by Fraser Sherman A promissory note is a contract, a binding agreement that someone will pay your business a sum of money. However under some circumstances – if the note has been altered, it wasn’t correctly written, or if you don’t have the right to claim the debt – then, the contract becomes null and …
Gap closings are those transactions where, after documents and funds are delivered, there remains an interval of time before recording of documents. As with traditional closings, a title policy is issued insuring title typically from the date of the most recent title commitment. The title insurance company insures the “gap” in time between the closing …
What Is A Gap Closing, And Why Should You Consider It? Read More »
Once known as a giant in the single-family rental space, Blackstone is getting out of that market. The investment firm has sold its last stake in Invitation Homes Inc., the company it created during the housing crisis to snatch up tens of thousands of foreclosed properties and turn them into rentals. Blackstone has been decreasing …
More home appreciation is likely to come in the new year. In a new report released by CoreLogic, economists predict home prices will spike by 5.4% from October 2019 to October 2020. That is even higher than the 3.5% annual appreciation in national home prices posted this October, the real estate data firm notes. …
by Dan Harkey The presumption by some lenders may be that the increased property value after repairs, upgrades and rehabilitation will serve as the protective equity. But, as many lenders are discovering, they unintendedly assume major financial risk rather than the owner/borrower. Speculative real estate purchases require the allocation of risk-capital into high-risk, high-reward projects, usually …
Why Would A Real Estate Lender Consider Loaning To Someone With Nothing To Risk? Read More »
Of the 50 states reviewed by the American Legislative Exchange Council-Laffer Economic Outlook, here are the five states with the best economic outlook. The ranking bases its forecast on the “state’s current standing in 15 state policy variables,” which includes things like the state’s Gross Domestic Product and Non-Farm Payroll Employment, which the report says …
Top 5 states with the best — AND WORST — economic outlooks Read More »
In October 2019, foreclosure filings climbed upward, increasing 13 percent from the previous month, according to ATTOM Data Solutions’ newly released October 2019 U.S. Foreclosure Activity Report. The report featured the rise of foreclosure completions (or REOs) in October, which reached the highest point in 2019. Lenders repossessed 13,484 U.S. properties through REOs in October, up …
A Maryland man who pleaded guilty to operating a debt buying Ponzi scheme that took $396 million from investors has been sentenced to 22 years in prison and must make full restitution to all of his victims. Kevin Merrill agreed in May to plead guilty to charges of wire fraud and conspiracy to commit wire fraud, …
Fraudulent Consumer Debt Fund Ringleader Gets 22 Years In Prison Read More »
The Federal Trade Commission is going after companies that tout get-rich flipping schemes intended to get attendees to pay thousands of dollars for special real estate training packages. FTC and the Utah Division of Consumer Protection sued Nudge LLC and affiliated companies over its real estate seminars. The seminars tout “amazing profits” for attendees to …
Realtor.com® identified the hottest housing markets for investors by pinpointing those where the highest percentage of homes were either flipped or rented out after the sale. The most profitable flip markets tend to be in the Midwest and South, which have a greater selection of older, lower-priced homes as well as strong economies and population …
Powered by WishList Member - Membership Software
