Real Estate

How To Buy A House With No Credit

Oh no, I m not joking! You read it right. A bad credit, bankruptcy or foreclosure cannot stop you from owning a house. Gone are the days when only the “solvent” could afford to buy a house. Nowadays, even a person with no credit can dream of owning a house. Of course it comes with a little more price, but something is better than nothing, right?

When can you actually start seeking a loan?

1.There are certain rules which you need to follow after your bankruptcy to be able to seek a loan. These are:-

2.The period between two bankruptcy filings is seven years but the credit report demands at least ten years.

3.FHA Guidelines list a period of two years after foreclosure to be able to qualify a down payment of just 3-4%.

4.You can get a loan even after six months of filing your bankruptcy but you have to approach hard money lenders for that. However, they demand a down payment of 20-35% and the interest rates are also very high.


Tips For Settling In At Your New Home

Purchase of a new house is unquestionably one of the most exciting events a family can experience. One definitely feels very overwhelmed while moving the boxes, bubble wrap and other fixtures. However, besides a smooth moving process, there are several other factors which if considered will assist you in settling in at your new home quickly and efficiently.

Fill out the address form – an official change of the address form is very important because this is how you will be receiving all your mails. The address change can be easily executed by visiting the local post office. Alternatively, you can also visit the website of the post office. In addition, financial companies and banks should be intimated directly about change in the address.


The Farell House by Frank Lloyd Wright Jr.

The Farell House is centered around a romantic yard, with private pool, somewhere  in Los Feliz, in the Hollywood district of Los Angeles, California. It seems very simple from outside, but when you analyze it more carefully, you realize it is very complex. The building in itself is in harmony with everything around it: the yard, the pool and once you enter,  you get to see textile blocks, wood flooring, floor and ceilining walls of glass.

The colours which harmonize so well delight the viewer and make him not want to leave anymore. The apparent simplicity from the outside floats also inside. Eveything seems to be miraculous, from the walls, glass windows, wooden floors to the the modern furniture, colours, all the necessary devices existing in a house and the details which underline the personality of the owner and the originality of the home.


Monaco – the most expensive real estate in the world

Some places are better than others when considering location, climate, industry, closeness to cities and a few other elements. That is why there are many people who want to live there, so the price for real estates goes up. People working in this field have made a top with the most expensive places to live in and they have found out that the most expensive one is Monaco, followed closely by London and New York.

Or at least that is what people who wrote The Wealth Report 2011 state. It’s all about demand and offer, as there are so few people selling and so many wanting to buy. That is why  you can expect to buy only 15 square meters of real estate for $1 million in this place. After many comparisons, they estimated a cost of $65,000 per square meter in Monaco, while you would spend $56,300 in London for the same surface. So the Monaco residential area is considered top of the world and you can meet the biggest number of billionaires and stars there.


Amazing House Across a River

After a long period  in which you have worked, the idea of having a break or a holiday in the appropriate place sounds very well. And what can be more attractive than a rustic retreat in a place called Three Rivers, somewhere in California. This place is a real corner of heaven in which nature proves again to be a very dear friend.

What makes this house different from the other houses in the middle of nature? Maybe it is the river which flows under it, or the fact that everything is in the heart of nature and it is impossible not to relax and feel free. A certitude is the fact that once you see this spot, you realize it is the ideal place for a vacation, with  everything in the house or around it:  wide windows, ornamental plants, a successful combination between modern pieces of furniture and rustic elements which make the general image even more attractive and beautiful and, obviously, all the necessary devices which make a house comfortable and cosy.


Tiger Woods Mansion in Florida

People grow in number constantly, but the land available remains the same, so it’s only natural to be more and more expensive, especially in the areas where the demand is bigger like in or near large cities and in such nice places like Florida for example. So if you buy a property there, you can be sure it will be worth more in time.

Let’s take a look at the mansion Tiger Woods bought there in 2006 for $44.5 million and which is now estimated at $60 million. It’s also true that he invested a lot of money in it and rebuilt and redesigned it, so it’s basically a new one nowadays.


Silicon Valley mansion sold for $100 million

For some reasons after the Communist regime in Eastern Europe had fallen apart and all the states in the former Soviet Union gained their independence, some people there with enough guts and knowledge became billionaires and made huge investments abroad. So they bought things like this amazing mansion located in Silicon Valley.

Actually the mansion was sold for the huge sum of $100 million, which is the biggest price of a single family mansion in the US. However, this mansion is really big and looks like a castle, built in the style of a French “chateau”.


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