Need a Loan Modification? Here are Six Ways You Might Qualify
by Joshua W. Davidson Let’s face the facts, the San Diego area mortgage market and home market has had some wild declines over the past eighteen months to a few years, depending on the location. Along with other adjustment to borrowing rules, it is almost absurd for nearly all fighting to survive real estate owners to refinance their home loans into realistic specifications. Fortunately, worried homeowners still have a chance at getting their loan changed by their existing lender. [more...]
Date: 2009-09-29 19:23:47
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Wednesday.
Since mortgage rates are now more than 1% below my mortgage rate (of 6%), I’ve been looking to possibly refinance ... refinances. Transfer Rates/Recordation Taxes for DC, VA & MD First off, my condo closed at more than ... , cheaper condo fees, cheaper yearly real estate taxes, $280k loan versus a $342k loan, a big ass gym [more...]
Date: 2009-01-14 17:54:33
News Roundup: LIC Raises its Stake in Over 11 Firms
Govt. Allows 100% FDI for Facsimile Editions of Foreign Newspapers - The government has allowed up to 100% foreign direct investment (FDI) ... 150-200 crore of loan repayments. Besides, the company is also looking to reschedule loans due ... banks to restructure loans taken for commercial real estate without turning them in to non-performing [more...]
Date: 2009-01-15 04:27:53
Points to Consider When Buying A Condo
Searching for a condominium well-suited with your lifestyle can be a task especially with today’s real estate market ... out a loan. Moreover, there are also added expenses further than the actual purchase price which may include taxes, and private mortgage insurance. It is also that you keep in mind when purchasing [more...]
Date: 2009-01-16 03:25:32
Let Me Tell You About The Loan You Could Have Had
Not interested? Most people aren't when it's talking about how they got taken advantage of in the past ... of this article is about: educating you in how to shop for a loan and what the tricks are, and if you've never had a real estate loan but want one someday, chances are you'll benefit from reading it too [more...]
Date: 2008-12-18 15:00:47
DLF Pays Back Rs 1000 Cr Loan
Real estate Company DLF Ltd is learnt to have repaid loans to the tune of nearly Rs 1,000 crore during December, to various banks ... official told Business Line. “Overall, the company has converted the short-term foreign debt into long-term Indian borrowing. Earlier, the foreign debt had become cheaper than Indian debt and Indian [more...]
Date: 2009-01-13 10:32:27
The Mission: CD Rates California, Mission Bank
Choosing a savings plan that makes sense for you and your lifestyle can be a difficult task ... , certificates of deposit, credit cards, and business, agricultural, commercial real estate, construction, residential, and consumer loans. It also provides credit card processing services to area [more...]
Date: 2009-01-15 05:21:10
What The Heck Is ‘DCR’ And Why Should Real Estate Investors Care?
I get this question from time to time, as DCR isn’t as commonly known as some real estate investors might think. It stands for Debt Coverage Ratio ... loan amount. On your handy dandy loan calculator, mine is and will forever more be an HP 12C ... . It’s ratio of Net Operating Income to total annual Debt Service (a year’s loan payments [more...]
Date: 2009-01-11 00:32:23
Be Careful Not To Commit Fraud With Rebates
With many people pushing various "cash back to the buyer" schemes in real estate, a note of caution is needed. Actually, it's more like an entire symphony of caution. Because if there is a loan involved ... estate and loan places that are willing to pull so-called "harmless" fraud are also willing to pull [more...]
Date: 2009-01-07 14:48:27
CRE Loan Distress Levels Escalating Rapidly
Commercial real estate distress levels are escalating rapidly. CoStar says Volume of Delinquent/Defaulted CMBS Loans Could Triple in 2009 ... as having potential credit issues more than doubled from about $3.5 billion per month to about $7.5 ... securities have flagged as having potential credit concerns. The current scheduled ending balance of those [more...]
Date: 2009-01-15 07:13:00
Finance Guide
Finance Guide Search: Home Featured Articles Archives Contact Us Subscribe Credit Cards Report Debt Consolidation Insurance Auto House Investing Stocks Loans PayDay Real Estate Buying Selling Credit Online accounts [more...]
Date: 2008-12-18 19:12:55
Current Baltimore City Maryland Real Estate Market *Trend Tracking*
Current Baltimore City Maryland Real Estate Market *Trend Tracking* Posted by Aaron Rice under For Buyers, For Realty Professionals, For Sellers, ... Expert (CDPE). 443-244-0051. Are you facing a financial hardship? 4-Temporary Loan Relief ... consider forbearance when you can show that funds from a bonus, tax refund, or other source will let [more...]
