The ten states shown to have the most foreclosures for the second quarter of 2016 consisted of Massachusetts, Ohio, Connecticut, South Carolina, Illinois, Florida, Nevada, Maryland, New Jersey, and Delaware. Here is a break-down of what the foreclosure rates look like in these states for Q2 according to a report from Credit.com: http://www.dsnews.com/daily-dose/08-11-2016/top-10-states-foreclosures-q2
Sept. 1, 2016 — 90 days past due mortgages dropped 21.3% in the past 12 months. Foreclosure inventory at the end of June is at its lowest point since August 2007. Affordable housing availability is behind demand. This and more leads to sustained rental demand for SFRs, rising rents and increased equity for investors in …
Good News For Single Family Home & Note Investors Read More »
By Franklin Sanders, the-moneychanger.com Sometimes laymen who study the law go nearly crazy to learn how crookedly law in the United States has been skewed away from common law rights. Take land ownership. Not a single one of you owns any land, however many titles and deeds you have, because in the US there’s no …
Do You Think You Own Your Property? Think Again. Read More »
Fannie Mae and Freddie Mac have announced a redesign for the standardized form borrowers use to apply for a loan, the first substantial revision in more than two decades. The changes to the Uniform Residential Loan Application (URLA) include simplified terminology and new data fields capturing borrower information in an easier-to-read format, the GSEs said. …
A prohibited transaction can be described as an improper use of your IRA account assets by a disqualified person. The term prohibited transaction in this case applies to retirement plans such as a self-directed IRA, or 401(k). Here are some transactions that would be considered prohibited: a transfer of plan income or assets to, or …
Common Prohibited Transactions In Self-Directed IRAs Read More »
“Private capital is now absorbing large amounts of mortgage credit risk which was previously supported by the U.S. taxpayer.” — Donald Layton, Freddie Mac CEO Yesterday Freddie Mac announced that it will be concentrating on the single-family asset class for some $650 billion in future loan sales. READ MORE: http://www.dsnews.com/news/06-20-2016/freddie-mac-works-to-involve-private-investors-more
The US Court of Appeals for the Ninth Circuit has ruled that a mortgagee’s security interest cannot be extinguished by the foreclosure of a homeowner’s association “super lien.” In 2014 the Nevada Supreme Court ruled that a note “super priority lien” held by a homeowners association can extinguish a first deed of trust on a …
Mortgage Owners’ Rights Restored In HOA “Super Lien” Foreclosures Read More »
Jack Shea is a highly-respected authority on note investing, options, tax-free exchanges, trusts and self-directed IRAs. He taught at the 2016 Paper Source Note Symposium (the videos are available here: https://cashflowprofitseminars.com/order-cashflow-profits-2016-videos ) Jack operates a 1031 exchange business as well as conducts classes on the details of tax-free sales and purchases. He also has written a …
How to Option Notes and Personal Property (Video) Read More »
Many money scams are born from misplaced trust and greed — and it’s important you take the necessary precautions to safeguard your investment funds. Here are common examples of investment scams to watch out for. Kirk Chisholm, wealth manager at Innovative Advisory Group, said, “Many times fraudsters will relocate from time to time when they have outstayed their …
Before the financial crisis, many mortgage contracts contained a provision stating that borrowers who paid off their loan early had to pay a penalty. Penalties were usually expressed as a percent of the outstanding balance at time of prepayment or a specified number of months of interest. In most cases, the penalties declined with the …
Why Prepayment Penalties Can Be Good For Home Buyers Read More »
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