Ohio lawmakers passed legislation this week to quicken the pace at which abandoned foreclosures move through the pipeline. “Ohio has now put itself ahead of the national curve in fighting community blight,” Robert Klein, founder and chairman of Community Blight Solutions, told HousingWire. Klein says his Cleveland-based organization has worked for three years to get …
Home prices are rising way too fast compared to people’s income and wage growth. Indicators of another crash? READ MORE: http://www.cnbc.com/2016/06/23/new-warning-lights-for-rising-home-prices.html
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 …
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