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Common Questions from First-time Homebuyers - HUD HUD News Newsroom Priorities About HUD Homes Buying Owning Selling Renting Homeless Home improvements HUD homes Fair housing FHA refunds Foreclosure Consumer info Communities About communities Volunteering Organizing Economic development Working with HUD Grants Programs Contracts Work online HUD jobs Complaints Resources Library Handbooks/ forms Common questions Tools Webcasts Mailing lists Contact us Help Common Questions from First-time Homebuyers Information by State Esta página en español Print version Email this to a friend Why should I buy, instead of rent? Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you'll enjoy having something that's all yours - a home where your own personal style will tell the world who you are. What are "HUD homes," and are they a good deal? Answer: HUD homes can be a very good deal. When someone with a HUD insured mortgage can't meet the payments, the lender forecloses on the home; HUD pays the lender what is owed; and HUD takes ownership of the home. Then we sell it at market value as quickly as possible. Read all about buying a HUD home . Check our listings of HUD homes and homes being sold by other federal agencies. Can I become a homebuyer even if I have I've had bad credit, and don't have much for a down-payment? Answer: You may be a good candidate for one of the federal mortgage programs . Start by contacting one of the HUD-funded housing counseling agencies that can help you sort through your options. Also, contact your local government to see if there are any local homebuying programs that might work for you. Look in the blue pages of your phone directory for your local office of housing and community development or, if you can't find it, contact your mayor's office or your county executive's office. Are there special homeownership grants or programs for single parents? Answer: There is help available. Start by becoming familiar with the homebuying process and pick a good real estate broker. Although as a single parent, you won't have the benefit of two incomes on which to qualify for a loan, consider getting pre-qualified, so that when you find a house you like in your price range you won't have the delay of trying to get qualified. Contact one of the HUD-funded housing counseling agencies in your area to talk through other options for help that might be available to you. Research buying a HUD home, as they can be very good deals. Also, contact your local government to see if there are any local homebuying programs that could help you. Look in the blue pages of your phone directory for your local office of housing and community development or, if you can't find it, contact your mayor's office or your county executive's office. Should I use a real estate broker? How do I find one? Answer: Using a real estate broker is a very good idea. All the details involved in home buying, particularly the financial ones, can be mind-boggling. A good real estate professional can guide you through the entire process and make the experience much easier. A real estate broker will be well-acquainted with all the important things you'll want to know about a neighborhood you may be considering...the quality of schools, the number of children in the area, the safety of the neighborhood, traffic volume, and more. He or she will help you figure the price range you can afford and search the classified ads and multiple listing services for homes you'll want to see. With immediate access to homes as soon as they're put on the market, the broker can save you hours of wasted driving-around time. When it's time to make an offer on a home, the broker can point out ways to structure your deal to save you money. He or she will explain the advantages and disadvantages of different types of mortgages, guide you through the paperwork, and be there to hold your hand and answer last-minute questions when you sign the final papers at closing. And you don't have to pay the broker anything! The payment comes from the home seller - not from the buyer. By the way, if you want to buy a HUD home , you will be required to use a real estate broker to submit your bid. To find a broker who sells HUD homes, check your local yellow pages or the classified section of your local newspaper. How much money will I have to come up with to buy a home? Answer: Well, that depends on a number of factors, including the cost of the house and the type of mortgage you get. In general, you need to come up with enough money to cover three costs: earnest money - the deposit you make on the home when you submit your offer, to prove to the seller that you are serious about wanting to buy the house; the down payment , a percentage of the cost of the home that you must pay when you go to settlement; and closing costs , the costs associated with processing the paperwork to buy a house. When you make an offer on a home, your real estate broker will put your earnest money into an escrow account. If the offer is accepted, your earnest money will be applied to the down payment or closing costs. If your offer is not accepted, your money will be returned to you. The amount of your earnest money varies. If you buy a HUD home, for example, your deposit generally