Real Estate and Real Estate Investing Articles on Promissory Notes, Short Sales, Pre Foreclosures and other Cash Flow Investments
March 15, 2010
Home Path Mortgage
Fannie Mae's Home Path Mortgage is a home buying program offering multiple incentives to purchase bank owned homes. Money saving incentives include being able to purchase Fannie Mae homes with minimal down payment requirements and flexible mortgage terms which allow borrowers to pay additional monies toward their mortgage note without incurring penalties.
Buyers of Home Path Mortgage properties can select from most types of residential real estate including single family homes, townhomes and condominiums. Properties offered through HomePath are owned by Fannie Mae and consist of bank foreclosure and repossessed homes.
Real Estate Investing article on "Home Path Mortgage"
March 11, 2010
Loan Modification
Borrowers in need of a loan modification must work with their lender's loss mitigation department. In order to be successful, homeowner's should take time to become educated about the process involved and be prepared to provide financial records.
In order to obtain a loan modification, borrowers must meet certain criteria. Obviously, lenders want to make certain borrowers can afford modified loan payments. Therefore, borrowers should be prepared to provide bank statements, payroll records, detailed list of income and expenses and previous years' tax records.
Real Estate Investing article on "Loan Modification"
March 08, 2010
Making Home Affordable
Last year, President Obama unveiled Making Home Affordable to help borrowers struggling to make their monthly mortgage payments and those facing foreclosure. The primary goal of this program is to offer loan modifications and mortgage refinance to borrowers whose mortgage notes are secured by Fannie Mae and Freddie Mac.
The Making Home Affordable refinancing plan expires on June 10, 2010, while the loan modification program expires December 31, 2012. Two additional programs are currently in the works. The 2nd lien modification program is scheduled to be implemented in the first quarter of 2010. The foreclosure alternatives program is expected to debut in April 2010.
Real Estate Investing article on "Making Home Affordable"
March 05, 2010
Cash Notes for Sale
Cash notes for sale are a type of investment product consisting of legal contacts for land, property, business assets and financial notes. Cash notes are secured by real property or legal tender that can later be sold for profit.
A variety of cash notes for sale exit. The most common include: real estate notes and land contracts, seller carry back trust deeds, structured settlements and annuities. Investing in cash flow notes can be profitable for investors that engage in due diligence and understand the process involved.
Real Estate Investing article on "Cash Notes for Sale"
March 01, 2010
How to Buy a House
If you are looking for how to buy a house information, you have come to the right place! As a real estate investor, I speak with people nearly every day who are overwhelmed and confused with house buying options. Many of the people I talk to are first time home buyers who are concerned about the real estate market and uncertain if now is a good time to invest.
The first step of how to buy a house requires buyers to determine how much they can afford. This can be accomplished by talking to a realtor or mortgage specialist who can pull your credit history to determine if you qualify for financing. In order to buy a house today, borrowers must possess a high FICO score and solid employment history. However, various types of financing are available to individuals with less-than-perfect credit.
Real Estate Investing article on "How to Buy a House"
February 25, 2010
Personal Finance
Taking control of personal finance is the best gift you can give yourself and your family. When credit card spending spirals out of control or outstanding debts rule your life, it is time for serious financial change. Unfortunately, many people do not have a clue where to start. Oftentimes, individuals turn to filing personal bankruptcy in hope of being released from financial bondage.
Regardless of how bad personal finance problems are, there is always a way to fix them. In order to regain control of cash flow, it is imperative to take a hard look at where your money is being spent. This can be accomplished by creating a household budget.
Real Estate Investing article on "Personal Finance"
February 22, 2010
Real Estate Short Sale
A real estate short sale is a type of agreement sometimes offered by mortgage lenders to borrowers who have fallen behind on home loan payments. In order to obtain short sale approval certain eligibility requirements must be met. While short selling offers financial relief to borrowers, it might not be the best strategy.
The real estate short sale process can take between three to six months to complete. The first step involves contacting the bank loss mitigation department. In addition to handling short sale real estate, loss mitigators also work with borrowers to obtain loan modifications, mortgage refinancing and deed in lieu of foreclosure transactions.
Real Estate Investing article on "Real Estate Short Sale"
February 19, 2010
Probate Properties
Probate properties refer to real estate owned by a person who is deceased. Probate refers to the legal process used to verify property ownership and determine rightful heirs. If probate real estate is bequeathed through the decedent's last will, real estate transfer documents must be filed through the court. If no Will exists, the court must adhere to probate laws to determine who is entitled to inherit the property.
Probate properties can be held in probate for several months. All expenses associated with the property must be paid by the estate until probate settles. Costs might include mortgage payments, property taxes, homeowners insurance, homeowner association dues, and maintenance expenses such as lawn care or repairs.
Real Estate Investing article on "Probate Properties "
February 15, 2010
How to Sell a Home on Your Own
Learning how to sell a home on your own can be both challenging and rewarding. Those who master the art can save a bundle in realtor commissions. Those who do not take time to learn the intricacies of selling real estate can end up embroiled in legal battles or lose thousands of dollars in profit.
Many venues exist for learning how to sell a home on your own. The Internet is the preferred choice for most. However, libraries are another excellent choice and many loan real estate courses on DVD. Several private investors and real estate gurus offer home selling courses and seminars. Before whipping out your credit card, engage in due diligence to ensure the information you are buying is from a credible source.
Real Estate Investing article on "How to Sell a Home on Your Own"
February 12, 2010
Real Estate Marketing
Real estate marketing is an essential element when trying to sell properties. Without some form of marketing, buyers will be unaware of available real estate opportunities. Whether you are trying to find a buyer for your home, locate investment partners or working as a real estate agent, marketing is the key to success.
The first step of real estate marketing involves developing a marketing plan. You can have all the real estate marketing tools in the world, but if you do not develop a strategy those tools are worthless.
