties implemented the contract. Manuel caused the subject land to be mortgaged, the proceeds of which were used for the survey and the subdivision of the land. He also developed the roads, the curbs and the gutters of the subdivision and entered a contract to construct low-cost housing units on the property. Respondent’s actions clearly belie petitioners’ contention that he made no contribution to the partnership. Under Article 1767 of the Civil Code, a partner may contribute not only money or property, but also industry.

The Court ruled in the NEGATIVE.

We clarify. First, Article 1773 was intended primarily to protect third persons. Thus, the eminent Arturo M. Tolentino states that under the aforecited provision which is a complement of Article 1771, “the execution of a public instrument would be useless if there is no inventory of the property contributed, because without its designation and description, they cannot be subject to inscription in the Registry of Property, and their contribution cannot prejudice third persons. This will result in fraud to those who contract with the partnership in the belief [in] the efficacy of the guaranty in which the immovables may consist of. Thus, the contract is declared void by the law when no such inventory is made.” The case at bar does not involve third parties who may be prejudiced. 

Second, petitioners themselves invoke the allegedly void contract as basis for their claim that respondent should pay them 60 percent of the value of the property. They cannot in one breath deny the contract and in another recognize it, depending on what momentarily suits their purpose. Parties cannot adopt inconsistent positions in regard to a contract and courts will not tolerate, much less approve, such practice. In short, the alleged nullity of the partnership will not prevent courts from considering the Joint Venture Agreement an ordinary contract from which the parties’ rights and obligations to each other may be inferred and enforced.

The Court ruled in the AFFIRMATIVE. 

Under Article 1315 of the Civil Code, contracts bind the parties not only to what has been expressly stipulated, but also to all necessary consequences thereof. x x x It is undisputed that petitioners are educated and are thus presumed to have understood the terms of the contract they voluntarily signed. If it was not in consonance with their expectations, they should have objected to it and insisted on the provisions they wanted. Courts are not authorized to extricate parties from the necessary consequences of their acts, and the fact that the contractual stipulations may turn out to be financially disadvantageous will not relieve parties thereto of their obligations to each other arising from acts executed in accordance with their agreement. They cannot now disavow the relationship formed from such agreement due to their supposed misunderstanding of its terms.

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New Post has been published on https://www.dawgsinc.com/protecting-vacant-properties-through-renovation-and-investment/

Protecting vacant properties through renovation and investment

Ensuring the stability of the housing market is crucial to prevent homes from becoming vacant and to quickly reoccupy those that have already been vacated. To achieve this, various strategies can be implemented, such as foreclosure prevention programs, rehabilitating homes for sale, or offering scattered-site rental housing. Marketing the neighborhood and revitalizing commercial sectors can also stimulate demand and attract residents to these areas, which in turn reduces the number of vacant homes.

Loan modification, refinancing programs, and foreclosure counseling can help homeowners stay in their houses. In the event of vacant properties, they may need to be renovated before they can be occupied again. In strong real estate markets, private investors may be motivated by economic incentives to buy, renovate, and sell these properties. However, public funding or intervention from nonprofit organizations may be necessary to turn a vacant home into one that a homeowner can occupy. While it is ideal for foreclosed and vacant properties to be occupied by homeowners, investor activity has led to the rental of single-family homes in neighborhoods with demand for rentals.

Community Development Corporations (CDCs) may be interested in acquiring properties that have been foreclosed on for tax reasons and renting them out. This would help increase the availability of affordable housing and stabilize the neighborhoods where the CDCs have already invested. In some cases, lenders or mortgage servicers may also choose to rent foreclosed homes to their former owners, providing similar benefits to the community as foreclosure prevention.

The success of strategies to reoccupy vacant homes, whether by owners or renters, depends on the ability of a neighborhood to attract and retain residents. One approach is to market the area to stabilize housing markets and decrease the number of vacant and abandoned homes. Revitalizing commercial sectors in areas with a solid market to support them can also help enhance the revitalization and stabilization of residential areas. When residential neighborhoods thrive, they can better support local retail businesses. Similarly, a variety of retail options can help attract and retain residents.

