A couple in Tampa, Fla., is facing foreclosure even though they have never missed a mortgage payment or did any business with the bank that is trying to foreclose on them. READ MORE: http://realtormag.realtor.org/daily-news/2016/02/18/couple-s-home-for-sale-without-them-knowing?om_rid=AADDXn&om_mid=_BWxiLHB9K6hd8P&om_ntype=RMODaily
HUD announced today (6/30/16) that is making the most significant changes to date for its Distressed Asset Stabilization Program (DASP) that include requiring purchasers of the delinquent loans to offer principal reduction to qualified borrowers. Other changes include prohibiting investors from abandoning low-value properties and offering greater opportunities for non-profits and local governments to participate …
FHA Now Requires NPN/NPL Buyers To Reduce Principal Read More »
Author Kevin Kruse recently interviewed over 200 ultra-productive people including seven billionaires, 13 Olympians, 20 straight-A students and over 200 successful entrepreneurs. He asked a simple, open-ended question, “What is your number one secret to productivity?” After analyzing all of their responses, he coded their answers into 15 unique ideas. …
15 Surprising Things Productive People Do Differently Read More »
Many traditional mortgage lenders have retreated from the business since new rules and higher standards were imposed after the financial crisis. Even with real-estate prices rebounding in California and other high-demand U.S. markets, cautious banks lean toward wealthier, lower-risk borrowers. Private lenders and other upstarts are filling the vacuum. That means a small but growing …
“The CFPB is truly something new in Washington: a powerful independent regulatory agency run by a single federal official who cannot be removed from office at the will of the President. In its short, unhappy life, the Consumer Financial Protection Bureau has compiled a record of abuse rivaling that of Washington’s most entrenched bureaucracies. But …
Commercial real estate took it on the chin last time alongside residential real estate. Obviously with the economy contracting there is going to be some fallout with commercial real estate. Businesses need to make income so they can pay their leases. Business dries up and so does the rent payment. We are seeing the price …
One major problem with owning rental real estate is liability. People can sue you for any reason — or none at all. If you hold title to your real estate personally you could lose everything. That’s why many real estate investors create limited liability companies (LLCs) to hold title to each of their properties. At …
Holding Title To Real Estate Without A Bunch Of LLCs Read More »
by Don Konipol, MBA For investors considering investing in non-performing notes (NPNs), a.k.a. non-performing loans (NPLs), that are residential and owner-occupied, here is how a typical situation plays out. A bank, bank holding company or asset management and disposition company puts together a package of, say, 1,000 NPNs and asks for bids. The qualified bidders are the major hedge funds, private investment partnerships and private equity …
by Lorelei Stevens, President, Wall Street Brokers www.wallstreetbrokers.com To “estop” means simply to stop, or to prevent. In the case of notes, an estoppel is a signed statement by the payor certifying for the benefit of the note buyer that the payor’s statement of facts is correct as of the date of the statement, regarding …
Did you know that there are at least 12 things you can do with a note? Read on! Have you ever been to a foreclosure auction? Would you want to go just to learn more about how it works? Would you ever consider bidding at one? Here’s your chance to not only go but to get …
Foreclosure Auction + 12 Things You Can Do With A Note Read More »
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