They Ll Work With A Mortgage Broker Who Will Show The Borrower How To Submit False Documents To The Mortgage Lender To Qualify For A Loan They Often Can T Afford

Category: Finance, Real Estate.

Is flipping houses legal or not? What they don t understand is that the part that s" illegal" isn t the transaction, it s the mortgage fraud that some people commit in order to get the deal funded.

At seminars, I m often confronted by people who insist" Flipping" is illegal. When you Option a house and sell it, the end buyer is responsible for their own financing, no" fudging" on your part, and no possibility of fraud. The haven t been misled, and you haven t helped anyone commit fraud. The Buyer agrees to pay a certain amount, and has a down payment and credit to match, and knows the deal. Here s what some people consider" flipping" : They ll buy a house, or even just contract it, and then turn around and sell it to an unsuspecting homebuyer or Investor, often from out of town or with no Real estate experience, and usually with no money down or for very little down. They ll work with a mortgage broker who will show the borrower how to submit false documents to the mortgage lender to qualify for a loan they often can t afford.

Next, they ll bribe an appraiser to give a fictitious appraisal, much higher than the true Comparable sales. Then last but not least, they ll forge the closing statements from the Title Company to show a down payment and/ or closing costs coming from the borrower, in order to get the bank to fund the deal. Bribing appraisers and falsifying loan documents and paperwork? Is this what you consider" Flipping" ? If so, then you re right, it is illegal. It s simple and easy, with no B.

But when you" Flip" a house by selling it for retail price to a retail buyer, who works with a legitimate appraisaer and Mortgage Broker and gets their own financing, with no" funny stuff, " there s nothing even slightly illegal or grey about it. THAT is illegal. Some people are just simply SOOO lazy that can t be bothered to buy houses at a discount- instead, they falsely jack up the price, bribe an appraiser to confirm it, and try to pass them off onto an investor or homebuyer who commits mortgage fraud to get them funded. Don t get me wrong, I don t have a whole lot of pity for the Buyers in those fraudulent transactions. Here s something else you should learn from this: These supposed" victims" (who all volunteer to commit mortgage fraud and know what they are doing, by the way) buy these properties at grossly inflated values based on appraisals someone else ordered for them. (I know, it s hard to imagine they were taken advantage of, huh? ) NEVER believe what someone tells you about a property without verifying it for yourself. They are the ones buying houses without enough common sense to even check the value first!

That means you have to do your Due Diligence- check every assumption- about the property BEFORE you buy it, not after. Done properly, house flipping is legal, and is a, moral and ethical great way to invest in real estate wiothout tenants, or risk, rehabs. While house flipping has gotten a bad reputation in the last few years due to a few bad apples, it is still a great way to get into Real Estate Investing if you know what to watch out for.

There Is A Long Chain Involved In Getting You Your House Sold

Category: Finance, Real Estate.

Sometimes, the circumstances may be such that you need to make a quick sale of your house. This house selling practice means trying to sell your house through a traditional real estate agent.

Selling your house fast is not really possible through traditional house selling. Those familiar with a house sale, would recount the number of months it takes to make a sale. There is a long chain involved in getting you your house sold. It is not easy, it is tedious. And the problem is that often such a chain may collapse due to dissatisfaction over pricing or disapproval about some feature in your house. The unpredictability factor can rob you of peace of mind, especially when you need cash in quick time, to save yourself great financial losses, or even loss of face, such as in situations as worse as the threat of house repossession. This always puts a shadow of doubt whether the sale process would be successful or not.

This is perhaps the biggest bane and a big risk associated with trying to make a house sale the traditional way. They ensure that you do not have anything to worry about. Enter the special firms with specialised professionals dealing in services such as a quick house sale. Cash comes into your hands at the time you want, as quickly as possible. The major credit is that these firms have cash available with them and thus they deal directly with you and buy your house, without involving third parties or long sale chain which are liable to break down. With a quick sale, carried out in as short a time as twenty hours if you so desire, one can well imagine the professionalism of these firms.

Also no intrusion upon your privacy and no for sale signboard in front of your house. What this effectively means is a guaranteed quick sale in a smooth systematic manner, with minimal paperwork.

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Investments In Off- Plan Cyprus Property Can Bring Huge Benefits But It Is Also Connected With Some Risks - Finance and Real Estate:

Investments in off- plan Cyprus property can bring huge benefits but it is also connected with some risks. So if you are ready to take some risks and to make a good investment, Cyprus is the perfect place for this.