In some cases, it may be necessary to demolish severely dilapidated vacant properties, even in neighborhoods where the housing market is doing well. If the cost of fixing a vacant property is more than what it would be worth after renovation, market-based solutions may not be effective. However, when a structure is demolished, plans can be made for the vacant lot, such as turning it into a pathway, park, parking lot, or community garden. Research has shown that programs that clear and landscape vacant lots can improve residents’ sense of safety, reduce certain crimes, and increase property values.

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600 sqm Lot for Warehouse Minalin Pampanga

600 sqm vacant lot ideal for warehouse! Located along MacArthur Hwy, Minalin with dual titles for added convenience. Perfect for businesses needing high-visibility & accessibility. ₱8M Cash. #JMListings

📍McArthur Hwy Brgy Sto Domingo Minalin, Pampanga Property Features TYPE: Vacant Lot📐 Lot: 600 square meters✅ 15 meters by 40 meters✅ 2 Property titles, 300 square meters each✅ Inner Lot, located along MacArthur Highway 🏙️ NEARBY POINTS OF INTEREST Mother Mary Eugenie Center of Studies of School Inc. • Virgen de los Remedios Parish Church – Sto. Domingo, Minalin • NLEX San Simon St • ISHIMOTO…

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4 Tips For Selling Your House With Owner Financing In New Jersey

By Cardwell Thaxton

What is owner financing? This is a type of sale where the owner finances their own buyer or becomes the bank. The owner will usually have similar terms to a bank for a buyer to qualify. They expect a downpayment, interest over a loan, and can also foreclose for non-payment. This is also a great way for a buyer to buy a home that may not have the best financial background on paper since the owners might be a little less stringent. Check out these 4 tips for selling your house with owner financing in New Jersey.

Tip #1: Check Buyer Qualifications

You will not have to wait long for an offer if you are willing to provide owner financing; however, you do have to take into consideration WHY they aren’t using a traditional bank to obtain the financing. You must conduct all due diligence on your potential buyers to protect yourself and your investment. Make sure you require your potential buyer to fill out a loan application and investigate all the information provided, such as current employment and references. Also, conduct a background check and run a credit report. Do everything a traditional bank would do.

Tip #2: Make it Legal

When you find your buyer, make sure you draw up a legal contract with all your agreed upon terms. Make sure you include loan term, down payment, interest rate, payment schedule and what happens if they default. You will also need a promissory note to be recorded in the county records of the property. This is how you prove that you are the mortgagee, and you can foreclose if they default. It is extremely important that all of the words and phrases are legal, and that you do not forget an important part of the contract. A small mistake in the beginning might cost you a lot in the long run. 

Tip #3: Owner Perks

The whole owner financing process seems to be in favor of the buyer, who may not be able to obtain traditional financing through a regular bank, so why would an owner support this option? You will collect interest on the loan! Often times, you will make more money off the property selling it through owner financing than if you took the lump sum purchase price. You may be able to collect even more interest if you allow for a longer loan period. Also, if you change your mind after a while and do not want to continue to hold the loan, there are investors standing by ready to take over your note. Keep in mind, this will fully depend on the creditworthiness of the buyer and whether they have been making on-time payments or not. 

Tip #4: Collect like a Pro

A very important part of financing your own sale is the bookkeeping or “servicing” of your own loan. You need to keep track of all of the payments and when they were made, the real estate tax, insurance, any homeowners association fees, and anything else to do with the note. Hiring a 3rd party to take care of the loan servicing will save you a lot of time and possible errors in the future. You may also be able to accept multiple forms of payment this way to make it easier for your buyer to make the payments on time with a less likely chance of default. Having a professional note servicer will take a lot of liabilities off your hands and provide you with more free time to focus on what you enjoy.

Contact The Cardwell Thaxton Group at (908) 456-1593  to discuss these and other tips for selling your house with owner financing in New Jersey.

