Found 3 blog entries tagged as fixer upper.

We recently worked with a couple who just couldn’t find a house for sale in Madison that fits their needs. We looked for months, one house after the other, but none of the floor plans were just right.

I finally suggested we look at fixer uppers, otherwise known as "fixers" in the Madison market. This is a scary suggestion for many homebuyers who instantly get visions of beater houses dancing in their heads. My clients, on the other hand, were at the point where they were more than willing to entertain the suggestion, especially after I explained to them how they could finance the purchase and end up with the home of their dreams.

Like my clients, you may not know just how easy it is to get a loan for a fixer and, if you get the right loan, it…

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Have you recently been laid off from your job and are facing difficulty making your monthly mortgage payments? Are you thinking of walking away from your mortgage? If you answered yes to either one of these questions, then you should know what adverse effects walking away from your mortgage could bring to your financial life.

When to walk away from mortgage


It is strongly advisable not to walk away from a mortgage, unless you are faced with an extreme situation, such as one of the following:

o    Due to a sudden drop in income you are unable to make your mortgage payments

o    You are underwater and have little or no equity in your home

o    You are not eligible for a loan modification and you are in a non-recourse loan state (see below)

Options for…

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Folks, this has got to be the best short sale fixer opportunity I have seen to-date! $129,900 for all this:

Enormous 3-4 bedroom, 2.25 bath Mediterranean style home featuring an open layout including large living room with oak floors, eat-in kitchen, two full baths on the main floor, mudroom, finished walkout basement with 4th bedroom and bathroom, and a gigantic walkup attic. And if that weren't enough it sits on a whopping .52 acres less than five minutes from downtown! Want more? How about a 700 square foot 2-car detached garage in addition to the attached 1-car garage? Talk about being spoiled for choice for storing your RV, gardening implements, equipment, workshop, or home-based business! Note also that each side of the detached garage has its own…

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