Buyers Increasingly Suspicious of Foreclosures

Fewer buyers are willing to consider purchasing foreclosed property than they were seven months ago, according to a study commissioned by Trulia.com and RealtyTrac. Seven months ago, 54 percent of adults surveyed said they would consider purchasing a foreclosed home. In November, only 47 percent of adults say they’d buy a foreclosure. The chief turnoff […]

by Nia Knowles
December 18, 2008
Interesting

Illegal Immigrants Are Good Lending Risks

Illegal immigrants can make good home buyers, according to a new study. Undocumented immigrants — those who aren’t legal permanent residents — who have an individual taxpayer identification number (ITIN), good credit, and proof of tax filing can qualify for a fixed-rate “ITIN mortgage.” Less than 1 percent of ITIN loans have gone into […]

by Nia Knowles
June 18, 2008
Interesting