The Cardwell Thaxton Group Cardwell Thaxton, New Jersey 📲(908) 456-1593 📧CardwellThaxton@gmail.com https://www.sellmyhousefastnewjersey.org/

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South Florida's Trusted Property Manager

Our staff members have years of experience, together with important training in our trade. On an ongoing basis, we offer our managers with entry to instructional seminars to maintain private home management palm beach gardens them up to date on all relevant laws. We maintain licenses and professional designations including Licensed Community Association Manager, Certified Property Manager and Certified Building Contractor, among others.

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Can You Sell A Home In Foreclosure?

Can You Sell A Home In Foreclosure?

A foreclosure takes place when a home is seized and put up for sale by the lender. When you see a home listed as foreclosed, it means that it’s owned by the lender. Every mortgage contract has a lien on your property. A lien allows your lender to take control of your house if you stop making your mortgage payments. Foreclosures are typically the result of the homeowner being unable to keep up with their mortgage. Buying a foreclosed home is a little different from buying a house owned by a homeowner. Is the process by which a lender takes possession of a home when a homeowner fails to make their mortgage payments. It has several stages, which are important for a buyer to understand when considering a foreclosure.

• Payment default and notice of default: Payment default occurs after the homeowner has missed at least one payment, and after several months of missed payments, a homeowner’s entire mortgage can default. This typically initiates the pre-foreclosure stage of the foreclosure process. A notice of default is usually sent by the lender after 90 days of missed payments. Foreclosure referral timelines will vary based on the contract agreement as well as the policies of the lender and investor in the mortgage. A homeowner is often given time to work out a new payment plan with the lender before the home is foreclosed and put up for sale. • Notice of trustee’s sale: The lender must record the impending sale with the county and publish news of it in the local paper. This is one way of finding a foreclosure to buy, although an online search will generally be more effective. • Trustee’s sale: The lender attempts to sell the property at public auction. • Real estate-owned: If the property does not sell at auction, the Lender will become the owner. They will then attempt to sell the property. For most people looking to buy a foreclosed home, this is the stage of foreclosure in which they will buy.

A short sale occurs when the homeowner sells a home for less than what they owe on the mortgage because the value has declined. Foreclosure has not been completed with a home up for short sale. The homeowner still owns the home so you work through their realtor. When you buy a home in a short sale, the lender (not the homeowner) needs to approve your offer. You might spend a lot of time waiting for approval.

How To Buy A Foreclosed Home

Think that buying a foreclosure is right for you? Here are the steps you can take to buy a home in foreclosure:

Step 1: Understand The Options For Buying A Foreclosed Home

There are two main ways to purchase a foreclosure, at an auction or from a lender after they have failed to sell at auction.

• Purchase Through Short Sale: A short sale occurs when the homeowner sells a home for less than what they owe on the mortgage because the value has declined. Foreclosure has not been completed. The homeowner still owns the home so you work through their realtor. When you buy a home in a short sale, the lender (not the homeowner) needs to approve your offer. You might spend a lot of time waiting for approval. • Purchase At Auction: You’ll get a home faster at auction than you would if you negotiated with the bank or a seller. Homebuyers also have the opportunity to buy a property significantly below market value at auction. However, most auctions only accept cash payments, which mean that you’ll need to have a significant amount of money ready for the purchase. If the auction does allow for financing through a mortgage, you want to make sure that you have a preapproval ready. It’s important to realize that not all approvals are the same. By purchasing at an auction, you also agree to buy the home as-is without an appraisal or inspection. This means you take a big risk when you buy a foreclosed home at an auction. Speak with a real estate attorney if this is something you’re interest in. • Purchase From A Lender: You skip working with the homeowner altogether when you purchase a property from a Lender’s real estate-owned (REO) inventory. The lender usually clears the title and evicts the current homeowner before you buy a foreclosed property. Most Lenders won’t sell a home directly to an individual; you’ll need to talk to an experienced real estate agent to view available properties. These homes are usually sold as-is. However, you’ll usually get the opportunity to view the home and order an inspection before you close.

Step 2: Hire A Real Estate Agent

Most lenders hand foreclosed properties off to a Real estate owned agent who works with standard real estate agents to find a buyer. Not every real estate agent has experience working with REO agents. A qualified foreclosure agent can help you search for foreclosures, navigate your state’s REO buying process, negotiate your price, order an inspection and make an offer. Research real estate agents in your area and connect with an agent who specializes in foreclosure sales.

