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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 [...] 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 [...] Financing Your Property “No Money Down” – Part 3 - Continued from Part 2 - Bird-Dogging Properties A very creative technique involves you acting as a “bird-dog”. If you are not familiar with “bird-dogs”, they are hunting dogs that point out birds hiding in shrubs and bushes for the hunter. As the bird-dog you find investments [...] Financing Your Property “No Money Down” – Part 2 - Continued from Part 1 - Borrowing from Strangers You should not solicit strangers to do these deals without legal advice. There are state and federal laws that regulate solicitation of money from investors. If you solicit funds from the general public you may be [...] Financing Your Property “No Money Down” – Part 1 Purchasing almost any piece of real state involves a lot of money. Properties can cost hundreds of thousands and even millions of dollars. The purchase price can empty the bank account of even the wealthiest investors. The good news is that you can borrower [...] Consumer Advocates Have a Message Consumer advocates have a message for homeowners mired in foreclosure: Your situation is not hopeless. Even if your house can’t be saved, they say, there are steps you can take to lessen the fallout. “When people see the foreclosure (notice) come to the door, they just give up,” said Debra Voltz-Miller, [...] Rising Unemployment Accelerates Foreclosure Crisis Is the current administration on the right track. Before health care or any other programs, the administration needs to concentrate on incentives for companies to create jobs. The foreclosure crisis will never end until the country gets back to work. Just this week at the Mercury Marine facility [...] Top 10 Reasons to Avoid Foreclosure Before you jump to the conclusion that a foreclosure is your only option, or the easiest/quickest way out of a difficult and stressful financial situation – think again! A short sale (short sales allow a homeowner with a legitimate hardship to sell their property for less than the balance [...] |
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