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Zombie foreclosures -- foreclosures in which homeowners move out of a property before a bank finishes taking it over, leaving the home vacant -- remain a problem across the country. And if you've left your home behind after receiving a foreclosure notice from your bank,...
People who are looking to minimize their monthly mortgage payment sometimes consider a 40-year loan. While this can be a useful product for some borrowers, it's one that you need to approach with caution.
A mortgage loan is the most traditional, and probably the smartest way, to buy a home. You're going through a bank for a loan and the monthly payments will be the same for 30 years.
Buying a home with a friend, brother or mother can be a wonderful thing, said Paul Purcell, managing director of the New York City office of real estate firm William Raveis Real Estate. But buying a home with someone other than a spouse can also be a disaster.