http://www.simonvolkov.com/ Real Estate Note Investor | Note Promissory en Copyright 2010 Mon, 15 Mar 2010 11:47:00 -0800 http://www.sixapart.com/movabletype/ http://blogs.law.harvard.edu/tech/rss expired listings marketing plan can help real estate agents and investors locate new clients who are eager to sell. Expired property listings consist of real estate which has been on the market a minimum of six months to one year, but not yet sold. One of the most important aspects of expired listings marketing is connecting with the client. By the time homeowner's real estate contracts expire they are usually feeling despaired and distraught. They are upset their home has not sold. They are feeling dejected because the home they love has gone unnoticed or received low offers. Some are on the brink of bankruptcy or stressed out because they could lose their home to foreclosure. ]]> http://www.simonvolkov.com/expired-listings-marketing.html http://www.simonvolkov.com/expired-listings-marketing.html Expired Listings Marketing Mon, 15 Mar 2010 11:47:00 -0800 sell real estate note in whole or part to obtain lump sum cash payment. All types of real estate notes can be sold including mortgage notes, commercial real estate notes, real estate contracts and promissory notes. In order to sell real estate note, buyers and sellers must enter into a legally binding agreement. Legal documents can include a letter of intent to purchase real estate, agreement to sell real estate and a purchase contract. ]]> http://www.simonvolkov.com/sell-real-estate-note.html http://www.simonvolkov.com/sell-real-estate-note.html Sell Real Estate Note Sun, 14 Mar 2010 12:48:58 -0800 what does REO mean? If so, you're not alone. REO is a buzz word within the real estate industry and stands for Real Estate Owned. REO properties are foreclosure properties that did not sell at auction and have been returned to the lender who originated the mortgage loan. Many people ask, "What does REO mean in terms of profit margins?" This can somewhat difficult to answer. In the past, bank owned homes were sold below market value so banks could liquidate toxic assets; meaning properties which cost the bank money to hold. Today, banks are holding on to repossessed properties in hopes of obtaining a higher price when market conditions change. ]]> http://www.simonvolkov.com/what-does-reo-mean.html http://www.simonvolkov.com/what-does-reo-mean.html What Does REO Mean Sat, 13 Mar 2010 20:11:28 -0800 Countrywide foreclosure list refers to real estate that was backed by Countrywide Financial Corporation and eventually fell prey to foreclosure. At one time, Countrywide was the nation's largest independent mortgage lender. When the banking system collapsed due to subprime lending practices, Countrywide took the biggest financial hit and were eventually bought out by Bank of America. The Countrywide foreclosure list database is now presented through Bank of America website and includes a wide variety of properties. Prospective buyers and real estate investors can use the database to scout out single and multi-family residences, mobile homes, commercial real estate, vacant lots and land, mixed use properties, and newly constructed homes. ]]> http://www.simonvolkov.com/countrywide-foreclosure-list.html http://www.simonvolkov.com/countrywide-foreclosure-list.html Countrywide Foreclosure List Wed, 10 Mar 2010 05:19:24 -0800 estate executor is an important decision that should considered carefully. Executors play an integral role of estate management and have multiple duties and responsibilities. Although most people designate their spouse or adult children to administer their estate upon death, this might not always be the best decision. The responsibilities of estate executor can be challenging to handle on their own. Add in dealing with grief over the loss of a loved one and administration duties can be overwhelming. When family strife exists, estate executor's often receive the brunt of anger and are destined to cope with heirs contesting the Will. ]]> http://www.simonvolkov.com/estate-executor.html http://www.simonvolkov.com/estate-executor.html Estate Executor Tue, 09 Mar 2010 16:18:24 -0800 loan modification hardship letter to allow borrowers the opportunity to explain events which are causing financial hardship. While loan modification approval is based primarily on borrowers' ability to pay future payments, along with other financial factors, the letter of hardship can help borrowers connect to lenders' emotional side. Taking time to craft a well-written loan modification hardship letter can go a long way in persuading mortgage lenders. It also allows borrowers to do a bit of soul searching to determine where things fell apart and can provide insight on how to fix financial problems. ]]> http://www.simonvolkov.com/loan-modification-hardship-letter.html http://www.simonvolkov.com/loan-modification-hardship-letter.html Loan Modification Hardship Letter Fri, 05 Mar 2010 12:18:36 -0800 Home Path Mortgage is a special home buying option available through Fannie Mae. Multiple incentives are available to entice buyers to purchase Fannie Mae properties including reduced down payment requirements and closing costs, flexible mortgage terms and elimination of mortgage insurance and home appraisal fees. Two types of Home Path mortgage financing options are available. HomePath mortgage financing is available to buyers purchasing a Fannie Mae home as their primary residence. HomePath renovation mortgage financing provides funds to purchase a Fannie Mae home and make light renovations. Both options require buyers to obtain mortgage financing through an approved Home Path lender, which can be located at FannieMae.com. ]]> http://www.simonvolkov.com/home-path-mortgage.html http://www.simonvolkov.com/home-path-mortgage.html Home Path Mortgage Thu, 04 Mar 2010 13:53:44 -0800 Loan modification refers to permanently altering the terms of a home mortgage loan to reduce payments. It is important to note the principal balance is not reduced, even when home values are less than the amount owed on