Avoid the Pitfalls of Foreclosure Investments!
Attention Investors! There are plenty of HOT Foreclosures available RIGHT NOW! Why should you call Lori BEFORE you start looking for foreclosure deals? There are countless pitfalls many potential investors are not aware of. Very often, listing agents for these properties have HUNDREDS of foreclosed homes they are trying to sell. Many will not communicate with you outside of faxes and emails. Often they won't even show you the home! Many potential investors also find that their offers are not accepted and they never find out why. Let Lori show you how her years of experience and resources can lead to a PROFITABLE partnership! She can show you the Tricks of the Trade and help guide you through the process. Lori has SUCCESSFULLY and PROFITABLY rehabbed over 60 bank-owned homes since 1985. Long before it became "fashionable" to rehab homes for profit, Lori was in the business and making money! Call Lori today and find out how TOGETHER we can take advantage of this week's HOTTEST opportunities!
Buyers Remorse >First Time Loans
Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
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| Q |
What famous antebellum mansion was known as the "Queen of Tennessee Plantations"?
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| A |
Belle Meade Plantation was a prosperous 5,400-acre thoroughbred horse farm in the mid 1800's. The Civil War Battle of Nashville was fought in its front yard. |
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