10 result(s) displayed (1 - 10):
March 15, 2013
Investors often avoid tax lien sales because they can be complicated. However, with a little research and detective work this strategy can pay off handsomely. At the very least, it's a good way to generate profits or acquire low-cost investment property.
As with most investments, tax lien sales can be risky. Becoming educated about the process is vital. A good place to start is local real estate investing networking groups. Check organizations like LinkedIn or MeetUp to find meetings in your area.
A simple explanation is tax liens are placed against property owners who fail to pay their taxes. Owners are given a certain amount of time to pay delinquent property tax. If they fail to do so in the allotted timeframe, tax collectors put the lien up for auction.
February 12, 2013
Applying for government student loans is probably one of the most exasperating experiences a person will have. It's a lengthy process that involves providing financial records, filling out student aid applications, obtaining financial counseling, and entering into legal contracts.
The good news is getting government student loans can be simplified by making a visit to StudentLoans.gov. This website is supplied by the Office of the U.S. Department of Education and provides information on everything from getting financial awareness counseling to student loan consolidation.
Students need to learn about the application process, different types of loans and payment options. In order to apply for financial aid students must prepare a Free Application for Federal Student Aid (FAFSA).
January 08, 2013
Most people find getting student loans without a cosigner to be an impossible feat. While the task can be challenging there are a few resources for students to tap into. For most, the top option is applying for government student loans. However, some people might qualify for private funding.
Qualifying for private student loans without a cosigner requires an established credit history and good FICO score. This option is generally reserved for borrowers who have consistent income either from a job, structured settlement annuity payments, or trust fund.
It's not easy to borrow college funds from a bank, so it's better to look into government student loans first. A few of the most common are Stafford loans, Perkins loans, and PLUS loans.
December 20, 2012
Merchants who want to accept credit cards must work with credit card processing companies. Therefore, it's vital to understand the procedures and associated costs to prevent overpaying
Taking time to compare various credit card processing companies can save merchants a lot of money over time. Companies generally assess fees to process credit cards, along with a per transaction fee, while some even charge fees for printed statements.
Sole proprietors and small business owners often find it difficult to find companies willing to provide merchant accounts. Instead, entrepreneurs usually have to work with third party providers who will obtain the merchant account. Unfortunately, the more people involved the higher the rates.
November 14, 2012
Many people contribute fraud in real estate as the demise of the mortgage industry. There is little doubt that scam artists have siphoned billions of dollars from unsuspecting people through home equity thefts, foreclosure bailout scams, straw buyer scams, and rental fraud.
Anytime fraud in real estate occurs victims must become proactive in reporting the incident to local law enforcement. Police reports are needed to begin the process of collecting evidence to prove a crime was committed.
Law enforcement officers will need to obtain the names and contact information for all parties involved, along with any documents such as trust deeds, quitclaim deeds, purchase or rental agreements, and escrow statements. They will also require any receipts or cancelled checks that were given or received.
October 27, 2012
A lot of sellers are using an owner financed real estate IOU to attract buyers willing to pay their asking price. Although the real estate market has experienced a slight upturn, finding qualified buyers remains a challenge.
When property owners secure loans with seller financed real estate IOU they act as the lender. A mortgage or trust deed is drawn up and filed with the County Recorder's office. If buyers default on the terms of the note the seller can initiate foreclosure and repossess the property.
Just as banks are allowed to sell mortgage notes to another bank, property owners can sell seller carry back trust deeds to private investors or investment groups. This is common practice amongst investors and is a good approach for those in need of quick cash.
July 02, 2012
Mortgagor vs. mortgagee is a term that anyone planning to buy a house with bank funds needs to learn about. When people obtain home loans they mortgage the property by entering into a legal contract with the bank.
Mortgage notes identify the mortgagor vs. mortgagee, along with details of the loan including interest rates, installment amounts, and payment dates. Mortgages are secured with promissory notes that include mortgagors' signatures to verify they understand the terms of the agreement and will pay back borrowed funds.
Mortgagee refers to the individual or lending institution providing funds needed to buy real estate. The property is used as collateral and the Mortgagee places a lien against it until the note is paid in full.
June 05, 2012
Trustor is the name given to individuals that establish trusts. Trusts are used to safeguard property and establish beneficiaries to receive assets upon the Trustor's death. A Trustee is designated to manage the trust. In most cases, this is the person that sets up the trust, but there are times when another person is in charge.
The term, Trustor is used with all kinds of trusts including living, land, testamentary, and irrevocable life insurance trusts. Trusts are commonly used with estate planning to avoid probate and reduce estate taxes.
Probate is always needed when estate assets are not transferred to a trust or protected by other estate planning strategies. The process is usually quite slow; especially in heavily populated areas where courts are overburdened.
April 11, 2012
As an investor, I'm always interested in real estate news and trends. I enjoy reading about what's happening in other parts of the country and around the globe. I like to find out how other investors overcome challenges and find creative ways to make things happen when times are hard.
For the most part, real estate news hasn't changed much. Investors want to know how to grab the next best deal. Newbies want to learn about investing principles and how to avoid going broke. Realtors want to find out how to sell houses fast even when the odds are stacked against them.
Over time, I've gathered a few of my favorite spots for real estate articles and housing market news. Most have been around for years and have continually evolved as trends change. Each offers something for Newbies to seasoned pros, as well as realtors, buyers, and sellers
March 23, 2012
Improving home value is a top priority for people that want to receive the best offer when selling their house. There are several ways to go about making a home more valuable to buyers. However, it's important to conduct research to determine what buyers are looking for before spending money on home renovations.
It's important to note home value isn't the same as real estate appraisals. While a property might be appraised at $100,000, buyers might feel it is worth more or less depending on the types of amenities.
It can be helpful to think back to the selling point when you purchased the home. Was it because of the community where the house is located? Was it the built-in swimming pool or gourmet kitchen? Perhaps it was the size of the lot or the fenced-in back yard. Whatever made the house attractive to you might also be the selling point for buyers.