When a homeowner is forced to give up a home because of financial hardship, the house is referred to as distressed property. Buyers can often purchase distressed properties at a deep discount, but these transactions...
![Blackboard reading, Short Sales vs. Foreclosures to describe concept of differences between distressed properties.](https://www.houseopedia.com/wp-content/uploads/2020/09/What-Are-the-Differences-Between-Distressed-Properties-e1599511448480-770x360.jpeg)
When a homeowner is forced to give up a home because of financial hardship, the house is referred to as distressed property. Buyers can often purchase distressed properties at a deep discount, but these transactions...
Living with roommates can save you money — or help you afford a nicer place to live — but beware of the pitfalls of communal living. Here are a few tips for being a good...
Before signing the lease on your first apartment, don’t forget to read the fine print. That’s where you’ll find the details of your responsibilities as a tenant. Failing to read them could cost you big...
In today’s world of prolific online hackers, we all need to exercise due diligence to protect our personal information. The last few years have seen several massive hacks, including the Equifax data breach announced in...
The COVID-19 pandemic shut down most of the American economy, triggering massive job layoffs, furloughs and pay cuts. In March 2020, the federal government passed the Coronavirus Aid Relief and Economic Security (CARES) Act to...
Most homeowners sell their houses to traditional buyers who plan to make the property their home. But investors also buy homes, and sometimes it may be advantageous to sell to one. What are the pros...
For many Americans, owning investment real estate is a steady path to financial security. Renting out your investment property means positive cash flow, and you can use those rental payments to build your equity in...
The Coronavirus Aid Relief and Economic Security Act (CARES), passed in March 2020, provides multifaceted financial relief to Americans during the pandemic. A section of the law provides COVID-19 student loan assistance to those who’ve...
If you’ve wanted to buy real estate as an investment, you might consider buying a house at a foreclosed property auction. You can get a great value, but the process can be risky and you...
Most individual retirement accounts (IRAs) invest in traditional securities: stocks, bonds and mutual funds. If you are looking to diversify your investments, however, you may be interested in a lesser-known retirement account known as a...