by Dan Harkey There are different methods of establishing real estate opinion of value: a real estate sales agent may assist the seller to establish a listing price based on a comparative market analysis (CMA) and should be established from objective data, which may include closed sales, pending sales and available listings. The Realtor must …
Should a Lender Rely on an Appraisal Ordered by a Borrower? Read More »
A discerning eye saved a group of Philadelphia real estate investors from a near tragedy when touring a property. One more step down a booby-trapped stairway inside the home could have left a member of their team critically injured. Ekrem Uysaler told the media that he and his investor team were looking at a property …
If they are behind on their car payments, they are probably or soon will be behind on their house payments: “A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported Tuesday, even more than during the wake of the financial crisis. …
The Federal Trade Commission said Friday it has filed a lawsuit against 10 New York and North Carolina companies and six individuals for allegedly defrauding consumers out of millions of dollars by collecting money they didn’t owe. The agency asked a federal court in North Carolina to temporarily freeze the assets of the Global Asset Financial …
Landlord shot three times in the back by his own tenant According to charges, Manuel Velasquez) gunned down 40-year-old real estate agent and landlord David Stokoe in cold blood as the agent attempted to collect rent on one of his properties. Police allege Velasquez shot Stokoe multiple times in the back and then stuffed his lifeless body into a hidden …
Lenders wrote $34 billion worth of unconventional mortgages in the first three quarters of last year – up 24 percent from the corresponding months of 2017, reports Inside Mortgage Finance. The loans – which may be outsized relative to a borrower’s income, structured as interest-only, or last longer than 30 years – don’t qualify for …
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A Florida federal judge on Monday Jan 28 ordered Woodbridge Group of Companies LLC and its former owner to pay more than $1 billion to resolve the U.S. Securities and Exchange Commission’s claims that Woodbridge operated as a Ponzi scheme involving a complex web of allegedly phony real estate and note investments and unregistered Florida-based …
ANOTHER Note Fund Shut Down, Fined $1 BILLION By SEC Read More »
Would you buy real estate hundreds of miles away from home? Most people would say, “No way!” Would you buy a real estate note hundreds of miles away from home? Before you say, “No way!” think about this: call the note a “stock” and you wouldn’t care where the real estate is — even if …
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