The Secret Financing Behind Dodd-Frank

The newly-created Consumer Financial Protection Bureau (CFPB) writes and enforces the regulations of the Dodd-Frank Act. What virtually no one knows is that the CFPB is financed by the banking industry. And of course the banks want to outlaw “seller financing” and force everyone to get a conventional loan (from them).   See http://www.consumerfinance.gov/budget/ under “Funding Requests.” …

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Supreme Court to consider if 2nd mortgages can be voided

Investors in second mortgages need to be aware that the US Supreme Court will decide whether homeowners who declare bankruptcy can void a second mortgage if their home’s market value has dropped below the amount they owe on their first mortgage. For more:  http://news.yahoo.com/court-consider-second-mortgage-void-144311619.html Our Las Vegas conference “Profiting From Non-Performing Notes” begins this week!  If …

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Seller Mortgages Not Loans Says Congressional Research Service

            Given the Dodd-Frank Act’s ill-advised, uninformed and, frankly, insane assault upon seller mortgages as virtually “predatory lending,” members of Congress —who vote on bills they have never read (as a legislative director in the US Congress for years I can assure you that is true) — and cushy-jobs-for-life-can’t-be-fired-no-matter-what-they-do-or-refuse-to-do bureaucrats …

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Save Seller Notes — Sign The Petition And…

The note industry coalition Save Seller Financing (www.SaveSellerFinancing.org) is making great progress in educating government regulators to gain an exemption from the SAFE Act, Dodd-Frank Act, Loan Originator Compensation Rule and the Ability to Re-Pay Rule.  I hope to have an update soon, so watch for it here. They can’t do it alone. This requires …

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Non-Performing Teleseminar Posted

To get the free replay of last night’s teleseminar on non-performing 2nd lien notes with Sandor Lau of www.StewardshipCapital.com go to: http://www.secureinfossl.com/carts/shopping_cart/oneClickProductBuy/5506ee3ff57cb116438cb87d74a2d8ae/0 A few weeks ago I told you about our new event “Profits In Non-Performing Notes: Turning NPNs Into Cash Cows” Nov. 20-22 in Las Vegas — 2 1/2 days with the #1 experts in both 1st …

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Tax Liens Can Be Profitable, But You Need To Know This

This article appeared in THE PAPER SOURCE JOURNAL. See the above tab for more information. Will someone with experience in tax liens (tax lien certificates) investing please rate the risk, difficulty, and time involved in this endeavor? — Mark “I recommend investing in tax liens if you have at least $10K – $15K to get …

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Traits Of Successful Home Office Note Pros

Which ones do you need to work on? Good planner Self-motivated Strong communicator Task-oriented  Able to manage workload effectively Aware of personal work style preferences Able to work among family members Flexible Not just looking for an escape from the office Committed and responsible Able to ask for feedback A “doer” — not a procrastinator …

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