What Will Housing Credit Look Like in the Next Recession?
credit is getting tighter We traditionally see going into a recession, and during a recession, credit gets tighter. What is meant by hard loan for housing? This means some mortgage products may not be offered, FICO score requirements may be increased, and it may mean that pricing increases for some loans to account for the […]
Record-keeping needs reform: FHFA watchdog
federal housing finance agency (FHFA) office of the inspector general (OIG) determined that the FHFA complied with guidance relating to the Guardianship of Government-Sponsored Enterprises (GSEs). However, according to a new report from the FHFA OIG, staff turnover and extensive record-keeping issues have led to the loss of important documents. As a result, new document […]
CFPB funding is constitutional, 2nd Circuit Court rules
United States Court of Appeals for the Second Circuitwhich includes districts in Connecticut, New York and Vermont, decided Thursday that funding provisions for consumer financial protection bureau (CFPB) are constitutional. a case between the CFPB and Law Offices of Crystal Moroney – A law firm served with a Citizen Investigation Demand (CID) on possible legal […]
Lessons from Chicago’s South Side: Know Your Neighborhood
in this article It’s 11:00, I’m laying in the front seat of my car, and people are shooting at each other in the middle of the street. This is not the beginning of a film. This is not an engaging start to an article. This is my real life. This woke me up. Back in […]
How I Got My Latest Deal By Checking Out A Distressed Property
in this article One day I was in between appointments and had some time to kill. As usual, I used this time to drive around the neighborhood and look for any vacant or distressed properties. While driving I saw a house which looked quite strange compared to the others. As I crossed it, I saw […]
Here’s what you need to list to sell property fast
in this article Today I am talking about how to sell supersonic-rocket-speed property fast. this is easy; You only have to list the property for $1, and I bet you’ll sell it in no time, right? Wrong. That’s not how it works—I’m just kidding. What I’m about to say here might sound a bit pretentious, […]
How to Maximize Profits When Selling Your Investment Property
in this article In this red-hot market that most of America is currently experiencing, it can be tempting to cash out your investment, let it appreciate (in some cases) highly, and move it into another investment. Perhaps you are tired of tenants and toilers and would like to check out the notes instead. You may […]
Sell your home easier, faster and for more money
in this article Selling a home is a process—and if you’ve never done it before, you have no idea what’s involved. From pre-listing preparations to inspection, appraisal and choosing an agent to problems that may arise in lending, knowing what lies ahead can make your entire process easier and more profitable. If You’ve Never Sold […]
The wild ups and downs of real estate investing
in this article “You can’t be serious!” I told my property manager. “Unfortunately yes. That’s what he said,” replied my property manager. I was just informed that our former rehab coordinator—who we just fired for, well, not really doing anything helpful—was also taking kickbacks from at least two of the contractors we were using. Were […]
$225,000 profit on assets of $177,000
in this article how is that possible? I hope that was your first knee-jerk reaction when you read that headline. Or maybe it was: WHave a hat catch? Well, there’s no catch, and it Is possible. Plus, it’s not a standalone deal—we’re doing them all the time. Buying real estate on no terms using your […]