will range from $500 - $2,000. The more money you can put into your down payment, the lower your mortgage payments will be. Some types of loans require 10-20% of the purchase price. That's why many first-time homebuyers turn to HUD's FHA for help. FHA loans require only 3% down - and sometimes less. Closing costs - which you will pay at settlement - average 3-4% of the price of your home. These costs cover various fees your lender charges and other processing expenses. When you apply for your loan, your lender will give you an estimate of the closing costs, so you won't be caught by surprise. If you buy a HUD home , HUD may pay many of your closing costs. How do I know if I can get a loan? Answer: Use our simple mortgage calculators to see how much mortgage you could pay - that's a good start. If the amount you can afford is significantly less than the cost of homes that interest you, then you might want to wait awhile longer. But before you give up, why don't you contact a real estate broker or a HUD-funded housing counseling agency ? They will help you evaluate your loan potential. A broker will know what kinds of mortgages the lenders are offering and can help you choose a lender with a program that might be right for you. Another good idea is to get pre-qualified for a loan. That means you go to a lender and apply for a mortgage before you actually start looking for a home. Then you'll know exactly how much you can afford to spend, and it will speed the process once you do find the home of your dreams. How do I find a lender? Answer: You can finance a home with a loan from a bank, a savings and loan, a credit union, a private mortgage company, or various state government lenders. Shopping for a loan is like shopping for any other large purchase: you can save money if you take some time to look around for the best prices. Different lenders can offer quite different interest rates and loan fees; and as you know, a lower interest rate can make a big difference in how much home you can afford. Talk with several lenders before you decide. Most lenders need 3-6 weeks for the whole loan approval process. Your real estate broker will be familiar with lenders in the area and what they're offering. Or you can look in your local newspaper's real estate section - most papers list interest rates being offered by local lenders. You can find FHA-approved lenders in the Yellow Pages of your phone book. HUD does not make loans directly - you must use a HUD-approved lender if you're interested in an FHA loan. In addition to the mortgage payment, what other costs do I need to consider? Answer: Well, of course you'll have your monthly utilities. If your utilities have been covered in your rent, this may be new for you. Your real estate broker will be able to help you get information from the seller on how much utilities normally cost. In addition, you might have homeowner association or condo association dues. You'll definitely have property taxes, and you also may have city or county taxes. Taxes normally are rolled into your mortgage payment. Again, your broker will be able to help you anticipate these costs. So what will my mortgage cover? Answer: Most loans have 4 parts: principal: the repayment of the amount you actually borrowed; interest: payment to the lender for the money you've borrowed; homeowners insurance: a monthly amount to insure the property against loss from fire, smoke, theft, and other hazards required by most lenders; and property taxes: the annual city/county taxes assessed on your property, divided by the number of mortgage payments you make in a year. Most loans are for 30 years, although 15 year loans are available, too. During the life of the loan, you'll pay far more in interest than you will in principal - sometimes two or three times more! Because of the way loans are structured, in the first years you'll be paying mostly interest in your monthly payments. In the final years, you'll be paying mostly principal. What do I need to take with me when I apply for a mortgage? Answer: Good question! If you have everything with you when you visit your lender, you'll save a good deal of time. You should have: 1) social security numbers for both your and your spouse, if both of you are applying for the loan; 2) copies of your checking and savings account statements for the past 6 months; 3) evidence of any other assets like bonds or stocks; 4) a recent paycheck stub detailing your earnings; 5) a list of all credit card accounts and the approximate monthly amounts owed on each; 6) a list of account numbers and balances due on outstanding loans, such as car loans; 7) copies of your last 2 years' income tax statements; and 8) the name and address of someone who can verify your employment. Depending on your lender, you may be asked for other information. I know there are lots of types of mortgages - how do I know which one is best for me? Answer: You're right - there are many types of mortgages, and the more you know about them before you start, the better. Most people use a fixed-rate mortgage. In a fixed rate mortgage, your interest rate stays the same for the term of the mortgage, which normally is 30 years. The advantage of a fixed-rate mortgage is that you always know exactly how much your mortgage payment will be, and you can