Date: 2009-01-14 13:08:05
Some Free Advice About Real Estate Transactions
Most days I get loan wholesalers coming into my office ... , but that's cool. I'll price loans with them anyway, and if they're the best I can do for the client ... they have to pay in order to get it. This comes back to The Trade-off Between Rate and Cost. If one lender's par [more...]
Date: 2009-01-09 14:40:27
How To Effectively Shop for A Real Estate Mortgage Loan
This is a little harder than shopping for buyer's agents, so congress critters might not be able to do it ... a debt to income ratio and subtract from that your current monthly obligations, to arrive [more...]
Date: 2008-10-03 13:53:54
VOTE HERE! Next up? The “Saddleback” Bowl … as in, gold-medal living in the county’s foothill towns! In more pressing real estate news …. O.C ... to this year, adjustable-loans’ low use (back to 1988) was 16% in 1998. If you don’t know, adjustable-rate loans typically offer homebuyers initial cost savings in return for the risk of higher house [more...]
Date: 2009-01-08 01:37:08
Commercial Mortgage Loans for Your Properties
by katie George Commercial Mortgage Loans are often required for buying the business’ real estate and commercial properties that can be utilized for commercial shopping centers and malls, industrial and high-rise office buildings, complexes, apartment buildings, factories, hospitals, warehouse, golf courses, hotels, restaurants, gas stations, [more...]
Date: 2009-01-02 09:35:49
It Is Illegal Under RESPA to Require Even Prequalification With a Particular Lender
RESPA no person shall give and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or a part of a real estate settlement service involving a federally related mortgage loan shall be referred to any person. Let me repeat the important [more...]
Date: 2008-12-16 14:43:35
A Closer Look at Nexia Holdings, Inc.’s (NXHD.OB) Unique Real Estate Acquisition Strategy
In the fourth quarter of last year, Nexia Holdings told investors that President Richard Surber has developed a new real estate acquisition ... , individuals, corporations or other entities as a result of subprime or other foreclosed loans ... their holding to cash. Commenting on his strategically developed plan, Mr. Surber stated, “Nexia can buy highly [more...]
Date: 2009-01-15 14:41:04
When Will the Real Estate Market Stop Going Down?
by Mary Bush A question I get asked quite often is when will the real estate market stop going down? Or have we already hit bottom? ... to go up. Also there are thousands of people in negative amortization or pay options arms that have yet ... and investors of mortgage backed securities are now getting very strict. Many of the loan programs [more...]
Date: 2009-01-04 23:42:02
Ladder Capital REIT Expects to Price IPO This Week
Abbi Adest submits: Ladder Capital Realty Finance ( LCG ) expects to go public this week. The newly-organized REIT intends to invest primarily in commercial real estate loans. Business Overview (from prospectus ) Complete Story » [more...]
Date: 2009-09-29 20:28:49
Goldman Sachs Predicts Loan Losses Will Top $2 Trillion
Despite all the hoopla about stimulus plans and bailouts rescuing Americans’ home equity and retirement accounts, ... — the losses that investors and financial institutions are potentially sitting on from bad loans… ... of $780 billion. Add in losses from commercial real estate, credit cards, auto debt and business [more...]
Date: 2009-01-15 23:05:05
Should ‘New’ Virtual Assistants Charge Less?
First, I’ve gotten brave and attempted a second podcast with this post. You’ll find the link below ... over 7 years of experience with me to my new business in 2007. That experience included mortgage loan processing, accounts administrator, sales assistant, title processor and real estate paralegal [more...]
Date: 2009-01-15 21:59:50
NAR should put its money where its mouth is
I’ve hesitated to post this since I’m not sure how it will go over with other real estate agents (or my boss!). But, why not? ... on that loan will vary, based on your credit score, amount you put down, where you live ... , generating spending, and helping to repair the economy. Problem solved. I’ve got an even better idea [more...]
Date: 2008-12-20 16:35:30
Short Sale: One Way for Homeowners to Avoid Foreclosure
If you are having extreme difficulty in paying your monthly mortgage amortization, consider turning to short sale to avoid foreclosure ... another home loan when things get better at least one year after the sale. Foreclosure almost always removes a consumer’s chance of taking another home loan in the future. A short sale is a real estate [more...]
Date: 2009-01-14 18:07:29
Thank you Taxpayer. Sincerely, Merrill Shareholders
From the Wall Street Journal In the end, investors and financial institutions could face as much as $2 trillion of losses from bad U.S ... from commercial real estate, credit cards, auto debt and business debt, and Goldman’s loan-loss estimate ... rescued both Merrill and Countrywide without government assistance. Mr. Lewis had also argued [more...]
