Article: You typically have to pay cash at an auction. But if you are looking to buy an REO, you can pay with a mortgage. The key is to get pre-approved. Stop by a bank or get pre-approved online. You’ll have to provide some financial information, such as your income, assets, and credit history.  Some banks won’t offer traditional mortgages for homes in foreclosure, especially if they are in poor condition or considered uninhabitable. In that case, you might need a non-traditional mortgage, which can cost quite a bit more. Most online auctions will state directly whether or not financing is allowed. If possible, try to get preapproved by the bank that owns the property. They aren’t required to extend financing, but it can be helpful if they do. Otherwise, you may have to work with a secondary mortgage or seek a rehab loan if the property has conspicuous problems. Find out how much other foreclosed homes are selling for in the same neighborhood. Make sure these “comps” have the same basic specs as your home—square footage, number of bedrooms, etc. Calculate an offer that fits within the comp range and, most importantly, fits within your budget.  Also check how long these comps have been on the market. Have they been sitting there for more than six months? Or have homes been moving much quicker? Look at the fair market value for other properties in your area. When you factor in the repair costs to the initial cost of the foreclosure, it should not exceed the fair market value. If it does, you may be overpaying for the property. If the housing inventory in your area is scarce, there may not be other foreclosed properties to compare. You still need to offer a down payment when buying a bank-owned property. If you intend to rent the property, you might need to come up with anywhere from 10% to 30% of the purchase price.  Remember that down payment requirements are variable. While an REO bank may only require a 10% down, the mortgage lender may require up to 25-30% down, depending on whether the property is commercial or residential. A 5 plex or above could be considered commercial property, even if you are renting it out as residential apartments. Housing markets in most areas of the country have improved considerably. You’re probably competing with many people to get a foreclosure, so you should start with your best offer first if the market is hot. If your offer is low, you should submit supporting documents justifying the amount. For example, provide a list of repairs or comparable properties. After bidding, be prepared to wait. The bidding process on a bank-owned property is not the same as the bidding process for a traditional sale. A bank will need an asset manager to sign off on the contracts. You might have to wait a few days after making an initial offer to get your contracts or receive a counteroffer. Often, you can expect a response within a few days. It could take several days to execute an agreement for the winning bid. Often, though, sellers don't like to hold up the process any longer than absolutely necessary and so will expedite it as much as possible.
Question: What is a summary of what this article is about?
Get preapproved for a mortgage. Look for comparable properties when pricing your offer. Come up with a down payment. Start with your best bid. Wait.
Article: If you’ve found someone you’re seriously interested in, don’t be afraid to make the first move. Most girls really appreciate it when you take the initiative to ask them out (even if they don’t say yes). On top of that, you will feel proud of yourself for having been so bold (again, even if they don’t say yes). Read How to Ask a Girl Out to give yourself every advantage.  Many are the tales of the gorgeous girl who never got asked out because everybody was so sure that she was either already busy or too beautiful for them, that they never asked. Be persistent. If a girl you’re really interested in doesn’t say yes the first time, try again later. This doesn’t mean being clingy or acting like a stalker; it means smiling, saying, “Alright—I’ll try again next week,” and going about your own business for a while. If you normally talk to her during the week, don't stop. Just don't pressure the date request. Give her some time to think about how cool and confident you were and the next time you ask, you might be surprised by how differently she responds. Okay, so you finally snagged the girl you were dreaming of. Now what do you do with her?  If you’re at the kissing stage, make sure you are ready—clean, fresh breath, all of that. If you’re at the relationship stage, make sure you know how to be a good boyfriend. If things get serious, make sure you know how to have a healthy relationship. Going through the trouble of making a girl crazy about you only to let her down when things get interesting is enough to make a girl plain crazy!
Question: What is a summary of what this article is about?
Ask her out. Live up to the expectations you’ve set.
Article: In a worst-case scenario, a blown tire could cause you to crash. Turn on the car and activate the directional signals, then apply the brakes and put the car in reverse so the person can see if lights are working correctly. Ask the person to stand in front of the vehicle, then turn on the headlights and activate the directional signals. Carjackers sometimes hide in the back seat, then surprise the driver once the car is started. Check mirrors to be sure they are aligned properly, giving you a proper view of the road. Check the gauges every time you start your car. Check the engine temperature gauge after the engine has had time to warm.
Question: What is a summary of what this article is about?
Check the tires for proper inflation and any obvious damage or signs of excessive wear. Ask someone to stand behind your car to check the lights. Check the back seat or seats to make sure no one is hiding there. Check your windows to make sure you have good visibility. Know how the gauges on your dashboard should look when everything is working properly. Check the vents, heating system and air conditioning to be sure they are in working order so you can defog or defrost the windows when necessary.