(Contributed by DeWitt Ingram, who comments, “This can easily be spun into private note lending through your church, neighborhood association, alumni organizations, etc. – even if the new borrowers are not your kids!”) Parents are increasingly helping their adult children buy their first home. In fact, a new study suggests that if families were considered …
‘Bank of Mom and Dad’ could rank as mortgage lender Read More »
The New York Federal Reserve Consumer Credit Panel reports that debt among 19- to 29-year-old Americans topped $1 trillion at the end of 2018, the highest debt exposure for young adults since late 2007. Student loans make up the majority of the debt, followed by mortgage debt. Spending among those under age 35, however, has …
19- to 29-year-olds are facing $1 trillion in debt Read More »
by Think Realty Radio In real estate, notes are used in lieu of using a bank. You buy a piece of property using owner-financing, making the seller play the role a bank normally would. When done correctly, cutting out the middleman and purchasing real estate with notes can increase efficiency and facilitate money-saving win-win situations …
Rich people in blue states have been claiming residency in low tax states for years. Some actually moved, while some just pretended to—and that’s where state tax auditors come in. Officials in places such as California and New York don’t make it easy for the rich to say goodbye, with investigators who dig deep, forcing …
High-Tax States Make It Hard for the Rich to Leave Read More »
Here’s a new proposition from a company that markets single-family rental homes to mom-and-pop investors: Want to buy a tenth of a house? Roofstock is pitching a chance for those interested in the asset class to start small. The company will buy a home and put it in a trust, then sell stakes for as little …
The following are the top 20 counties with the most foreclosure starts, as of January 2019: Cook, Illinois Harris, Texas Maricopa, Ariz. Los Angeles, Calif. Suffolk, N.Y. Broward, Fla. Miami-Dade, Fla. Baltimore City, Md. Prince George’s County, Md. Philadelphia, Pa. Riverside, Calif. Clark, Nev. Cuyahoga, Ohio San Bernardino, Calif. Palm Beach, Fla. Duval, Fla. San …
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 …
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