Date: 2009-01-15 09:02:01
Good Deal or Not Revisited by hipchickindc
In real life, hipchickindc is licensed as a real estate broker in the District of Columbia and Virginia, ... 139 Varnum and 303 Rock Creek Church Rd NW were purchased with conventional loans, which currently ... that was purchased using all cash. Continues after the jump [more...]
Date: 2009-01-16 04:14:47
SoCal office owner skips payment on $1.5 billion loan
Cabi in Fountain Valley A real estate investment trust run by KBS Realty of Newport Beach — owed $175 million by a ... in principal due on the overall $1.5 billion loan package. The borrower, part of Cabi Properties, used ... -Arden loan package. The KBS loans mature next August. KBS revealed the late payment in an SEC filing [more...]
Date: 2008-11-04 16:58:44
Cash for clunkers worked like this — (Sticker MSRP + markup + options + fees + taxes - $4,500 = Price you paid).
Financing 100% of the price of a car at anything other than 0% means you are under water after the first year. Most people put nothing down when buying a car — just ’sign and drive’ for whatever you can qualify for and believe the dealer has your interest at heart like with real estate agents. The average new car depreciates 10%- 20% in first year. A 60 month car loan won’t exactly ‘build equity’. Being in the Auto Industry, I can tell you we are having the worst September in our history. [more...]
Date: 2009-09-29 15:46:41
Find Helpful Information about Loan Modification
The most dreadful situation in the economy has caused a lot of appalling difficulties. People are unable to live as they were used to as there are a lot of financial troubles. Some have lost their jobs because of redundancy, others encountered troubles connected with unpredicted expenses. The mast dreadful is situation on the real estate market. Homeowners cannot afford to keep the houses they have been living for a long time. [more...]
Date: 2009-09-29 10:33:46
Confusing Consumption With Investment
People are now waking up to the fact that what that real estate investment guru was pitching at the seminar wasn’t necessarily an "investment": ... loan rate Purchase prepaid credit card Christian consolidation counselor debt Experian business ... and score Home improvement loan maine Debt consolidation services Credit report credit score [more...]
Date: 2008-06-24 14:10:35
By Saying Yes, WaMu Built Empire on Shaky Loans
As a supervisor at a Washington Mutual mortgage processing center, John D. Parsons was accustomed to seeing baby sitters claiming salaries worthy of college presidents, and schoolteachers with incomes rivaling stockbrokers’. He rarely questioned them. A real estate frenzy was under way and WaMu, as his bank was known, was all about saying yes. [more...]
Date: 2008-12-28 04:44:56
Real Estate Shopping Online
realestate.com Buying a house is a very serious investment. However, during the sub-prime loan days, many have made the decision impulsively ... that can guide a buyer in choosing the best properties such as a mortgage calculator, which can calculate different types of loans with different type of payment plans and a home valuation calculator [more...]
Date: 2009-01-02 09:59:57
Real Estate Sellers Giving A Buyer Cash Back is Defrauding the Lender
When we sold our home just over a year ago we were talked into selling for a bit more than the original offer so the person could get money back to ... other reason to object, after all, if the loan officer was willing to loan that much money ... in order to persuade a lender to make a loan they would not otherwise make is a textbook case [more...]
Date: 2008-11-22 16:31:03
2008 Lookback: Best Calls of the Year
In a year when major stock indexes, real estate, hedge funds, oil, grains, emerging markets, dollar/yen, long/short hedging strategies (thanks to the short-selling ban), high-yield bonds, bank loans, diversification, and the Super Bowl ... who can lay claim to the title of Dr. Doom — those who were bearish in time to save their clients a lot [more...]
Date: 2008-12-23 11:33:00
A Look At 2009 From The Inside: Real Estate, Credit, and Debt
About two months ago I wrote a post that included information from a monthly magazine, (sic), I read religiously ... with more regulations. Consumer advocates will thrive and collection agencies will be riddled with compliance ... who is president and chief executive officer of debt broker National Loan Exchange, Inc. as [more...]
Date: 2009-01-02 15:47:36
One in Ten Mortgages in Crisis: How To Make Smart Real Estate Decisions in Today’s Market
I couldn’t believe my eyes this weekend. I was watching CNN (no surprise), and as I was listening to the live coverage of O ... rate. I researched different mortgage loans. Plus, I was freelancing for a mortgage and loan website ... with an interest only home loan, we chose predictability over payment shock. Don’t “Splurge” [more...]
Date: 2008-12-15 18:18:27
Mortgage cram-downs - I find them hard to swallow
Here’s a real estate term that appears to be gaining popularity its called “mortgage cram-downs ... modifies a loan, often reducing principal so a borrower can afford it. Lenders hate it because they have to absorb the loss. Bankruptcy judges currently have the ability to modify certain personal loans [more...]