the mortgage note. Instead, servicing lenders reduce interest rates and extend payment terms by up to 40 years. Under Obama's loan modification plan, mortgage lenders and borrowers can receive financial incentives of up to $1000 per year if home loan payments are paid in full and on time each month. Banks can receive a maximum $3000 incentive, while borrowers can receive a reduction of up to $5000 off their home loan principal. ]]> http://www.simonvolkov.com/loan-modification.html http://www.simonvolkov.com/loan-modification.html Loan Modification Thu, 04 Mar 2010 13:44:13 -0800 Making Home Affordable is a government sponsored program initiated through President Obama's Financial Stability Plan. The primary goal of this program is to give homeowners struggling to maintain their home mortgage payments the opportunity to refinance or obtain a loan modification. The Making Home Affordable website offers interactive tools allowing borrowers to quickly determine if they are eligible for home affordable refinance or home affordable modification programs. While the website does not engage in refinancing or modification lending practices, it does provide information and resources to guide borrowers in the right direction. ]]> http://www.simonvolkov.com/making-home-affordable.html http://www.simonvolkov.com/making-home-affordable.html Making Home Affordable Tue, 02 Mar 2010 18:59:28 -0800 Online investing is a relatively new way to build financial portfolios. From online stock trading to purchasing mutual funds and 401k investing to buying real estate, nearly all types of investment products can purchased at the click of a mouse. The most common concern of online investing is security. Suffice it to say, that anything in the online world is subject to computer hacking. Whether it is your bank account, credit cards, medical history or online investment practices, nothing is 100-percent safe. However, investment companies take every conceivable measure to ensure investors are protected. ]]> http://www.simonvolkov.com/online-investing.html http://www.simonvolkov.com/online-investing.html Online Investing Fri, 19 Feb 2010 12:00:11 -0800 Personal finance is the most important aspect of anyone's life. Everyone knows it is next to impossible to get through life without money. At bare minimum, everyone requires food, water, shelter and clothing. Unless you are proficient at bartering, you need cash to survive. Many people put personal finance on the back burner because they are barely scraping by. Others don't have a clue about how to create a household budget or balance their check register. Millions of Americans are forced to work well past retirement age because they didn't tend their finance garden in their early years. Some have made bad financial decisions, while others have faced horrific financial disasters such as bankruptcy and foreclosure. ]]> http://www.simonvolkov.com/personal-finance.html http://www.simonvolkov.com/personal-finance.html Personal Finance Mon, 15 Feb 2010 13:15:02 -0800 homes in foreclosure. Financial publications, such as Money CNN and Business Week, estimate the number of foreclosure properties to exceed two million in 2010. Add in the 2.3 million foreclosed homes of 2008 and nearly three million in 2009 and it is easy to see the magnitude of the situation. Homes in foreclosure affect not only borrowers and banks, but neighborhoods and entire communities. Foreclosure real estate reduces property values of all homes within the area. Communities receive less government funding which in turn forces budget cuts within schools, public services and infrastructure. ]]> http://www.simonvolkov.com/homes-in-foreclosure.html http://www.simonvolkov.com/homes-in-foreclosure.html Homes in Foreclosure Mon, 15 Feb 2010 12:51:27 -0800 houses offers buyers the opportunity to earn profits. Whether buying a home as a personal residence, vacation home, rental property or for house flipping, real estate can be a smart investment choice. However, buyers must become educated about the process and learn how to spot a good property vs. a potential money pit. Buying houses in today's real estate market requires investors to investigate their options. Housing choices can range from single dwelling homes to multi-family residences, newly constructed houses, and distressed properties such as foreclosure, bank owned, short sale and probate real estate. ]]> http://www.simonvolkov.com/houses.html http://www.simonvolkov.com/houses.html Houses Mon, 15 Feb 2010 12:06:47 -0800 Cash notes for sale offer both buyers and sellers the opportunity to yield strong profits. At present more than sixty types of cash flow notes exist. The most common include seller carry back, land, business, structured settlements, and real estate. Cash notes for sale are usually a safe investment practice because they are secured by tangible property. However, before buying any type of note, investors must engage in due diligence to ensure the deal is sound. ]]> http://www.simonvolkov.com/cash-notes-for-sale.html http://www.simonvolkov.com/cash-notes-for-sale.html Cash Notes for Sale Sat, 13 Feb 2010 17:12:35 -0800 We buy ugly homes has become a popular phrase amongst real estate investors who engage in purchasing run-down houses. In most instances, ugly homes are sold well below market value because the homeowner does not possess the financial means to make repairs and renovations. Investors can purchase ugly homes at reduced prices, make repairs and sell the house for profit. One of the most recognized "we buy ugly homes" investment companies is HomeVestors of America. Based in Dallas, Texas this house buying franchise operates offices across the nation. Their infamous marketing campaign consists of bright yellow and red "We Buy Ugly Houses" billboards positioned along interstates and high-traffic areas. Their message brings hope to homeowners who need to sell homes in less-than-perfect-condition quickly. ]]> http://www.simonvolkov.com/we-buy-ugly-homes.html http://www.simonvolkov.com/we-buy-ugly-homes.html We Buy Ugly Homes Thu, 11 Feb 2010 13:40:09 -0800