Real Estate and Real Estate Investing Articles on Promissory Notes, Short Sales, Pre Foreclosures and other Cash Flow Investments
August 30, 2010
Subject To
Subject to refers to a real estate agreement which allows buyers to take over mortgage payments through assignment of ownership rights. This strategy can be used by individuals who do not qualify for traditional lending and is sometimes used to real estate investors to obtain properties from individuals facing foreclosure.
Subject to is also referred to as Sub2 and Subject 2. Individuals who desire to conduct additional online research should utilize all three references to maximize available information. Subject to transactions can provide benefits to all parties involved. However, this type of transaction is best handled by a real estate lawyer to ensure proper documents are submitted through the courts and legal contracts drafted to protect all parties involved.
Real Estate Investing article on "Subject To "
August 23, 2010
Foreclosure Property
An excess of foreclosure property could be the yellow brick road to the pot of gold for savvy real estate investors. A recent report published at CNNMoney.com deems investors who sweep in to purchase distressed properties as 'vulture investors', but in reality these individuals have learned how to capitalize on a downturned market.
Foreclosure property can consist of single- or multi-family residences, commercial real estate, or raw land. Previously, investors purchased foreclosure real estate primarily for the purpose of house flipping. Today, these properties are being purchased as rental homes to accommodate the millions of homeowners who lost their home to foreclosure and incapable of qualifying for mortgage loan.
Real Estate Investing article on "Foreclosure Property "
August 16, 2010
Foreclosure Auction
Foreclosure auction refers to selling real estate at public auctions so banks can recover financial losses associated with the foreclosure process. While it is true real estate can be purchased below market value, buyers should take time to understand the process involved and engage in due diligence prior to placing bids on distressed properties.
A foreclosure auction usually takes place at a public location such as county fairgrounds and local courthouses, but can also occur at the property being auctioned. Public auctions offering multiple homes for sale allow buyers the opportunity to scout out potential deals.
Real Estate Investing article on "Foreclosure Auction "
August 09, 2010
Real Estate Buying Bank Owned
Real estate buying bank owned refers to purchasing properties that have been repossessed by mortgage lenders. Bank owned properties consist of foreclosure real estate that did not sell through public auctions or were held by lenders until market conditions improved and could be sold at a higher price.
Real estate buying bank owned has become a popular strategy amongst real estate investors, home buyers, and business owners looking for cheap commercial properties. Bank owned foreclosures are often priced upwards of 20- to 30-percent below appraised value. Properties are sold directly through each bank's loss mitigation division or their assigned realtors
Real Estate Investing article on "Real Estate Buying Bank Owned "
August 03, 2010
Subject 2 Real Estate Investing
Subject 2 is a type of real estate financing strategy that allows individuals with bad credit buy a house by taking over the property owner's mortgage loan. Also known as "Subject To" and "Sub2", this home buying option has become quite popular amongst real estate investors and buyers who need to quickly sell their home.
Subject 2 is perfectly legal and can be used by individuals wanting to buy a house; sellers needing to sell their real estate fast but unable to locate a qualified buyer; or real estate investors wanting to add additional investment properties to their portfolio.
Real Estate Investing article on "Subject 2"
July 30, 2010
Foreclosure Process
The foreclosure process will vary depending on the state of residence and servicing mortgage lender. However, the process begins when banks send borrowers a breach of contract or payment collection notice. This is referred to as the preforeclosure phase. If mortgagors can cure mortgage arrears and make future mortgage payments, the process could end at this stage.
The foreclosure process continues when borrowers ignore collection letters or are unable to enter into foreclosure prevention strategies offered by the bank. Once borrowers receive a notice of default it is in their best interest to immediately contact their lender. Ignoring the situation only escalates the process.
Real Estate Investing article on "Foreclosure Process"
July 26, 2010
Online Investing
Online investing has become a popular way to establish and expand financial portfolios. Investors can purchase all types of investment products from the comfort of home. Trading stocks, investing in bonds, retirement contributions, and even real estate purchases can take place 24 hours a day, 7 days a week.
Numerous online investing companies exist. Some of the more popular include: Charles Schwab, Merrill Lynch, Fidelity Investments, and Vanguard. One good resource for learning the intricacies of online investing is InvestingOnlineResourceCenter.org. Visitors can learn how to avoid fraud, prevent being scammed, and protect financial investments, as well as locate investment resources.
Real Estate Investing article on "Online Investing"
July 20, 2010
Probate Property
Buying probate property is a little-known way to enhance investment portfolios or buy a house priced below market value. Investing in probated real estate requires a little more work than buying homes from realtors or mortgage lenders, but the savings can be well worth the effort.
Probate property is real estate held in probate court. When a person dies their assets are held in probate until the last will is validated and outstanding debts are paid. On average, the probate process lasts between three and nine months. Inheritance property cannot be distributed to heirs until the estate is settled.
Real Estate Investing article on "Probate Property"
July 12, 2010
Homes in Foreclosure
The number of homes in foreclosure is expected to reach 4 million by the end of 2010. According to Bloomberg Business Week, more than 7 million homeowners have already fallen victim to America's real estate epidemic which has led to declining property values and lack of new home sales across the nation.
Homes in foreclosure affect more than those who lose their house. Entire communities pay the price. Real estate prices drop dramatically in areas hit hard by foreclosure. Homeowner's association fees rise to compensate for evicted property owners. Communities lose funds normally acquired through property taxes. Local governments are forced to make budget cuts to public services and education.
Real Estate Investing article on "Homes in Foreclosure"
July 07, 2010
Florida Refi
Property owners in the Sunshine State are turning to Florida refi in order to reduce mortgage payments or obtain cash for home improvements, college tuition, or to pay off high interest loans and credit card debt.
When borrowers enter into Florida refi they are taking out a new home mortgage loan. Therefore, borrowers should be prepared to provide financial records to exhibit they are credit worthy. Borrowers must also be financially prepared for upfront mortgage refinancing fees.
