March 28, 2008

"Types of Structured Settlements"

Structured settlements have been utilized in the United States as an alternative to lump sum cash payments for more than 30 years. Essentially, structured settlements are a financial arrangement used to compensate individuals who have been injured due to the negligence of another person or organization.

Oftentimes, structured settlements are used when an individual is awarded a large sum of money. Instead of paying one large payment, smaller payments are made over a period of time. These payments may be issued monthly, quarterly, semi-annually or annually.

Real Estate Investing article on ""Types of Structured Settlements""

March 21, 2008 | Comments: 1

"Promissory Note" How to use them in a realestate transaction.

A promissory note is a legally binding contract used to document details of a loan between two parties. Promissory notes can be used for many types of financial transactions including personal loans, business loans, and real estate transactions.

Before participating in a promissory note agreement it's important to understand the different types of notes, repayment schedules and legal terms. Let's begin with the different types of notes payable.

Real Estate Investing article on ""Promissory Note" How to use them in a realestate transaction."

March 17, 2008

Shortsales are Realestate Investors best friend?

Shortsales are quickly becoming an option mortgage lenders are willing to pursue in order to avoid the expense of foreclosure. Industry experts state the average cost to lenders on foreclosure property is $80,000 per house. With thousands of Americans facing foreclosure, the financial impact is devastating to lenders. In order to lessen the blow to their bottom line, many are willing to engage in alternative solutions.

Shortsales give homeowners the opportunity to sell their home for an amount less than is owed on the loan. The sale needs to occur within a specified period of time. The lender typically specifies the minimum amount they are willing to accept prior to the allowing the homeowner to put their house on the market.

Real Estate Investing article on "Shortsales"

March 14, 2008

Crafting the Perfect Short Sale Hardship Letter

The short sale hardship letter is by far the most important element to obtaining a short sale through your lender. The message you convey in this document can make or break your deal. Therefore, it's important to understand what you should and should not include in your hardship letter.

Short sales are quickly becoming an alternative solution for people facing foreclosure. In essence, a short sale is an arrangement between a homeowner and their lender, which allows the homeowner to sell the home for less than the amount owed on the mortgage note.

Real Estate Investing article on "Crafting the Perfect Short Sale Hardship Letter"

March 11, 2008

Las Vegas Real Estate

Some of the most popular Las Vegas Real Estate is situated within Master Planned Communities. These sprawling mega-communities consist of single dwelling homes, condominiums, townhouses and villas situated along tree lined streets and include parks, recreational areas, schools and community shopping.

Las Vegas real estate located in master planned communities offers a host of advantages. With practically everything you could ever need situated within the community, homeowners can save both time and money. As gas prices continue to soar, many Vegas residents are turning to master planned communities to reduce fuel costs.

Real Estate Investing article on "Las Vegas Real Estate"

March 07, 2008 | Comments: 10

Inheritance Property

Inheritance property is any property received from a person who is deceased. It can consist of real property such as a house, business or undeveloped land, or personal property such as automobiles, boats, jewelry, household furnishings and clothing.

Inherited property can include financial instruments such as cash, investment portfolios and life insurance proceeds. Although considered personal property, financial inheritances are oftentimes taxed at a different rate than other types of personal property.

Real Estate Investing article on "Inheritance Property"

March 03, 2008

Types of Homes for Sale

When looking at homes for sale, there are many options to consider. Are you looking for single family residence home or multi-family real estate such as a duplex or apartment building? Are you looking for a fixer-upper home or a brand new home that requires no additional work?

Many homes for sale are being offered as FSBO (For Sale by Owner), which may or may not be the best choice for you. Others are offered as REO (real estate owned) foreclosure homes, while other homes for sale are offered directly through a real estate agent.

Real Estate Investing article on "Types of Homes for Sale"

March 01, 2008

Chapter 13 Bankruptcy may not be the right option.

Chapter 13 Bankruptcy is the most common type of bankruptcy filed in the United States. Also known as Wage Earner's Plan, Chapter 13 allows individuals to retain their possessions and repay their debts over a period of three to five years.

Individuals facing foreclosure oftentimes file Chapter 13 Bankruptcy in an effort to save their home. Filing Chapter 13 can stop foreclosure proceedings; however, the individual must continue making mortgage payments in a timely fashion.

Real Estate Investing article on "Chapter 13 Bankruptcy may not be the right option."