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What Are the Risks and Benefits of Buying a Foreclosed Home?
For those in the market for a home, foreclosures are an attractive option. While the potential to save money is always appealing, there are several risks associated with buying a foreclosed real estate property that must be taken into consideration. The most common types of foreclosures are pre-foreclosures, judicial foreclosures, and trustee sales. Pre-foreclosure is…
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Can an HOA Foreclose on a Property?
A lien is a claim or legal right that an entity has against someone else’s property or assets. A lien is used as security for payment of a debt or obligation. When an HOA puts a lien on a property, they are essentially saying that the owner owes them money, and if they do not…
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What Should You Consider When Purchasing Real Estate in Maryland?
Buying or selling a house is one of the biggest financial decisions you can make, so it is important to fully understand the legal process in Maryland. A purchase agreement is an essential document that outlines the terms and conditions of a real estate transaction. It should include details such as the purchase price, title…
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Should I Get A Lawyer if My House Is Being Foreclosed?
There are many reasons you should have an experienced lawyer to assist you if your house is being foreclosed. It is always wise to hire a lawyer if your lender is foreclosing your property, even if you are not contesting the foreclosure. Each foreclosure situation is different, with complicated factors that can determine the outcome…