A federal judge has ruled that the Consumer Financial Protection Bureau has the authority to investigate seller installment home sales (a.k.a. seller carry backs). Judge Nancy G. Edmunds of Federal District Court in Detroit has ruled that one of the nation’s largest providers of seller-financed homes must comply with a demand for documents and other …

Judge rules that CFPB can investigate seller installment home sales Read More »

Texas Republican Sen. Ted Cruz just introduced a two-page bill to abolish the Consumer Financial Protection Bureau, the darling of Sen. Elizabeth Warren and Bernie Sanders. The Repeal CFPB Act, which Cruz and four other Republican senators sponsored, would repeal the Consumer Protection Act of 2010, the part of the Dodd-Frank bill that created the CFPB and granted …

Sen. Ted Cruz Introduces Bill To Abolish CFPB Read More »

The Consumer Financial Protection Bureau (CFPB) and New York Attorney General Eric Schneiderman have sued RD Legal Funding, LLC and related entities (“RD Legal”) in the U.S. District Court for the Southern District of New York for violations of federal and New York consumer protection laws. RD Legal engages in settlement funding, where it advances …

CFPB and NY AG Sue Settlement Funding Company Read More »

More than 99 percent of the thousands of IRS employees investigated for violating federal tax laws in the last five years avoided termination and continued enforcing other Americans’ tax collections, according to an analysis by The Daily Caller News Foundation’s Investigative Group. The IRS fired only 74 of 9,176 workers investigated for tax noncompliance from …

It’s Nearly Impossible To Get Fired At The IRS For Tax Evasion Read More »

Text messages obtained via Freedom of Information Act (FOIA) request from the Consumer Financial Protection Bureau (CFPB) show director Richard Cordray’s communications with Clinton donor and lobbyist Eileen Mancera. The Daily Caller exclusively broke news of Richard Cordray’s likely illegal use of a private device for communications with other CFPB staffers last month, concealing his messages from FOIA …

CFBP Director’s Secret Emails With Clinton Lobbyist Read More »

by Grant Cardone https://www.linkedin.com/pulse/ever-withdraw-1000000-cash-from-your-bank-i-did-heres-grant-cardone? I went to the bank last summer and told them I needed a million dollars—cash. They asked for a reason, and I replied, “You didn’t ask me for a reason when I put it in, so why are you asking me about it when I want to take it out?” Think about …

Ever withdraw $1,000,000 in cash from your bank? I did. Here’s what happened. Read More »

Congress may severely curtail or even eliminate tax-deferred 1031 exchanges.  2017 may be the last year. “The small-scale owners of millions of rental homes, parcels of investment land and income-producing commercial and business real estate may not know it, but one of their key financial planning and tax tools is in danger of disappearing on …

Tax-Deferred 1031 Exchanges May Face Extinction Read More »

President Donald Trump on Friday plans to sign an executive action to scale back the 2010 Dodd-Frank financial-overhaul law, in a sweeping plan to dismantle much of the regulatory system put in place after the financial crisis. Trump also plans another executive action aimed at rolling back a controversial regulation scheduled to take effect in April that …

Trump Starts Dismantling Dodd-Frank Today! Read More »

Ever-increasing sales are eating up home supply, which is at its worst level recorded since the National Association of REALTORS® started tracking data. This is great news for real estate note investors, because as the market becomes more competitive for sellers, they will be creating purchase money mortgages (seller notes) in order to sell their …

Great News For Note Investors Read More »

Advertising and publishing veteran Janelle Regotti was looking for a business to buy. The right opportunity presented itself in 2014 when she found Guide Publishing, a company that distributed a quarterly resource guide for Northeast Ohio seniors. The only catch: Regotti didn’t have the $500,000 asking price. With few physical assets to borrow against, she …

Buying a Business Through Seller Financing Read More »