Just the other day I received this email (exactly as written): I want to ask if there are way to sale – international promissory note. – Issued by US treasury. – Value $20Billion It was issued as compensation for lands in California. I have posted an image of the “note” below. It’s a scam, of course. …
Scam artists claim Treasury “international promissory notes” — no such thing Read More »
This was published in the November, 2019 issue of THE PAPER SOURCE JOURNAL. For information on subscribing, click on the tab above, “Paper Source Journal.” Why am I posting a roundup of note frauds committed this year (so far)? It’s because most people aren’t aware of how many there are and how serious is the problem. …
How To Protect Yourself Against Fraud: Crooks Of 2019 Read More »
A Queens, N.Y., landlord will pay $1 million for refusing to rent apartments to applicants who have been incarcerated. The Fortune Society sued the owners of Sand Castle, a 917-unit apartment complex, in 2014. They charged that the building had a policy of automatically refusing to rent an apartment to a person with a criminal …
Landlord Pays $1 Million for Refusing To Rent To Ex-Cons Read More »
As of Oct. 9, 2019, certain home sales of $400,000 and under no longer require an appraisal. Under previous rules that have been in place since 1994, appraisals were not required on all home sales of $250,000 and below, but last year, federal regulators proposed increasing the appraisal threshold for the first time in 25 …
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 »
Powered by WishList Member - Membership Software