plan for it. Another kind of mortgage is an Adjustable Rate Mortgage (ARM). With this kind of mortgage, your interest rate and monthly payments usually start lower than a fixed rate mortgage. But your rate and payment can change either up or down, as often as once or twice a year. The adjustment is tied to a financial index, such as the U.S. Treasury Securities index. The advantage of an ARM is that you may be able to afford a more expensive home because your initial interest rate will be lower. There are several government mortgage programs,including the Veteran's Administration's programs and the Department of Agriculture's programs . Most people have heard of FHA mortgages. FHA doesn't actually make loans. Instead, it insures loans so that if buyers default for some reason, the lenders will get their money. This encourages lenders to give mortgages to people who might not otherwise qualify for a loan. Talk to your real estate broker about the various kinds of loans, before you begin shopping for a mortgage. When I find the home I want, how much should I offer? Answer: Again, your real estate broker can help you here. But there are several things you should consider: 1) is the asking price in line with prices of similar homes in the area? 2) Is the home in good condition or will you have to spend a substantial amount of money making it the way you want it? You probably want to get a professional home inspection before you make your offer. Your real estate broker can help you arrange one. 3) How long has the home been on the market? If it's been for sale for awhile, the seller may be more eager to accept a lower offer. 4) How much mortgage will be required? Make sure you really can afford whatever offer you make. 5) How much do you really want the home? The closer you are to the asking price, the more likely your offer will be accepted. In some cases, you may even want to offer more than the asking price, if you know you are competing with others for the house. What if my offer is rejected? Answer: They often are! But don't let that stop you. Now you begin negotiating. Your broker will help you. You may have to offer more money, but you may ask the seller to cover some or all of your closing costs or to make repairs that wouldn't normally be expected. Often, negotiations on a price go back and forth several times before a deal is made. Just remember - don't get so caught up in negotiations that you lose sight of what you really want and can afford! So what will happen at closing? Answer: Basically, you'll sit at a table with your broker, the broker for the seller, probably the seller, and a closing agent. The closing agent will have a stack of papers for you and the seller to sign. While he or she will give you a basic explanation of each paper, you may want to take the time to read each one and/or consult with your agent to make sure you know exactly what you're signing. After all, this is a large amount of money you're committing to pay for a lot of years! Before you go to closing, your lender is required to give you a booklet explaining the closing costs, a "good faith estimate" of how much cash you'll have to supply at closing, and a list of documents you'll need at closing. If you don't get those items, be sure to call your lender BEFORE you go to closing. Be sure to read our booklet on settlement costs . It will help you understand your rights in the process. Don't hesitate to ask questions. More information? Answer: See our 100 questions and answers about buying a home. Content updated October 25, 2005 Back to top FOIA Privacy Web Policies and Important Links Home U.S. Department of Housing and Urban Development 451 7th Street S.W., Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455 Find the address of a HUD office near you

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Find Your Home Value, House Values and Prices on Yahoo! Real Estate Find Your Home Value, House Values and Prices Choose Location Home Homes for Sale Apartments for Rent Home Loans Moving & Insurance Tools My Real Estate Real Estate > Resources & Tools > Home Values and Prices Features Classifieds • Sell Your Home • Rent Your Apartment Home Search • Find Homes for Sale • Find Properties for Rent REALTORS • Find & Compare REALTORS Mortgages & Financing • Find a Lender • Today's Mortgage Rates • Loan Calculators • Credit Reports • Refinance Loans Resources • Moving Services • Foreclosure Center Neighborhood Research • What's My Home Worth? • School Profiles • Neighborhood Profiles Specialty Property • Foreclosures • New Homes • Commercial Real Estate • List Commercial Real Estate Home Improvement & Services • Home Services • Home Improvement Library • House Facts Get Home Values and Prices Sponsored by Get Home Values and Prices Access millions of public real estate records instantly! This comparable sales data helps you analyze the value of your home or other homes in seconds. Results include price, square footage, bedrooms, and year built (where available). You can also get a custom home valuation from a top-performing local REALTOR! Street Address: City & State or Zip: Sponsored Links Find a Real Estate Appraiser Find a real estate appraiser anywhere throughout the USA. Licensed, pre-screened, searchable by city and zip. www.appraiserwho.com Instant Real Estate Appraisals Instant and accurate home valuations. Buying or selling? Our multi-page reports give an accurate viewpoint of your property value. Comprehensive reports, including tax data. Nationwide. www.electronicappraiser.com Free Real Estate Appraisal Visit Homescape.com now to sign up for a free, no-obligation real estate appraisal and find local real estate agents to help you sell. www.homescape.com Find Real Estate Appraisers Search our free nationwide database of real estate appraisers. Fast searches and precise coverage areas. Come and see the difference. www.appraisermatch.com (Become a Sponsor) Homes For Sale - Apartments For Rent - Current Mortgage Rates - Real Estate Agents - Local - Yellow Pages