Buying A Home Is One Of The Most Important Things You Can Do - Finance and Real Estate:

If you ve never purchased a home before, or need to brush up on the basics of buying a home, we can help.

Probate And Bankruptcy Properties - Finance and Real Estate:

Most first time buyers are looking for that Holy Grail property: a home that is affordable, can be fixed up, and sold for a profit in a few years when they ve outgrown it.

So, Why Aren T More Agents Doing It

Category: Finance, Real Estate.

Want to sell a listing that s been difficult to sell?

You may be pleasantly surprised by how affordable it is and how easy it is to do. Market it via a virtual tour. The idea is simple. Then have agents and prospects log onto their computers and click on links that bring up your tours. Upload pictures of your listings to a host website and sequence the pictures in the order that you want them to appear. In some instances the viewers will be able to manipulate the tour much like they would a dvd player.

Of course every company is different, but are easily found by Googling" video tours. " One site I visited had four demos that were stunningly beautiful that cost an almost an embarassingly low$ 0 Below are a few other strategies that have changed the way agents market real estate. They can freeze frame, fast forward and, rewind stop the virtual tours- all from the comfort of their offices, or wherever they, homes can access a computer hooked up to the internet. Stepping Outside the Box. Following are a few thoughts about each. Internet marketing has morphed into content based raltor websites, newsletters and the, sequential autoresponders like. Realtor Websites.

Millions of people log onto the Internet every day, looking for services. If you re not online with a website you re seriously behind the times. Some are looking for products and services that you offer- real estate. So, let me help you out. Of course, they won t find you if you don t have a website and if you do have one they may not find you if it s poorly optimized. Snap out of.

Sequential Autoresponders. Either get a website that generates leads, or forget about having one at all. Autoresponders are powerful email marketing programs that automate a lot of your email chores. The idea behind them is to offer free information in exchange for a person s email address. They do what the name suggests- which is automatically repsond to requests for information. Once you have it you can then provide follow up messages forever, all the while gently nudging them towards your most wanted response.

Whatever it is sequential autoresponders can t be beat for efficiency and effectiveness. In some instances the most wanted response might be for them to call you to make an appointment to see a home, while other times it might be to list a property with you. Newsletters. One would amount to$ 2000 in postage. Some agents are still snail mailing newsletters and at 41 cents a pop their mailing expenses a. Now, compare that to zero cost in postage if they were to email the same document.

So, why aren t more agents doing it? That s right- emailing the same information is free. In part it s because they don t understand the technology, which really isn t all that hard to understand. Buy be warned- agents who have embraced the technology are carving out a large piece of the online marketing action at the expense of agents content with trying to maintain the status quo. Plus, like most people they are slow to embrace change.

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A Lis Pendens Is Not A Notice Of Default - Finance and Real Estate:

The first step in locating a home foreclosure is to find them, a little research and patience, but the rewards are can be well worth the time. A" Notice of Default" , of NOD, commonly used in non- judicial states and the Lis Pendens normally used in judicial states.

Have You Tried Selling Your Home To A Business - Christine Mccrae about Finance and Real Estate:

Like lawyers, real estate agents and realty companies have had many jokes made and told about them due to the shady reputation many of their number have earned for the industry.

So Will Another Interest Rate Cut Be Enough To Bring Back The Mortally Wounded Housing Market Back From The Brink Of Death - Tabatha Heise about Finance and Real Estate:

As the sub prime mortgage debacle continues to play out across the United States, the Federal Reserve has opted to cut interest rates by half a percentage point, from 2This cut makes all loans relatively cheaper, thereby encouraging a pantheon of economic activity to increase, hopefully in the troubled housing market. This collapse triggered a recession, which took three years to completely stabilize.

The Banks Used The Due- On- Sale As A Way To Kill Their Own Worst Competition

Category: Finance, Real Estate.

The" due- on- sale" clause is probably the most talked about, feared and misunderstood topic in real estate.

Before we discuss how to get around the due- on- sale, we must understand what it is and where it came from. This article will dispel any misunderstandings you may have about the due- on- sale and suggest a simple, yet effective strategy to get around it. The due- on- sale( a. k. a" acceleration clause" ) is a provision in a mortgage document which gives the lender the right to demand payment of the remaining balance of the loan when the property is sold. This means that if title to the property is transferred, the bank may( or may not) , at its option, decide to" call the loan due. " An" assumable" loan is one which is secured by a mortgage which contains no due- on- sale provision. It is a contractual right, not a law. FHA- insured mortgages originated before 12/ 89 and VA- guaranteed loans originated before 2/ 88 contain no due- on- sale provisions.

