Hard money loans are a specific type of asset-based loans. In this type of loan, a borrower receives funds that are secured by the value of a parcel of real estate. These loans are paid back with a higher interest rate than conventional commercial or residential property loans. This type of loan is rarely, if [...]
The recent defeat of the “bailout” plan by the House of Representatives is shortsighted, and may prove harmful. Responding to feedback from their constituents, House Republicans defeated a proposal that would allow the transfer of tainted mortgages from financial institutions to a governmental agency that would administer these troubled mortgage loans.
Concerned citizens listed a number [...]
Can I get a side of fraud with my loan documents?
It turns out that consumer credit reports alone are not the best indicator for a successful mortgage loan. What happened to underwriting? Did financial institutions failed to verify income and the ability to pay before they approved home loans?
It seems nobody was worried about verifying [...]
Lien properties tax, or just tax liens properties scrambled around (funny?), are properties owned by people who have a tax lien certificate on the house. How does this relate to you and the potential profit? The properties are close to being 100% owned by the bank. When it does happen, you just gotta hunt down [...]
Anyone facing foreclosure knows that in most cases that they have been snookered. Funny how mortgage contracts will adjust for increasing payments, but none adjust down if the economy goes bad.
Now the government is going to give Wall Street a 700 Billion dollar bailout plan. Now this plan is suppose to help the homeowner. It [...]
Anyone facing foreclosure knows that in most cases that they have been snookered. Funny how mortgage contracts will adjust for increasing payments, but none adjust down if the economy goes bad.
Now the government is going to give Wall Street a 700 Billion dollar bailout plan. Now this plan is suppose to help the homeowner. It [...]
A Forensic Loan Audit is a comprehensive loan fraud/predatory lending investigation report which will identify infractions and violations committed by your lender and/or broker when they originally funded your loan. Obtaining an audit should be the first step on your quest to successfully modify your home loan. If you are behind on your mortgage payments, [...]
With all of the finger-pointing and outcries about corrupt lenders and greedy mortgage brokers and real estate agents, every homeowner facing foreclosure may feel victimized. And certainly, there was a lot of deception and outright fraud in the mortgage markets during the boom years. But there are a few important signs to watch out for [...]
23 Oct
Posted by admin as Real Estate
When homeowners receive a bank’s foreclosure complaint in the mail, they are usually given from fourteen days to a month to file an answer with the court. While the circumstances of the situation should determine how exactly the owners will respond to the lawsuit, there are a number of different options they may consider when [...]
You may not be a Major League Baseball fan or care about the ups and downs of former players. But Jose Canseco’s announcement that he will walk away from a $2.5 million home in suburban Encino may mean more to you than you know.
Canseco made millions in his prime. To most middle- and low-income Americans [...]
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