What is foreclosure and why Outer Banks is a good place for buying bank-owned property?
Foreclosured homes, also known as Bank-owned, REOs, Repos, have been repossessed by the lender, the debt has already been offered at the courthouse steps and the lender has now hired a real estate... Read more
Search Outer Banks Short Sale Listings
posted by: John Dean
Tuesday 3rd of August 2010 12:50:24 PM
What is a short sale and why Outer Banks is a good place for buying distressed property?
A short sale is explained in detail in our Buyer Guide, but basically involves a seller selling a property "short" of the net amount needed to pay off the mortgage. "Distressed, Underwater, Upside down and nega... Read more
Payment Calculator: To estimate a monthly payment enter the percentage rate (8.5) as example, enter the term of the loan (360), enter the down payment (5000), enter home price, then click calculate monthly payment.
Affordability Calculator: To Estimate how much you can spend on a home enter the percentage rate (8.5), enter the term of the loan (360)=number of months, enter the down payment 5000), enter the monthly payment you can afford, then click calculate loan amount.
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