Home buyers were assuming existing loans rather than borrowing new money from banks because the interest rates on existing loans were lower. Nearly all loans originated today contain a" standard" due- on- sale clause which usually reads something like: "If all or any part of the property herein is transferred without the lender s prior written consent, the lender may require all sums secured hereby immediately due and payable. " Banks began inserting due- on- sale clauses in their mortgages in the 1970s when interest rates rose dramatically. The banks used the due- on- sale as a way to kill their own worst competition. This argument holds little water, since most banks haven t been enforcing due- on- sale violations since the early 80 s when interest rates were high. They argued that the reason for the restriction was to be able to police who was living in the property and the collateral for their loan. In fact, Black s Law Dictionary defines the due- on- sale clause as a device for" preventing subsequent purchasers from assuming loans with lower than market interest rates. " This idea was also confirmed by the Court in Community Title Company v. W. 2d 895( Mo.

Roosevelt Savings& Loan 670 S. App. 1984) : "The due- on- sale clause was a way of eliminating these low yielding loans as soon as the property was sold, so that it could re- loan the money at current higher rates or negotiate a higher rate in the event the purchaser assumed the existing loan. " The homeowners fought the banks in court claiming that the enforcement of the due- on- sale was" unfair trade practice" and an" unreasonable restraint on the alienation of property. " In state courts, many homeowners were winning the argument. Bank of America, 21 Cal 3d 943( 1978) . See, e. g. , Wellenkamp v. The banks ultimately won in a United States Supreme Court case, Fidelity Federal Savings and Loan Association v. de la Cuesta, 102 S. Congress thereafter passed the" Garn- St. Ct. 3014, (1982) .

Germain Federal Depositary Institutions Act" (12 U. C. 1701- j) , which codified the enforceability of the due- on- sale clause, despite state statute or case law to the contrary. Many people are under the mistaken impression that transferring title to a property secured by a" due- on- sale" mortgage is illegal. To be" illegal, " you must be in violation of a criminal law, code or statute. This is because most lay people confuse civil liability with criminal liability. There is no federal or state law which makes it a crime to violate a due- on- sale clause.

If it cannot be paid, the lender has the option of commencing foreclosure proceedings. If the lender discovers the transfer, it may at its option, call the loan due and payable. So the real question is: are you willing to take a property subject to a mortgage containing a due- on- sale clause with the risk of getting caught?

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Only Those Who Have Lived Away From Home Actually Understand The Need To Belong - Elvia Matt about Finance and Real Estate:

Only those who have lived away from home actually understand the need to belong. However, as soon as we are uprooted, we realize the value of" Home Sweet Home" .

Before You Can Progress Towards Closing On Your Home, There Are Some Preliminary Steps - Finance and Real Estate:

Home buyers, whether first or fifth time buyers, sometimes find themselves with a mortgage they can t handle.

One Of The Most Exciting Steps That You Can Take In Life Is Making The Purchase Of A New Home - Finance and Real Estate Articles:

One of the most exciting steps that you can take in life is making the purchase of a new home.

The First And Most Important Attribute Of Real Estate Is Location

Category: Finance, Real Estate.

If you have chosen to place you earnings into real estate, you will make a very smart decision to operate your investments with us.

Our offers include some of the best condo investment Florida. You will easily convince yourself that we are the most trustworthy partner that you can find. Here are some reasons why you should invest in one of our condo cash back incentives Florida- based. The first and most important attribute of real estate is location. If you choose to place your money into real estate, you need to know several things about the items in which you may invest. If you purchase real estate in a beautiful geographical area and a popular tourist place, you will surely make a considerable profit out of reselling, but far better renting the place.

Condominium investment has taken a huge leap on the real estate market especially in the popular settings and cities. There are several reasons why you should choose to invest in condominiums. They have become the most modern way of life in these areas. We struggle to find the best locations and offer you the possibility to browse from the comfort of your home through some of the best condo cash back incentives Florida. This is because at a smaller starting price, you share responsibilities with other people, and you can, your neighbors afford facilities like swimming pool and exercise room by sharing the expenses. If you do not have the experience to evaluate a real estate item, it is much better to leave this assignment to the experts.