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Flat/House - Rent in Perth - Gumtree Perth gumtree.com.au > Perth > Flat/House - Rent -- Search for: $ -- -- -- How does this work? Flat/House - Rent houses/flats for rent | houses/flats for rent wanted post an ad edit/delete an ad | repost an ad | subscribe free | unsubscribe | What is RSS? Bookmark this Page Monday 12th December wanted for rent (fremantle and surrounds) 12/01 Looking for a furnished house with shed, Applecross or nearby (Applecross) 01/03 Sunday 11th December Hamersley 3x1 (Hamersley) 11/12 Family with 2 kids looking for furnished house to rent in Subiaco area (Subiaco Area) 20/01 Saturday 10th December We are a Italian couple, we find a house for 3 or 6 month. (Perth, or near) 28/11 Shenton Park prime location , newly furnished apartment (Shenton Park,) 07/02 Friday 9th December Garden unit in Beautiful complex (Mt Lawley) 09/12 Thursday 8th December New Family need home with pets ok. (Joondalup, Heathridge, Beldon, Edgewater) 01/11 Wednesday 7th December Comfortable rental wanted (Mnt Lawley) 16/01 short term accomodation furnished (canningvale, huntingdale, east vic park) 19/05 Tuesday 6th December 3 bedroom house in Rossmoyne High School Zone (Riverton) 01/01 Short Term Accommodation Needed! (Subiaco Area) 03/01 Lovely 2 Bedroom Apartment (Claremont) 01/01 Monday 5th December 200-250 Aud/ Wk Need a 2 bed room apartment (furnished/ unfurnished) (Nearer to St George Terrace) 01/02 Sunday 4th December small unit furnished (Subiaco) 02/01 House For Rent (Wembley) 17/12 Saturday 3rd December looking for a sharehouse (curtin) 06/02 Monday 28th November House to rent avail immediately (Coogee Munster) 31/10 South Perth apartments for short/long term stay (South Perth) 02/11 Sunday 27th November Houses for rent Wanted in Churchlands Wa (Churchlands) 01/01 Thursday 24th November Accomodation wanted (Cott/Mossie Park anywhere )) 15/01 Tuesday 22nd November Spacious Townhouse, North Freo (North Fremantle) 05/12 Monday 21st November house/flat for rent wanted (Nedlands area or nearby) 24/01 Brilliant Location (Wembley) 25/10 Saturday 19th November Granny Flat Wanted (Perth) 20/02 [ Previous ] [ Next ] Flat/House - Rent Search for: $ -- -- -- How does this work? Adelaide | Auckland | Belfast | Birmingham | Bournemouth | Bradford | Brighton | Brisbane | Bristol | Cambridge | Capetown | Cardiff | Christchurch | Coventry | Dublin | Durban | Edinburgh | Exeter | Glasgow | Guildford | Johannesburg | Krakow | Leeds | Leicester | Liverpool | Lodz | London | Manchester | Melbourne | Middlesbrough | Newcastle | Norwich | Nottingham | Oxford | Perth | Plymouth | Portsmouth | Reading | Sheffield | Southampton | Swansea | Sydney | Warsaw | Wellington | Wroclaw | York |

Real Estate Investment Club

Jurock.com - British Columbia Real Estate Marketplace Special Christmas Offer from Jurock.com Your Ad Here Real Estate Experts LOG IN | EDIT PREFERENCES Ask a Tax Expert with David Ingram I am a Canadian citizen living in the USA. They always tell me to leave my RRSPs untouched in Canada, but I would like to use that money to buy a house in Florida. Will it make sense to take the money for this? I am planning to stay here in the USA. Read More Ask a Property Manager of Individual Homes with Denise Barker, RI(BC) Myself and my boyfriend moved into an older house in early fall, now it's full winter and we realized our woodstove lets out tons of smoke every time we open it. We try to open as little as possible but we have to put wood in to keep it going. So my ... Read More A comprehensive directory - actively maintained since 1996 Appraisals Builders and Contractors Careers and Education Developers Developments Financing Government Sites Guides and Directories Home Inspectors Insurance Investments Law Mortgage Brokers Professional Associations Property Management Real Estate Companies Realtors Recreational Property Relocating Rental Property Selling Tax Chestnuts On The Laptop, Champagne Corks In Your Eye! Facts by Email Toronto: Big Players See Potential And They May Be Right Victoria Rental Market Remains Best In Country Saskatoon Commercial Real Estate Market Has Potential What To Do When The Vendor Gets Cold Feet The 'Loon' Of The Week Friday, December 16, 2005 Pre-Sales: Are Developers Leaving Something On The Table? Or Will Buyers Feast? Insider Newsletter Condominium pre-sales in Greater Vancouver have become so common that there is little thought anymore that people are willing to lineup for hours to pay $500 a square foot for a suite they have never seen and