Foreclosure Archives - Robby Oakes Mortgage Team at CIMG

Buying A Home In Foreclosure

By Robby Oakes | June 19, 2019

Foreclosure is a process that happens over many months. There are various opportunities to acquire real estate that is in a different stage of foreclosure, including before the foreclosure process completes. This short guide identifies the different stages and the opportunities that may exist to acquire a property at a discounted price.

6 Ways to Fight Foreclosure

By Robby Oakes | March 13, 2019

Sometimes, things don’t go as planned. Despite the best intentions, there are times when it’s impossible for homeowners to fulfill their mortgage obligations. When your misfortune turns into a foreclosure notice, these tips will help you control the situation and realize the best outcome.

Differences Between A Short Sale And A Foreclosure

By Robby Oakes | February 5, 2019

If you’re looking to get an untraditional deal on a new home purchase, you may encounter either a short sale or a foreclosure. These two terms refer to sales that are not usual. As a homebuyer, it’s important to understand the differences between them and how each one might affect your buying experience.

5 Creative Ways To Buy A Foreclosure

By Robby Oakes | November 15, 2018

Foreclosures give homebuyers the opportunity to get great deals. While foreclosures can save you thousands of dollars, it may come with risks. Having a stomach of steel can help when pursuing a foreclosure.

Buying A Foreclosure: 5 Things To Know

By Robby Oakes | June 12, 2018

Buying a property out of foreclosure can be a very smart move, financially. But it can also be complicated, expensive, and stressful.

Pros And Cons Of Buying A Foreclosure

By Robby Oakes | June 5, 2018

When a homeowner stops making regular mortgage payments, the bank can foreclose on the property. This means that the bank takes possession of the property in an attempt to recover the debt the homeowner owes. In some cases, the bank may try to recover this debt by selling the property at auction. In other cases, the bank will simply list the foreclosed home for sale.

When Can You Buy Real Estate After Foreclosure?

By Robby Oakes | February 8, 2013

If you lost your home due to foreclosure, you probably haven’t given up on the dream of owning a new home. The good news is that a number of guidelines have changed which may allow you an opportunity to buy that new home sooner than you think.