Step 3: Find Foreclosures For Sale

Although your real estate agent will likely be able to help you search for foreclosures, you may want to investigate for yourself as well. The internet has made it much easier than it used to be to find foreclosures in your area and in other parts of the U.S. There are now multiple different areas of the web where you can search.

Step 4: Get Preapproved For A Mortgage

Unless you buy a home at a foreclosure auction, you’ll probably get a mortgage to fund your home purchase. Once you’ve found an agent and you get started looking at homes, you’ll want to get preapproved for a loan. A preapproval lets you know how much you can get in a home loan. Choose a lender and apply for a mortgage preapproval to narrow your search.

Step 5: Get An Appraisal And Inspection

Inspections and appraisals are both crucial when it comes to buying a foreclosure. An appraisal is a lender requirement that lets you know how much money a property is worth. Lenders require appraisals before they offer home loans because they need to know that they aren’t lending you too much money. A home inspection is a more in-depth look at a property. An expert will walk through the home and write down everything that needs to be replaced or repaired. Because foreclosures usually have more damage than homes for sale by owner, you should insist on an inspection before buying a foreclosed home. Sometimes, you don’t get the chance to order a home inspection or appraisal before you buy. You should only consider buying these types of foreclosed properties if you’re advanced at home repair.

Step 6: Purchase Your New Home

Read your inspection and appraisal results then decide if the home in question is really right for you and whether you’re okay with buying a home as-is. Contact your mortgage lender to finalize your loan if you have the money or skills to make any needed renovations. Your real estate agent will help you submit your offer and prepare you for closing.

How Does Buying a Foreclosed Home Work?

Foreclosure occurs when a mortgage borrower fails to keep up with their loan payments, and the lender exercises its right to seize the home and resell it to recoup (or at least reduce) their financial losses.

Mortgage issuers typically put foreclosed properties up for auction, which often means selling the home for less than market value. When homes fail to sell at auction, however, lenders may slash the sales price and sell them directly. Because foreclosures are often terrific bargains, they are popular with real estate investors looking to use them as rental properties or flip them for a quick profit. Competing with these investors, many of whom have access to significant credit and can put down extra-large down payments or even purchases properties outright for cash, can be challenging for first-time homebuyers. If that means you, you’re not necessarily out of the running for a foreclosure purchase. But to compete with investors, you’ll need to lay some groundwork to document your ability to close the deal. You’ll also need to be careful and decisive about choosing a property you likely won’t have much time to size up before you make a bid.

To fully understand what you may be getting into with a foreclosure purchase, it’s helpful (and sometimes essential) to work with a real estate professional with foreclosure experience. The National Association of Realtors’ Short Sale and Foreclosure Resource (SFR) certification denotes agents and with training in this specialty. It’s also crucial to understand that foreclosure typically follows a timeline, and that purchasing opportunities and procedures differ during each stage in the process. The duration of each stage in the timeline may differ according to circumstances and state or local laws, but they typically occur in this order: • Short sale: A short sale occurs instead of foreclosure, when a lender agrees to let a homeowner sell their home for less than what they owe on their mortgage, with the understanding that all proceeds of the sale will go to the lender. (Lenders typically do this after determining that their loss on the sale will be less than the cost of pursuing foreclosure.) • Auction: Foreclosure auctions are public events, and may be listed on the websites of the county, city or other municipality that conducts the auctions. Rules and requirements differ by jurisdiction, but foreclosed properties are always offered at auction in as-is condition, with the seller assuming no responsibility for property damage, repairs or financial encumbrances such as unpaid liens. Properties listed for sale at auction may or may not be available beforehand for inspection, but they are usually listed long enough in advance for a title search to be conducted ahead of time. Some jurisdictions allow a grace period after an auction is conducted that allows buyers to back out of a sale (after a title search or inspection, or for any reason at all) by forfeiting a cash deposit, but in most jurisdictions auction sales are final, and getting out of one will be costly, if it’s possible at all. • Real estate-owned (REO): REO designates properties that have been foreclosed upon and are available for purchase directly from the lender. Most commonly these are properties that have failed to sell at public auction, but houses are occasionally available for purchase on an REO basis before they reach the auction block. REO properties may be listed on lenders’ websites, but typically are not advertised or publicized and can only be purchased with help from a licensed real estate professional.

