DES MOINES, Iowa ? Homeowners in areas of the Gulf of Mexico affected by the BP oil spill are getting mortgage relief from Citigroup Inc. and government sponsored mortgage purchaser Fannie Mae. ... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Keep in mind that a foreclosure is not always the cheapest option. The owner of the property, typically the bank, has to make back not only the home's mortgage
ReplyDelete, but also any second mortgage and liens against the property. Often these costs are rolled into the asking price of the property, so be sure to do some market research before buying a foreclosure. Also, keep in mind that there may be liens against the property that are not known at the time when you buy the home, so proceed with caution. Inspect your title carefully in the title search process, because you will not get title insurance until you buy the home in most situations.