We have the ability to make such attractive offers because of our large investment capital that gives us that possibility to buy in bulk and benefit from discounted items. Apart from the location, the intrinsic value of the real estate and its actual status are very important. In addition, as you should do, we contract renters for each condo investment Florida we make from the purchasing point. Renting the condominium you have just invested in will bring you a considerable amount of money. The same strategy we recommend for you. We guarantee that condo investment Florida will bring you a considerable amount of profit for a long time interval. You can make sure we select only the Florida condos with the best calculated future value.

Let alone the popular location of the condominium, we take every aspect that might influence the actual and future value of the real estate in which we choose to invest. While most other investors, usually young and inexperienced, go about buying real estate in an emotional manner, we practice a different approach, a more reasonable one. We sit back and calculate the actual and future value of each item and that is why we can offer condo cash back incentives Florida. Greedy or fearful investors will never get their hands on the best real estate investment deals. Condo investment Florida is one of the most fortunate choices you can make in the real estate investment business. You will be surprised that in a short period you will gather enough profit to make another investment, in another Florida condo where you and your family can live.

If you can afford it, do not hesitate do purchase one of the Florida condominiums we offer. If you are interested in our condo cash back incentives Florida, to make a good fortune or to live in it, we recommend you contact us as soon as you can. Our offers are some of the greatest condo investment Florida deals you can find. We will prove to be the most trustworthy partner you can have in your real estate investing experience.

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Don T Think That Such Investors Will Only Buy Homes That Would Merit A Feature In Architectural Digest Though - Doris Bermudes about Finance and Real Estate:

If you meet an investor who tells you that" we buy houses for quick cash in many markets" most likely you will respond with" you mean even houses in my neighborhood? " This means many people are not aware which neighborhoods, communities or markets can make an investor live up to his claim of" we buy houses for quick cash in many markets. " So just where will investors buy houses for quick cash anyway? Communities that such investors operate in are: The Colony, Rowlett, Sachse, Richardson, Desoto, Coppell, Balch Springs, Farmersville, Cedar Hill, Euless, Wylie, Duncanville, Princeton, Plano, Prosper, North Dallas, Mesquite, Murphy, McKinney, Lewisville, Little Elm, Garland, Flower Mound, Frisco, Farmers Branch, Carrollton, Dallas, Aubrey, Allen, Azle, and Addison.

The Flamingo South Beach Sits On Miami S Beautiful Bay - Finance and Real Estate Blog:

Gone are the days when South Florida is considered the home of retirees. The Flamingo Condominium sits in the heart of South Miami Beach and it embodies this lifestyle that South Beach has become so famous for.

There Couldn T Be A More Perfect South Austin Afternoon - Finance and Real Estate Blog:

One of Austin s most exciting and lively strips is South Congress Avenue, which hosts dozens of interesting restaurants, and shops, bars. This restaurant, which sells" New York style pizza, " is as close to authentic as you can get in Austin. (Individual slices are served on paper plates and the menu even includes directions on how to fold your slice like a real New Yorker. ) You can go in and sit down to eat, or you can purchase individual slices at the window after 9: 30 p. m. until late into the night.

So, What Is My Home Worth

Category: Finance, Real Estate.

So, what is my home worth?

You might have even gone across the street( or a block over) and looked at what homes are selling for in your area. That s the most common first question that you might have asked yourself when you decided to sell. This may have given you a good ballpark figure, but should never have the final say on what you base your decision on. What you may not have considered is that the Agents who priced those homes may have priced them where they are just so they could appease the homeowner. The problem with basing your price figure( for your home) on values you find for homes in and around your area( that are for sale) is that you are putting your trust solely on the fact that the Agents that priced the homes you looked at, know what they are doing. They may expect to come back to the homeowner 2 or 3 times asking to lower the price and they don t mind waiting. It s not their house for sale!

Why should they? Not All Listing Prices are Equal. So, is a high price more important to you than selling your home quickly( or even a reasonable amount of time) ? The problem with the price- high- maybe- we ll- get- lucky price scheme is that the amount of time to sell the home can be several times longer than a home that was priced right in the first place. Not All Agent Valuations are Equal. Many homeowners base their assumptions of their homes value solely on factors that have no real merit.