Benefits and Risks of Buying a Foreclosure for Your First Home

The main benefit of purchasing a foreclosed home is savings. Depending on market conditions, you can purchase a foreclosed home for considerably less than you’d pay for comparable, non-foreclosed homes. The main risks come from the degree to which a foreclosed property can be a mystery to the buyer. Foreclosed homes are sold in “as-is” condition, and are typically unavailable for a walk-through before purchase. Foreclosures may have sat unoccupied, without heat or air conditioning, for weeks or months prior to sale, and past owners may have neglected or even vandalized them. If you succeed in purchasing a foreclosed home, you’ll likely need some cash (or available credit) to get the property to move-in condition. Do-it-yourselfers may see this as a golden opportunity for savings, but less-capable (or less ambitious) homebuyers might consider putting that repair budget toward a down payment on a more conventional purchase.

Where to Find Foreclosed Houses

The following resources can help you find foreclosed properties for purchase. Real estate professionals in your area may know of additional resources.

• Bank websites. Many bank websites provide lists of REO properties for sale. • The U.S. Department of Housing and Urban Development (HUD) lists homes available for purchase from government agencies, including many foreclosures. • You can search for foreclosure properties on web-based real estate listing services such as RealtyTrac and Zillow. • Multiple listing services (MLS) list foreclosure properties. These services are available by prescription to licensed real estate professionals. A real estate agent or mortgage broker can use MLS to access foreclosures in your area.

Steps to Take When Purchasing a Foreclosure as Your First Home

Think buying a foreclosure may be the right choice for you? Follow these steps to ensure the process goes as smoothly as possible.

1. Secure a Preapproval Letter A mortgage preapproval indicates a lender has reviewed your financial status and agreed to issue you a loan up to a set amount, with a repayment term and interest rate based on a specific down payment. Preapproval attests to your ability to finance a purchase within the specified price range, and having one is practically essential when you’re competing with cash buyers. Plan on spending a fee of several hundred dollars for each preapproval, and be aware that a preapproval letter is typically only good for 60 to 90 days. Specific financing terms may change if interest rates increase or your income or credit score changes before you finalize your loan application on a specific purchase. If you’re not happy with the terms of your preapproval, take steps to improve your credit score and reduce your debt. It’s possible to get a preapproval letter based on conventional mortgage lending terms and under the terms of any government-backed mortgage assistance program you qualify for, such as a Federal Housing Administration (FHA) loan.

2. Schedule a Property Inspection This should be standard procedure with any home purchase, but it’s particularly important with a foreclosure because. Unlike a traditional home sale, the seller of a foreclosed home is not required to disclose material defects in the property when offering it for sale. Knowing about potentially hidden issues with the property so you can plan to address them before taking occupancy.

3. Conduct a Title Search Prior to foreclosure, the owner of a house may have taken out a second mortgage or a home equity line of credit (HELOC) forms of credit that use the house as collateral. If the primary mortgage lender forecloses, the lenders that issued those secondary loans may still have liens on the property that is, the right to collect what they’re owed when the house is sold. Liens attach to a property, not owners, so if liens are attached to the foreclosed home you buy, you may have to clear those liens pay off the previous owner’s debts before you can sell the property. Undetected liens are hidden costs that can significantly undercut any bargain you get by purchasing a foreclosure. A title search is a professional investigation that identifies liens, unpaid taxes and legal judgments that may be connected to a property; expect to pay a few hundred dollars for the service. Conducting a title search on a foreclosed property you want to bid on an auction can save you big if it alerts you to a lien.

