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These days there's a large influx of Canadians interested in buying real estate in the U.S. Of course this draw is due to the effects of the subprime mortgage crisis which has led to a saturated market of foreclosure properties selling at much less than market value. Also, Canadians are running to the US to put the strong value of their robust loonie to good use. Likewise, in Canada house prices are continually on the rise, with Canadian vacation properties at a premium. These factors are ...
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With the recent collapse sub-prime loan market, and the current credit crunch many prospective homebuyers are finding it hard to obtain the mortgage loans they need. During the natural downs of the real estate market, like what we are facing now, owner financing of real estate sales, is a very popular way for homeowners to sell their properties. If you have recently sold your property-using seller financing, also called taking back paper, then you are currently holding a mortgage note or deed ...
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There are many economic and market forecasts and predictions, however the bottom line is if you want to buy your first home—there is no wrong time. There is because the motivation to buy is not determined by regional market conditions or by location. Industry opinions, economic reports and investor speculation do not sway or predict when a particular individual will be ready to buy. For the great majority of folks, the most compelling reasons to buy a home are based on individual circumstances ...
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