U.S. existing home sales have declined on an annual basis for eight straight months, the longest slump in more than four years, according to the National Association of Realtors report Wednesday. The slowdown has been driven by places that had earlier seen some of the strongest price growth during this recovery, including Seattle, Denver, New …
The Wall Street Journal recently ran a FRONT PAGE article on non-performing notes featuring Sándor Lau, a frequent speaker at THE PAPER SOURCE NOTE SYMPOSIUM. You can watch his videos and many others at https://papersourceseminars.com/video-library/ Here is the WSJ article: http://www.msn.com/en-us/money/realestate/a-decade-after-the-housing-crisis-small-investors-try-to-bring-busted-mortgages-back-to-life/ ““The Paper Source opened up my world to note investing. I was in a difficult …
Non-Performing Notes Featured In Wall Street Journal Read More »
Abhi Golhar of Think Realty Radio just interviewed me about real estate notes. In the podcast I discuss how notes are perfect for people who don’t want to deal with tenants and landlording but still seek the passive income real estate has to offer. If you own a note, you are the bank! Abhi and I …
Govt. would control who gets to live where, how much rent landlords can charge, and much more. https://www.foxnews.com/politics/nycs-de-blasio-would-love-to-see-city-control-rents-and-housing-development
Thousands line up for zero-down-payment, subprime mortgages So far more than 10,000 potential borrowers have shown up to get these mortgages at various events in cities like Charlotte, North Carolina, and Atlanta,and more are planned. Borrowers can have low credit scores, but have to go through an education session about the program and submit all …
There was a significant decrease in foreclosures at the end of the third quarter of 2018, according to ATTOM Data Solutions‘ latest Foreclosure Market Report. Notably, only 177,146 U.S. properties were listed as foreclosure filings, default notices, scheduled auctions or bank repossessions. This is the lowest level since the fourth quarter of 2005, marking a nearly 13-year low. The …
Foreclosure activity falls to lowest level since 2005 Read More »
New Supreme Court Justice Brett Kavanaugh has ruled that the Consumer Financial Protection Bureau in its current form is unconstitutional. In 2016, PHH, a mortgage lender, challenged CFPB Director Richard Cordray’s $103 million increase to a $6 million fine initially levied against PHH for allegedly illegally referring consumers to mortgage insurers in exchange for kickbacks. To combat this …
Income fraud: An applicant misrepresents the existence, continuance, source, or amount of their income. Occupancy fraud: An applicant deliberately misstates the intended use of a property as a primary or secondary residence or an investment. Transaction fraud: The applicant misrepresents the nature of the transaction, such as an undisclosed agreement between parties, falsified down payments, non-arm’s-length sale, or …
An improving economy and spiking mortgage rates are hindering people’s ability to afford a house. Data from the third quarter of 2018 showed home prices hitting their lowest level of affordability since 2008, according to Attom Data Solutions’ Home Affordability Report. More than three-quarters of the 440 counties analyzed in the report posted an affordability index below …
12 cities where housing bubble fears are growing Read More »
In the run-up to the 2008 financial crisis, millions of amateur investors kept adding fuel to the overheating U.S. housing market by betting on quick profits in hotspots like Las Vegas or Miami. A decade later, house-flipping is making a comeback, but this time in some Rust Belt cities the last boom passed by. Not …
Powered by WishList Member - Membership Software