4. Consider Contract Contingencies Lenders are eager to sell foreclosed properties quickly, with minimal complications, so they are likely to balk at the kind of sales contingencies often found in conventional sales contracts. Contingencies stipulating that certain appliances be included with the home or that specific repairs or improvements be made before the closing date likely won’t fly in a foreclosure sale, for instance. It’s wise, however, especially for a first-time foreclosure buyer to consider including a contingency in your purchase offer that allows you to walk away from the sale on the basis of a property inspection. If local laws don’t permit pre-auction title searches on foreclosed homes, it also could be prudent to include a contingency that allows you to back out of a sale in light of title-search findings. In a competitive situation where another buyer makes no contingencies, these measures could cost you a sale, but that risk is worth it if it saves you from having to complete a purchase on a property that’s saddled with heavy lien obligations or that requires costly repairs.

5. Understand the Process Familiarize yourself with the process you wish to pursue (short sale, auction or REO) before you put any money on the line. If you plan on purchasing a home at auction, attend one or two auctions to get comfortable and learn local procedures before committing to anything. If possible, get to know one or more “regulars” familiar with the system and buy them coffee or lunch in exchange for some tips and suggestions. And once again, consider working with a seasoned real estate professional who can offer knowledgeable advice. Paying a commission may seem counter to the bargain-hunting goal of foreclosure shopping, but their guidance could prevent expensive mistakes or oversights that would far outweigh their costs. Purchasing a foreclosure isn’t for everyone, but if you go into the process with eyes wide open, prepare to compete with real estate investors, and accept the risk (and potential need for cash and labor that goes with), you could save a bundle on your first home purchase.

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[harcourtsfourseasons]

Things To Know About Investment Property For Huge Gains

Buying Rangiora property for sale can be a great way to make money. You can use your properties as the foundation for building your wealth, but it's important to understand how to do so correctly. Here are some tips on buying property for sale in this market:

Buy Investment Property for Huge Gains With Low Risk

You can make money by buying low and selling high. You can also make money by renting out the property, fixing it up, or selling it (or holding onto it). There are many different ways to earn profits from real estate investments, but these are the most common strategies.

The first thing you need to do is find a property that’s worth your time and money. You can do this by searching the MLS (multiple listing service), but there are also plenty of other ways to find houses for sale.

One good way to find a house is to look at foreclosed homes. These are homes that have been repossessed by the bank or government because the owners were unable to pay their mortgage. You can often buy these properties for a fraction of what they cost when they were first built.

Why is Investment Property the Way to Go?

Investment property is one of the best ways to grow your wealth, and it's not as risky as it used to be. You can make a lot of money with investment property because you're purchasing something that will last for decades. The value of your house or condo will increase over time, and you'll enjoy profits from renting out your property when you don't need it yourself.

Investment properties offer low risk with high return potential--which means they're safer than stocks or bonds but still provide excellent returns over time.

Buying an investment property isn't like buying stocks or bonds; instead, it's more like buying real estate: tangible assets that are part of everyday life for many people around the world (and have been for centuries). These assets also tend not to fluctuate wildly like stocks do--instead, their value tends toward steady growth over long periods of time (or sometimes even decline). This makes them ideal investments because they're less volatile than other types of assets such as gold or silver bullion coins which might fluctuate wildly depending on factors outside our control (such as geopolitical events).

Read More : Best Property For Sale in Rangiora 

Is the Market Headed Up or Down?

The market is headed up. The market isn't in a bubble, and it's not going to crash. The market will go up again, but it won't stay up forever. The opposite of this is also true: The stock market can go down too!

You may be wondering how you know if the real estate market is headed up or down right now? There are many ways that you can gauge how well your property investment might do over time--and one of them is by looking at historical data from previous years' sales prices and trends in those areas (for example, if homes have been selling quickly for high prices recently).

Conclusion

In conclusion, we can say that there is a lot of opportunity in the market right now. If you've been looking for Rangiora property for sale, now is the time to buy one. The best part about investing in real estate is that it doesn't matter if there's inflation or deflation--property values will always increase over time because people need places to live!

