Obama Administration Facing New Pressure on Foreclosures
According to Reuters, the Obama administration is facing stepped up pressure to provide more details about its efforts to help struggling homeowners stay in their homes. Although bankruptcy is one of the last steps that homeowners turn to in the foreclosure process, many could be avoiding foreclosure altogether if [...]
Dismal Foreclosure Numbers Could Be the Tip of the Iceberg
I recently read a very interesting article by Peter Roff and Thomas Jefferson. It again indicates that foreclosures and bankruptcies in the third quarter are continuing to climb. Although this is sad news for the millions of people in foreclosure or bankruptcy, it’s creating opportunities for [...]
Backwards Engineering Your Offer Price
When evaluating the investment potential of any income property there is one basic criterion that you must apply. That is cost versus income. Simply put, property income must exceed monthly costs by an acceptable amount or the property will not generate a positive cash flow.
By definition an income property means “a [...]
Reducing Your Closing Costs
Closing costs are the costs to acquire a property, apart from the down payment. Closing costs include items such as title insurance, transfer taxes, attorney’s fees, bank loan fees and other costs. “No money down” refers to the down payment, it does not does relate to your closing costs. It certainly [...]
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