February 10, 2010 Safe Mortgage Licensing Act Will Virtually Eliminate Seller Financing The goverment namely HUD intends to eliminate seller financing as an option to sell your property on February 16th unless the seller lives in the home or becomes a licensed loan originator. The goverment is yet again bent on restricting the rights of private property owners.
As with many things in life, moderation is often best. This also applies to the length of loan terms. A moderate loan term that amortizes the loan, meaning the borrower is regularly and consistently paying down the principal balance is best
January 22, 2010 Lease options and why we don't buy them Lease Options may look like a solution at the time but more often than not they turn into huge disasters.
Well let's get started with the basics of loan structuring
January 5, 2010
WHO TOOK MY CHEESE? Have you lost your job? Did your business nose dive with the economic bust? Don't be ashamed if any of these things have happened to you. What is truly important is how you react to these significant changes.
Do you lend money? No, we do not lend money. We only purchase receivables secured by real estate, business notes, annuities & structured settlements & lottery winnings. Back to Top
How long does it take to get my money? As a general rule it takes two-three weeks to close on a real estate note, from the time we receive all the required documentation. Annuities and structured settlements usually require a court appearance for reassignment and take a bit longer. Back to Top
Why does it take two-three weeks to close? The reason it usually takes two-three weeks to close is that we must order title reports from the escrow company. Additionally, we must order a drive by appraisal of the subject property, which in many cases is the item that takes the most time to schedule and have completed. Back to Top
How do I get my money? Before the close of escrow we will place a cashiers check in a trust account with the title company. At the end of closing the title company will express mail the cashiers check to you. Back to Top
