Buying Foreclosed Homes: Deal or No Deal?Good Pricing for Troubled Properties Can Be Affected by Neglect and Deferred Maintenance BOUND BROOK Bound Brook, borough (1990 pop. 9,487), Somerset co., N central N.J., on the Raritan River; settled 1681, inc. 1891. Largely residential, it produces chemicals, pharmaceuticals, and dyes. , N.J. -- (Grassroots Newswire) HouseMaster house·mas·ter n. A male teacher in charge of a residence hall at a school. Noun 1. housemaster - teacher in charge of a school boardinghouse headmaster, schoolmaster, master - presiding officer of a school [R], the first and one of the largest home inspection franchisors in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , reports there are abundant opportunities for qualified homebuyers in the current real estate market - triggered by a 28 percent rise in foreclosure activity from last year - but working through the intricate foreclosure market will be less difficult for consumers that properly prepare for the process. "Properties in different stages of foreclosure represent opportunity but also danger for the unassuming buyer," said Kathleen Kuhn, president of HouseMaster. "Consumers must do their homework to help them know whether a property is truly a 'good deal.'" Kuhn said there are three primary types of foreclosure properties that the typical buyer should familiarize themselves with before making an investment in today's real estate market. They are Short sales, Real Estate Owned Real Estate Owned Property owned by a lender - usually a bank - after an unsuccessful sale at a foreclosure auction. This is common because most of the properties up for sale at these auctions are worth less than the total amount owed to the bank: the minimum bid in most (REO reo Noun NZ a language [Maori] ) and Auctions. In addition, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent study conducted by HouseMaster, there are five main physical conditions that are typically found in a foreclosed property. They are: * Moisture related problems * Defective gaskets, valves and hoses that are leaking or have the potential to cause destruction * Vandalism, especially if the property has been vacant * Insect and rodent infestations * Blocked or damaged waste and sewer lines More information about foreclosure properties and tips for buyers and sellers can be found at www.housemaster.com. About HouseMaster: Headquartered in Bound Brook, N.J., HouseMaster is the oldest and one of the largest home inspection franchisors in North America. With more than 385 franchised areas throughout the U.S. and Canada, HouseMaster is the most respected name in home inspections. For 30 years, HouseMaster has built upon a foundation of solid leadership and innovation with a continued focus on delivering the highest quality service experience to their customers and providing HouseMaster franchisees the tools and support necessary to do so. Each HouseMaster franchise is an independently owned and operated business. HouseMaster is a registered trademark of DBR DBR Drum-Buffer-Rope DBR Distributed Bragg Reflector dBr Decibel (reference value) DBR Deterministic Bit Rate DBR Daily Business Review DBR Dual Band Radar DBR Disclosure-Based Regulation Franchising, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . For more information or to find a local HouseMaster office please visit www.housemaster.com or call 800-526-3939. |
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