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What are the dangers in buying foreclosed homes?

Investing in foreclosure properties is more risky than a typical real estate transaction since the buyer is purchasing the home "as is" and will be held responsible for any issues discovered during a home inspection.


Is buying stock a risky financial venture?

There is always some inherent risk to buying stocks. There is no guarantee they will not decrease in value after you purchase them and you can lose your whole investment.


What does stocks on margin mean?

05/08/08 Buying on margin means that you are buying your stocks with borrowed money_______________________________________________________________It means that you've borrowed money to finance your stock purchase. This is very risky and may lead to a margin call if the share price declines.


What does stock margin mean?

05/08/08 Buying on margin means that you are buying your stocks with borrowed money_______________________________________________________________It means that you've borrowed money to finance your stock purchase. This is very risky and may lead to a margin call if the share price declines.


How risky is it to co sign a mortgage for a relative?

It depends on how dependable the relative is, but generally it is *incredibly* risky. If your relative can't make the payments for some reason, then you are responsible for paying that mortgage. If you don't pay, then it will show up on your credit report, and that can hurt you financially. Plus, if the house goes into default or sells for less than you owe, the mortgage company can ask for a judgment against you, and you will hav to pay the difference. It is just as risky as buying a house for yourself, with fewer benefits. However, if your relative is a responsible person that you trust, then it is a very nice thing to do. If your relative makes the payments on time and works up his or her credit, then he or she might be able to refinance the home without you having to co-sign in the future. ... But they might have the option of buying a house now without your signature, just a smaller house.

Related Questions

What are the dangers in buying foreclosed homes?

Investing in foreclosure properties is more risky than a typical real estate transaction since the buyer is purchasing the home "as is" and will be held responsible for any issues discovered during a home inspection.


Can you be evicted if your landlord is in foreclosure?

A landlord that has a choice of renting to a person who has a repo and a person who doesnt will likely choose the NON repoed person. Why?? They manage to PAY their bills SOMEHOW. YES, it LOWERS your credit score making it harder to get credit. Rent is a form of credit.


Where can I learn more about techniques to buy foreclosure houses?

Buying foreclosed houses can be lucrative but risky. Several guides exist online to help navigate this decision. Sites with these guides include: HGTV Front Door, Bigger Pockets, and This Old House.


Buying car from person who is still paying?

Risky business, I wouldn't do it.


What does conveyancing mean?

Conveyancing is the legal process of transferring ownership of property from one person to another. It involves preparing, verifying, and lodging documents such as deeds and contracts to ensure the transfer of property is done correctly and legally.


Why was buying on a margine risky?

If the stock has not gone up when the margin call is due, you lose money.


Is it safe to buy transmissions for sale from the internet?

Buying online is always risky. Therefore, buying from eBay is not without risk. However, eBay does offer Buyer Protection, which makes buying on eBay less risky, than some other websites. eBay Buyer Protection covers items purchased on eBay with eligible payment methods that are not received or not as described in the listing. Always make sure you pay through Paypal to assure you will be covered under eBay's Buyer Protection policy.


Where can one search for Northern Cyprus property?

Buying property in Northern Cyprus can be very risky. Due to invasions, most land is still owned by refugees who escaped, or by their descendants. If one purchases a home, the land the home is located on cannot be purchased. If this is a risk one is willing to take, property can be found listed on websites such as Right Move, Ian Smith Estate, and North Cyprus Property Consultants.


Is buying stock a risky financial venture?

There is always some inherent risk to buying stocks. There is no guarantee they will not decrease in value after you purchase them and you can lose your whole investment.


Buying the call option is risky?

Buying calls isn't very risky. If the option expires out-of-the-money, all you lose is your premium. If it expires enough in-the-money to cover the price of the stock plus the premium on the call, you make money--potentially a LOT of money if the stock price shoots up.


What is the definition of the term buying notes?

The term buying notes refers to buying real estate through a note, otherwise known as a loan. It is a risky proposition as sometimes a person may need fast cash just to stay afloat.


Can you have a baby if you have diabetics and high blood pressure?

Yes. None of that makes a person unable to have children it simply makes the pregnancy more risky.