How To Secure Your Investment Your investment is secured by a deed of trust recorded against the title of the borrower’s property (the Property). Unlike deposits in a bank or savings and loan, which are generally insured by a federal agency (such as FDIC) and may usually be withdrawn with limited notice, the promissory note: [...]
Property Inspections Property inspections are not required by mortgage lenders and it is up to the home buyer whether or not to do a home inspection on a home they are purchasing. Property inspections normally cost around $300 to $500, depending on the county and state. Home buyers can check prices on property inspections. Since [...]
What Are Investment Loans? By Kimberly Hoffman Investment loans provide a way to enjoy the potential for market appreciation while building equity each month. In addition, the monthly cash flow from a real estate investment can provide extra income, help pay down debt faster, and begin living life on your own terms. However, unless you have [...]
The 20 Hottest Market in September 2015 The season has officially changed to fall, and it looks like would-be home buyers can benefit from a wide selection of homes that are becoming more affordable, according to an early read of our exclusive September data here at realtor.com®. Even better news: This year’s markets looks substantially better than [...]
Can Presidential Candidates’ and Home Prices Predict Who’ll Win? By Kimberly Hoffman This year’s presidential hopefuls may all be dreaming of moving into the same digs—you know, the one at 1600 Pennsylvania Ave. in DC—but until that day happens for one lucky winner, plenty are wondering: What are their current homes like? And what correlation, if any, [...]
How to write an letter of explanation Mortgage underwriters require a letter of explanation from applicants that have derogatory marks on their credit report. Deed in lieu of foreclosure, collection accounts, late payments as well as other irregular items such as large purchases can affect your credit report. A letter of explanation to underwriters is [...]
Despite the Housing Recovery, Thousands of Homes Are Still Losing Value Years after the end of the recession, entire metro areas still find themselves left behind by the economic recovery. Nationwide, more than one-quarter of homes lost value over the last year. In some metro areas, the drop-off has been even more severe. Some housing [...]
A recently released study is comparing student loans from for-profit universities to the subprime mortgage loans that had a disastrous impact on the American economy. “A poor performing for-profit college looks and smells a lot like a subprime mortgage originator. They get all the profits but had no skin in the game when things went [...]
Indiana legislators made changes to get blighted properties out of local government tax sales — but not in time to affect Friday's annual sale of liens for tax-delinquent properties in Evansville. Marco DeLucio, an attorney who advises city government on blight-related issues, said Senate Enrolled Act 415, signed into law by Gov. Mike Pence in [...]
The Four Fundamentals of Successful Investing Indeed, many achieve success accidentally. But most investors who profit from investing do so by implementing a strategic technique of investment wizardry that’s certainly not accidental, but one that is earned by mastering the fundamentals of a successful investment plan. Know what investing means Knowledge is key! You must [...]
