Tag: special warranty deed
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Want to Buy a Bank-Owned Home? Behind the Scenes in an REO Deed Transfer
Real estate owned (REO) homes are properties that were taken back by mortgage lenders. A bank-owned home can be a good deal. These properties tend to be sold for below market value, as lenders don’t like to be stuck with houses. Buyers might finance REO purchases using loans backed by Freddie Mac, Fannie Mae,…
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Game Plan: Negotiating the Best Price for the FSBO Home
The home you want is marketed as for sale by owner. But the price is not right. What’s the best way to buy the home for a better price? Many deed holders have an exaggerated idea of what their property is worth. And those who opt to sell their homes themselves can be especially likely…
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What is a Special Warranty Deed?
If you’re like most people planning to make a real estate purchase, you want to know that the property you’re purchasing is actually owned by the seller, that it’s in reasonably good shape, and that the title is free of defects. Real estate transactions aren’t always as seamless or clean as buyers might like, though.…
