Common Real Estate Definitions and Terms Explained

Below are some commonly used terms throughout the foreclosure process by mortgage lenders, investors, and real estate professionals. Notice of Default (NOD): The initial document (non-judicial) filed by a trustee that starts the foreclosure process, usually after the occurrence of a default under the deed of trust, or mortgage. Both LIS and NOD are part of the PRE-foreclosure process. lis pendens (LIS): Notification of pending lawsuit. The initial document (judicial) filed by an attorney or trustee that starts the foreclosure process after the occurrence of default under the deed of trust or mortgage. Both LIS and NOD are part of
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2014 Flathead Valley Parade of Homes

The FBA is a non-profit membership organization with over 30 years of experience dedicated to promoting professionalism, credibility, quality and vitality in the Building industry to the benefit of its members and citizens of Northwest Montana. In 2019, the FBA has 155 members. 44 of the members are Builders/Remodelers and 111 are Associate members representing sub-contractors and businesses related to the construction industry, including major financial institutions and title companies. These businesses work together to create a positive environment in support of the construction industry of the Flathead Valley. Get the inside view of today’s Montana lifestyle. Enjoy three days
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Business Leaders Nurture Tourism: Trade Mission Aims To Bolster Recreational, Medical Opportunities

WHITEFISH – With an eye toward promoting recreational and medical tourism in the region, Flathead Valley business leaders traveled to Canada last week to foster a stronger partnership with their neighbors to the north. U.S. Sen. Max Baucus, who organized the economic trade mission, said its impetus was to build on Montana’s existing trade relationship with Canada by reaching out to industry officials and meeting in real time. Baucus said he expects the trade mission and others like it will bring more nonresident buyers into the state, as well as create new jobs and boost business opportunities. “Helping businesses create
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Best Ski Resort Towns For Real Estate Investing

By Daren Blomquist, RealtyTrac Vice President | June 10, 2014 With the busyness and stress of the holidays over — except for maybe that Christmas credit card bill that needs to be paid — it may be time to get away from it all by going on a ski vacation in a snowy mountain resort town. Towns are great places to stay as they are so convenient, for example check out this for rent townhouse 3 bedroom barrie. Those who make such a post-holiday trip into an annual tradition might consider buying real estate in their favorite mountain resort town
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Battle Over Flathead Water Rights Faces Specter of Litigation

Tribes are reviewing legal options; state representative says issue will likely go to court. In 34 years, Montana lawmakers have approved 17 out of the 18 water rights compacts to come before the Legislature, counting settlements for the C.M. Russell National Wildlife Refuge and Upper Missouri River Breaks National Monument, which recently cleared the House on their way to the governor’s desk. The only compact that legislators have rejected since the Montana Reserved Water Rights Commission was established in 1979 is an expansive agreement to forever settle the Confederated Salish and Kootenai Tribes’ water rights on and off the Flathead
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Whitefish Ranks First For Ski Resort Town Real Estate Investment

RealtyTrac set out to find the best ski resort town for real estate investing. They sifted through housing and economic data for resort towns with some of the nation’s top ski resorts — as defined by extensive data analysis by their friends over at Zrankings — to come up with a list of top ski resort towns for real estate investing. Below is the list of criteria used, along with the winners.
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Achieving Proper Pricing for Your Montana Property

How do we determine the price for your property? We walk through your property and the home in person. We cannot begin the research required to determine market value without first seeing the real property firsthand. We know the areas comparable to your area. A 4-bed, 2-bath home in Columbia Falls, for instance, does not compare equally with a 4-bed, 2-bath home in Bigfork. Our agents have the tools and knowledge to determine the differences in value anywhere in the Flathead Valley, for example we have knowledge to property value in Sydney and other countries. We prepare what is called
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10 Home Design Choices That Cut Costs, Not Quality

Value-engineering a home is a tricky operation, since it is easy to remove critically important features and amenities that could be deal-breakers for potential buyers. However, in this market, keeping prices competitive generally means rethinking design decisions made prior to the recession. Here are some ways to value-engineer your home to cut prices down while keeping design standards high. If you need someone to handle all the details below consider a full-service contractor. 1. Bring the fireplace inside. Historically the wood-burning fireplace was a brick chimney located on an outside wall extending to the roof. This way is also a
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10 Common Errors Home Owners Make When Filing Taxes

Don’t rouse the IRS or pay more taxes than necessary—know the score on each home tax deduction and credit. Watch out for the common tax-filing errors, and you’ll get a maximum return without raising any red flags with the IRS. You may also want to have a look at some cheap TurboTax software too for more guidance. As you calculate your tax returns, consider each home tax deduction and credit you are—and are not—entitled to. Running afoul of any of these 10 home-related tax mistakes—which tax pros say are especially common—can cost you money or draw the IRS to your
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9 Interior Home Features That Buyers Most Crave

Home buyers are sizing up homes with a long list of preferences. The typical home shopper buys a home with three bedrooms a good living room with Recline Chairs and two full bathrooms, according to the National Association of REALTORS(R) 2013 Home Features Survey. Be very careful when installing most of these. The fact that they are so attractive and visually appealing means that installation is often a larger hassle and considerably more complicated. What feature did home shoppers report they most desire in a home? Central air conditioning, according to the survey of 2,000 buyers on 33 home features.
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