The state of Hawaii now prohibits homeowners from using “seller financing” without a licensed broker. According to a Hawaii real estate attorney, “The statute now requires any “seller financed” transaction to be handled by a licensed or registered broker, even in a family situation. I hear the registration process is too involved for most one-time …
Hawaii Now Prohibits Seller Installment Sales w/o A Broker Read More »
by Mark J. Perry http://www.aei.org/publication/sunday-afternoon-links-5/ Economic Fact of the Day. For every $100 in sales, the average discount retailer like Walmart and Target earns $3.10 in profits, while the average take for the states with state and local sales taxes is more than twice that amount — almost $7, based on the 6.94% average sales tax rate for …
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.” …
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 …
Supreme Court to consider if 2nd mortgages can be voided Read More »
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 …
Seller Mortgages Not Loans Says Congressional Research Service Read More »
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 …
https://papersourceonline.com/tele-seminars/
by Gordon Moss What is THE most unique and abundant opportunity in our real estate and note investment market today? I believe it is the non-performing note (or non-performing real estate note). Banks today are saddled with a tremendous glut of defaulted and under-performing real estate paper. Contrary to the belief of some, banks are …
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 …
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 …
Tax Liens Can Be Profitable, But You Need To Know This Read More »
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