How to Cover Yourself in a Mortgagee Sale?

Answer If you're buying a mortgagee property, it pays to be aware of what might go wrong with your "bargain" buy. This article explains what to look out for.

Top Q&A For: How to Cover Yourself in a Mortgagee Sale

Can a nonsupervised mortgagee broker an FHA loan?

Nonsupervised mortgagees may broker FHA loans provided that they are registered and approved with the U.S. Department of Housing and Urban Development (HUD) as a mortgagee broker. The specifics on... Read More »

What is a mortgagee on home insurance policy?

Your mortgage company. They are your mortgagee and you are a mortgagor.

Existing mini mart near us for sale. It is currently closed and for sale or lease. what do I need to know?

You need to know why it closed. Don't take the initial answer they give you as the real answer, chances are they were struggling. Now that doesn't mean you will, but you do need to know how it wa... Read More »

What Is the Procedure for Closing a for Sale by Owner House Sale?

Some homeowners choose to market and sell their home without the use of a realtor. The process for buying and closing on a for sale by owner home is not difficult, but requires help from profession... Read More »