Source : https://harcourtsfourseasonsproperty.wordpress.com/2023/01/31/things-to-know-about-investment-property-for-huge-gains/

[urrealtors]

5 Reasons Why Short Sale Homes Are A Good Deal In NYC 

Short-sale homes in New York City (NYC) are becoming more and more popular among buyers, who often have the opportunity to buy a home at below-market value due to the seller being in financial hardship. If you are considering buying a short-sale home in NYC, there are several reasons why this can be a good investment option for you. Here are five of them.

1: You can get more House for your Money

If you’re looking for more houses and don’t want to break the bank, short-sale homes might be the answer. Compared to an average home that you can get more houses for your money with a short-sale home. or, these properties are much less likely to have been on the market for as long, so you’ll avoid paying inflated prices. If you’re not convinced yet, keep reading for four more reasons why short-sale homes are such great deals.

2: There is Less Competition When Buying a Short Sale Home

There is less competition when you buy short-sale homes in Queens NY because many people are put off by the process. A lot of buyers are afraid that they won’t be able to get their mortgage approved, or they worry that the bank will come after them for any miscellaneous fees. Others just don’t want to deal with the paperwork and legalities involved with buying a short-sale home. This leaves more homes available for those who are willing to take on this challenge. Short sales can also happen in bulk if there was a default on an entire block, so it may be possible to get one short sale home in Queens NY for the price of one traditional house.

3: You May be Able to Negotiate a Lower Price on a Short Sale Home 

A short-sale home is an opportunity to negotiate a lower price. Homeowners may be more willing to sell their homes at a lower price because they are trying to avoid foreclosure on the property. In addition, if you can buy the home before it goes into foreclosure, you can rest easy knowing that there will not be any liens on your property when you take ownership of it. It is also possible that once the homeowner files for bankruptcy and loses their home, they may not have enough money left over to pay off what they owe on the mortgage loan. This could lead them to give up some equity in the home by selling for less than what is owed on it.

4: Short Sales take Less Time to Close Than Traditional Sales

One of the best things about short-sale homes is that you may be able to get the seller to pay some of your closing costs. If you’re buying a home with cash, the seller usually has to pay all the costs. But if you’re buying through financing, the seller can offer what’s called seller concessions. These are often things like paying for your mortgage insurance or part of your closing costs. Short sales often have these concessions because they want to unload their property quickly and are willing to negotiate on other points. They don’t have time for traditional negotiations, which could take months, since their lender needs an answer soon so it doesn’t foreclose. And even though short sale homes in Queens NY won’t be as easy as turnkey, you’ll still reap many benefits from being patient and spending your time looking at short sales rather than bidding wars.

5: You May Be Able to Get the Seller to Pay Some of Your Closing Costs

The best way to get the seller to pay for some of your closing costs is by doing a short sale. If you’re not sure what that means, here’s an overview of how it works. A short sale is when the bank agrees to take less than the amount owed on the mortgage for any reason,if the home has been deemed uninhabitable or abandoned. The bank will then offer you a discounted rate on your mortgage and waive certain fees associated with their lending such as appraisal and title insurance. Short sales are great because they let you buy a home at below market value, which means you’ll have more equity built up immediately after moving in.

For more great information on Short-sale homes in New York City, check out the links on this page. Contact us (844) 829 2292

Contact us:  

Address - 8315 Northern Blvd., Suite2 Jackson Heights, NY 11372

Email - info@urrealtors.com

Phone - (844) 829 2292

Website - Ur Realtors

Blog - 5 Reasons Why Short Sale Homes Are A Good Deal In NYC

[snugsodium]

Why Brand New Homes Are Better Than Foreclosed Homes

The brand new year is now out and about, full of promises and opportunities. And the best part of it? So do you! With the Philippine real estate market booming with success as tens of thousands of Filipino families move into better heights and houses, you and your family definitely deserve to follow suit! May it be in a province like Laguna or Cavite, or in a city like Quezon City or in Metro Manila or Makati, everyone deserves a new home, may it be houses, apartments, or condos, if not their dream house and lot for sale, especially on how everyone worked hard last year. Thus, after a search, the only fitting next question is, which one?

There are different types of house and lot for sale, and in the Philippines, there are two well-known types of properties: brand-new houses and foreclosed ones. We are here to tell you that purchasing the former is much better than the latter.