 There are several reasons why a home goes to auction, but the chief reason is because the property experienced financial trouble.
Foreclosure, not paying property taxes, and outstanding issues with a homeowner’s association are all common reasons for a home going to auction.  It’s true. Many new homeowners think that the title insurance their lending institution insists they buy to close on a home protects the homeowner. That assumption is completely false.  It’s no secret that buying a home takes some serious cash.
If you’re a first-time home buyer, you probably don’t have a ton of cash—just a burning desire to own your own home. So, what can you do? Check out VHDA!  If you’re ready to take that next big step into homeownership but you don’t quite have enough cash, the Federal Housing Authority could help.
One of the most popular government-backed home loans in the country, FHA was designed for those who have lower than average credit scores and requires a low down payment for qualified applicants. |
AuthorLilly Title & Settlement wants you to be an empowered homebuyer! Archives
January 2021
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