Date: 2009-01-08 16:24:50
100% Federal VA loans - No Down Payment
100% Federal VA loans - No Down Payment Author: fchamberlin // Category: Down Payment Assistance, Eugene Oregon, Florence Orgon, Interest Rates, ... our families and our nation, as well as giving them a form of financing that will allow real estate ... duty. If you are unfamiliar with the program, there are several advantages to using VA’s Home Loan [more...]
Date: 2008-12-31 00:28:52
A Brand New Mortgage Calculator Widget
For the real estate professionals and web publishers out there — we now have another widget that you can utilize to quickly and easily add great ... visit Zillow Mortgage Calculators to see this content. Get custom loan quotes — anonymously Zillow ... current rate to plug in. Most mortgage calculators list 6% as the default interest rate, but mortgage [more...]
Date: 2008-10-03 19:13:56
Privacy Concerns in Real Estate Transactions
Every once in a while I get someone who is unhappy with required paperwork for privacy reasons ... for a mortgage loan application, known in the business as the 1003. Admittedly, the form does ask ... , so they can make a decision on whether or not to grant the loan. It also asks for irrelevant items [more...]
Date: 2009-01-04 17:35:00
RealtyTrac Foreclosure Activity Report Released: Laws and Programs to Prevent Foreclosures Ineffective
Irvine, California-based online real estate company, RealtyTrac, ... on "cramdown" legislation affecting bankruptcy judges' powers regarding mortgage loan modifications ... percent in 2008 Bankruptcy Cramdown Mortgage Loan Modification? Key Banks Approve Possible Legislation [more...]
Date: 2009-01-15 22:24:28
Creating Our First Ever “Real” Budget Was An Eyeopener.
When we started looking at real estate a few months ago and started to get our finances in order to apply for a mortgage, ... Netflix: $9 Student Loan Payment: $121 Total of just the above = $2,946. This does not include stuff [more...]
Date: 2008-09-23 13:00:49
Cash Flow Versus Balance Sheet Accounting in Real Estate
An email: Greetings, I've recently been pitched the idea of refinancing my home and investing in apartments, or more precise, a four-plex. The idea is to refinance and get a negative amortization loan on my house. With the money I pull out of my home, put a down payment on a four-plex, also with a negative amortization loan. That way [more...]
Date: 2008-11-26 17:38:33
Real Estate Numbers: Calculators and Spreadsheets Are Your Friend But They Have Limits
On a fairly regular basis I get email asking what I think of this or that loan calculator on the web, ... of. I've caught more than one company that had programmed its calculator to low-ball the payment ... shop for a loan based upon payment more than a few times, also) For spreadsheets [more...]
Date: 2009-01-01 19:36:09
Home equity line for real estate investing?
by Doc Schmyz We all know by now that home owners have a hidden savings account…its called HOME EQUITY ... then most credit cards. This fact alone makes it ideal ... Line of Credit? With a normal loan, which deposits a set amount of money in your account and begins [more...]
Date: 2009-01-14 10:27:43
Las Vegas Real Estate Rebounding
We believe the market is rebounding here in Las Vegas ... months. The flip side to this is these reduced home prices, coupled with extremely low mortgage rates ... Shifts Signal Changes If you look closely at the types of loans that are being made here in Las Vegas [more...]
Date: 2009-01-16 02:27:41
Help Available For Homeowners; Home Loan Modification Plans
by J. Ochs In the United States right now, foreclosure rates are higher than they’ve ever been. Homeowners are literally fleeing their homes and letting the banks deal with what they leave behind. Since banks are in the banking business and not the real estate business, they don’t really want the houses back [more...]
Date: 2008-12-30 16:22:00
How Can I Lower The Down Payment Requirements So I Can Buy Real Estate?
With a few lenders starting to loosen their requirements slightly in San Diego, it's becoming increasingly obvious that the bottom is behind us ... , because there's no PMI, no need to split loans, and no ongoing charges for the loan, by debt to income [more...]
Date: 2008-06-17 13:40:32
Home Prices - How Did They Get So High?
It seems that the real estate bubble has burst, but how did home prices get so high anyhow? ... From Low Interest Rates Take out an amortization book or find one of those payment calculators online ... paying this much in the early 80s. For example, a 30-year loan of $200,000 would cost you $2,292 [more...]
Date: 2009-01-14 06:37:08
Buying Real Estate Without A Source of Income Or When You Are Changing Careers
I've found several of your mortgage articles very helpful, and wondered if you could help me find a way to solve the dilemma I've been presented ... smack into the question at the heart of every loan: How are you going to pay the money back [more...]
Date: 2008-11-16 17:06:53