To some extent, just by doing a little research on what homes are selling for in your area puts you ahead of half of the homeowners in any particular market. Things like: Tax Assessed Value, "what I heard Sally got for her home down the street" , "what Uncle Joe got for his home across town" , and many others. What most Real Estate Agents& Brokers do, which is similar to the process of looking at homes in your area, is that they do a Comparable Market Analysis( some call it a competitive market analysis) . None of which really have a solid foundation. What they have access to( that you do not) is the entire database of homes in your area that are for sale and listed in the Multiple Listing Service( MLS) . You can bank on the fact that every active and licensed Agent in your home market has direct or indirect access to this database.

They have to pay subscription fees( often very high rates) in order to have access to that information. With this information they can establish a good range of value for your home. Understanding the information that they have access to gives you insight into how they might calculate or estimate a fairly good Fair Market Value for your home. They ll look at homes that are for sale, homes that are pending, homes that have sold, and homes that have not sold. What you have to understand though is this, even though they all have access to the same information, not all Agents are created equal when it comes to interpreting that information. It is absolutely imperative that you price your home at Fair Market Value from the beginning of the listing.

Fair Market Value is the Key to Success. This will ensure that you will sell your home for the highest price in the shortest amount of time. Additionally, the first offer you receive on your home is usually your best offer. Often 80% of the effectiveness of marketing a home is linked to where you price your home from the start. The amount of time it takes for you to receive that first offer will vary greatly depending on how close your price is to Fair Market Value. What your neighbor says his home is worth.

Fair Market Value is not: What another Agent says a home in your area is worth. What you think you need to make from the sale of your home. What you paid for the property last year. What you want to put in the bank from selling. Buyers and Sellers Determine Value. . .Together! That s the true Fair Market Value of your home.

The value of your property is determined by what a Buyer is willing to pay and you( the Seller) are willing to sell for in today s market. The buyers of today have all the information that you have. They will evaluate your home against the other s comparing the cost verses the value. They will base their offer by comparing your property to other sold properties in your area.

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Lenders Borrow Money From Its Savings Account Holders And The Federal Reserve - Finance and Real Estate:

The question of whether lenders mistreat foreclosure victims has two sides and both are based on historical fact.

Interview Local Home Builders - Finance and Real Estate:

Do you know how to successfully navigate the current Florida real estate market?

This Has Been Said To Lead To Britons Being Forced To Accept That They Are Probably Unable To Afford The Type Of Property They Would Like Or In The Area They Would Wish To Live In - Susanne Bracamonte's Finance and Real Estate blog:

Prospective first- time buyers in London are struggling even more to get into the housing market, an industry expert has claimed. Consequently, Ms John reported that due to the increased amount of time it takes to put money away to meet property deposits and secured loan costs, combined with recent interest rate rises by the Bank of England, "houses are even less affordable for first- time buyers so they are being kicked out of the market altogether" .

So, Making An Investment In The National Capital Region Is A Deal Worth To Be Clinched

Category: Finance, Real Estate.

Gurgaon, the national capital region of India, being of sought- after importance is now the most demanding place for residents and corporates alike. But when it comes to investments in India, industry experts believe that investing in real estate of the national capital region can prove beneficial in the long run.

Over the years it has been the addresses of the low- profile people and industries. Delhi, the national capital of India, is ranked as the second largest market in the country with regard to size and socio- economic profile and with an affluent population comprising a cosmopolitan mix from across the country, the prediction is made that the capital value is in the line to increase. In the residential sector, a major chunk of the leading real estate consultants assume that the national capital region will continue to generate demand and that investment in these areas and adjoining them will fetch returns of 8- 10 per cent annually for the coming three years. A number of real estate consultants believe that Delhi and its surrounding neighborhoods will make solid their recent gains in property prices and appreciate further in the coming two years. Lately, the national capital region is experiencing demand for residential flats and corporate offices. So, making an investment in the national capital region is a deal worth to be clinched.

Adding to the continuous demand for properties in the national capital region, the land prices and residential properties have increased manifold and are still on increasing trend. When it comes to the retail sector in the real estate segment, Noida is already a hotspot for retailers and has been one of the leading cities in retail activity in the country. Almost all Indian retail giants are making their presence in the national capital region looking at expansion plans. And this continued trend provides an ideal market for high- end retailers and causes the presence of all the premium brands in the city. Primarily, retail expansion plan in the national capital region( NCR) is being developed in the new malls, located in the preferred retail destinations of Noida and Gurgaon.