won't be able to move into for two years or more. Latest topics from our forums whistler, whats new? Squamish pulp mill closes 2006 predictions double-ended double tricks/ Bubble, Bubble -- Then Trouble Upload listings FREE Virtual Tours Buying a Home Home Listings, Loan Info, Home Prices... Selling a Home Market analysis, Tips on Selling, Find a good realtor... Renting Rentals Search, Post your rentals Tenant Info... Commercial Commercial Listings, expert advice, Cap Rates Info... Recreational Recreational listings, insights, market reviews... Financing Mortgage Quotes, Interest Rates, Finance Calculators... THIS WEEK: Ozzie Jurock: Tips for Condo Pre-sales More Videos Real Estate Action Weekend The Insider Newsletter $297 know the latest trends learn expert investment techniques get weekly scoops on the best real estate deals plus more Personal Real Estate Business Plan $97 Create the plan that will help guide you to success See All Our Products >> Email Dispatch - Free Free weekly email with the latest Ask an Expert, mortgage rates, Real Estate Deals, and more Rental Listings #1107 - 1199 Marinaside Cr., Vancouver Downtown Condo/Apartment, - More Rentals - New Rentals This Week Your Ad Here Privacy | Security | Site Map | Advertising | FAQ | Masthead | Contact Us REAG: Canadian Real Estate Investment Club Reproduction of material from any Jurock.com pages without written permission is strictly prohibited. 2005 Jurock International Net. All rights reserved. Powered by FeatureWeb

Foreclosure Property Listings •

Tax Administration Durham County Government Advanced Search Terrorist Threat Level Home Services Departments News Jobs Public Records Where Can I Find...? Calendar Links Feedback Durham Neighborhood College "Enlightening and empowering citizens to build a better Durham" UPDATED: December 15, 2005 > Tax Administration : Foreclosure Auction New Office Hours to 8:30AM - 5:00PM effective February 2, 2004 Durham County Tax Office to accept electronic check payments Department Home General Information • About the Tax Administrator • About the Tax Office • Frequently Asked Questions • Tax Valuation Appeal Process • Tax Rates Public Information • Record Searches • On-line Business Listing System • On-line Tax Payments • Tax Foreclosure Property Listings • GIS Maps • Property Tax Forms and Publications • Impact Fee Information Information For... • Owners of Real Estate • Business Personal Property Owner • Business Privilege License/ Beer/Wine License • Motor Vehicle & Personal Property Taxation • Revaluation 2008 • Revaluación 2008 Property Tax Foreclosure Auction The tax information provided here is for informational purposes only, does not constitute any certification of taxes and should not be relied upon for actual payment or collection of taxes. The information, pictures, maps, or any other data contained on this website contains no warranties or guarantees. Anyone interested in participating in the bidding process should conduct his or her own research for each individual property. The Durham County Tax Collector, at the direction of the Durham County Commissioners and the Durham City Council, is aggressively pursuing the collection of delinquent real and personal property taxes. One of the collection tools used by the Tax Collector is the employment of private attorneys to commence formal foreclosure proceedings under North Carolina General Statutes 105-374 against real property on which there are delinquent unpaid property taxes. IMPORTANT INFORMATION Frequently Asked Questions (FAQ) about the tax foreclosure process in Durham and in North Carolina AuctionContent PropertyTax Foreclosure Sale Date: December 13, 2005 Location: Durham County Judicial Bldg.(lobby area) Time: 12:00 noon [All Parcel Listings for Auctions are in PDF Format] Parcel Listing for Auction Last Updated Parcel113326 for December 13, 2005 Sale (Sold for $10,500.00) December 13, 2005 Parcel132661 for December 13, 2005 Sale (Redeemed) December 13, 2005 Parcel161494 for December 13, 2005 Sale (Redeemed) December 8, 2005 Parcel114945 for December 13, 2005 Sale (Sold for $5,725.00) December 13, 2005 All Durham County foreclosure sales are made subject to all outstanding City and County taxes and all local improvement assessments against the properties offered for sale that are not included in the judgment of each entitled cause herewith. A deposit of ten percent (10%) of the successful bid will be required the day of the sale. Minimum bid sheets and general foreclosure sale information is located at the Customer Service Counter. Adobe's free PDF Reader is required to view documents in PDF format. DOWNLOAD ADOBE PDF READER HERE! The tax information provided here is for informational purposes only, does not constitute any certification of taxes and should not be relied upon for actual payment or collection of taxes. The information, pictures, maps, or any other data contained on this website contains no warranties or guarantees. Anyone interested in participating in the bidding process should conduct his or her own research for each individual property. top of page Last updated: September 9, 2004 © 2005, Durham County Government, North Carolina. All rights reserved. 200 E Main Street, Durham, NC 27701 webmaster@durhamcountync.gov Website Disclaimer & Policies