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A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
According to data from Redfin, the demand for vacation home mortgages dropped by 40% in 2023 as housing prices soared. Even though Americans took out 90,772 mortgages for second properties during...
Jones v. Flowers, 547 U.S. 220 (2006), was a decision by the Supreme Court of the United States involving the due process requirement that a state give notice to an owner before selling his property to satisfy his unpaid taxes.
Notably, the lender itself can bid for the property at the auction, and is the only bidder that can make a "credit bid" (a bid based on the outstanding debt itself) while all other bidders must be able to immediately (or within a very short period of time) present the auctioneer with cash or a cash equivalent like a cashier's check.
1. Gatlinburg, Tennessee Median home price: $320,111 Annual gross rental revenue: $47,328 Vacation rental market cap rate: 8.6% With a median sale price of around $320,000 and a cap rate of 8.6% ...
Owning a rental property in a hot market can generate both long-term capital gains and immediate cash flow. In many areas, rental income can far exceed the cost of the mortgage on the property.
Illegal property flipping is a fraud whereby recently acquired property is resold for a considerable profit with an artificially inflated value, typically in order to defraud a lender into lending more than the true value of the property or defraud a buyer into paying a higher price than should be necessary. The property is quickly resold after ...