The word is out: it's harder to get a mortgage, maybe impossible. Lenders are clamping down, especially on foreclosure purchases. Just about everyone says so. Since this is a "fact" why bother to buy real estate when you can't get financing? Well, maybe not a fact. Maybe tales of mortgage woes are exaggerated. Or, maybe they're not true at all. more »
Many bank-owned foreclosures listed on RealtyTrac have favorable financing terms, including low down payments, lower credit score requirements, no mortgage insurance or appraisal requirements, and availability to both owner-occupants and investors. view video »
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