Real estate auction action - Buying a home at auction

Written by Jakob Jelling


Continued from page 1

Atrepparttar auction itself, resistrepparttar 112291 temptation to get into a personal bidding war, just "to beat outrepparttar 112292 other guy". Have a set price limit and stick to it. Other houses will come along, and you don't have to winrepparttar 112293 first auction that comes your way.

You should know thatrepparttar 112294 price of a home at auction is typicallyrepparttar 112295 loan balance (if foreclosed), plus any back taxes owed, plus legal fees and other expenses in foreclosingrepparttar 112296 property. This will typically berepparttar 112297 opening bid amount, andrepparttar 112298 price will go up from there. Even so, it's possible to get a great deal in an auctioned house, with a little research and planning first.

Also, know that you probably won't be able to get an inspection, and are buyingrepparttar 112299 home "as is". If you can't do any needed repair work yourself, or can't hire it done within your budget, you may not end up getting such a bargain inrepparttar 112300 end.

Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.


The Effects of Consumer Debt

Written by Nicola Bullimore


Continued from page 1

People who experience stress due to their situation, will probably seek advice from their GP and may take time off work, therefore, this has an effect on already hard-pressed NHS and productivity due to absenteeism.

People who have had homes repossessed need to be re-housed, generally byrepparttar local Council. Those who seek legal aid due to debt issues also incur a cost torepparttar 112290 taxpayer.

The Solution beforerepparttar 112291 Problem Will raising financial awareness alone tacklerepparttar 112292 issues of debt problems? It helps for people who are already struggling with debt, but are there other areasrepparttar 112293 Government should be looking at?

If you pay your creditors on time, regardless of what it takes to pay them, you are classed as a good payer and therefore, not a risk when it comes to additional borrowing. In fact, your finances could be in turmoil and you could be taking money from one card to pay another but you may still obtain even more credit. The freedom creditors have to advertise loans, credit cards and mortgages could be challenged as well as how decisions are made regarding lending.

If people, who are currently in financial difficulty, find they cannot borrow more money, they should be made aware ofrepparttar 112294 free financial advice that is available. Free Debt Management Companies such as Payplan www.payplan.com can negotiate repayments with creditors so that monthly payments are reduced and become more manageable.



Nicola Bullimore has been working with people to resolve debt problems for a few years. For more information regarding debt issues, please visit www.debtquestions.co.uk


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