All Posts Tagged With: "investors"
Foreclosure Discount Gets Bigger & Bigger
Buy low and sell high is a traditional real estate investing strategy and with good reason: Unlike the stock market you can’t sell homes short and make a dime. Thus it makes considerable sense to buy property at the lowest possible price and that brings us to RealtyTrac’s foreclosure report for the second quarter: “The [...]
26Aug2011 | Peter G. Miller | 1 comment | Continued
Japanese Nuclear Meltdown Could Impact US Home Prices
The key to real estate values has always been location, but now the term “location” may be impacted by your home’s distance from the nearest nuclear reactor. The scenes from Japan are grim and the debate over how far is safe from the six troubled Fukushima nuclear reactors is unsettling. Is the right distance from [...]
17Mar2011 | Peter G. Miller | 4 comments | Continued
Are FHA mortgage loans freely assumable?
In tough times is it true that FHA loans are assumable? You see spread across the Internet a resounding “yes” when the question of FHA mortgages and assumptions is raised. Unfortunately, a flat “yes” is not the whole story. FHA loans are not freely assumable; that is, a buyer cannot take over an existing mortgage [...]
24Jan2011 | Peter G. Miller | 0 comments | Continued
Mortgage Modification or Refinance — What’s The Difference?
Is it better to modify a mortgage or to refinance? While both result in new loan terms, the two choices are very different. When you refinance a mortgage you replace an existing loan with a new one. There’s no need to negotiate with the old lender because his mortgage claim will be extinguished. However, borrowers [...]
25May2010 | Peter G. Miller | 0 comments | Continued
Should We Dump Real Estate Investors?
When it comes to bailing out giant banks, huge companies and massive stock brokerages there’s no shortage of government interest and activity. After all, it’s in our national interest to protect investors — unless, of course, they’re folks who merely bought a house or two. The investor double standard is hardly hidden. It appears everywhere [...]
30Nov2009 | Peter G. Miller | 0 comments | Continued
A Basic Guide To Real Estate, Mortgages & Taxes
Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th. But for those with real estate the load is made lighter by tax [...]
11Nov2009 | Peter G. Miller | 0 comments | Continued
Mortgage News: Investors Have Rights Too
What rights do mortgage investors have when loan servicers want to change loan terms? That is the essential issue in this case which pits Greenwich Financial Services Distressed Mortgage Fund 3, LLC against Countrywide Financial Corporation, now a part of Bank of America. Does the safe harbor provision created by Congress last March for mortgage [...]
20Aug2009 | Peter G. Miller | 0 comments | Continued
2009 Real Estate, Mortgages & Taxes
Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th. But for those with real estate the load is made lighter by tax [...]
11Mar2009 | Peter G. Miller | 1 comment | Continued
Can You Profit From The Real Estate Meltdown?
Hardly a week goes by without the announcement that some major bank has just succeeded in raising billions of dollars in new capital from hedge funds or overseas investors. Given the huge sums being invested in U.S. banks you have to wonder what they’re doing with such new dollars. One good use might be to [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
What Is FHA 203(k) Financing For Investors?
In October, 1996, HUD placed a moratorium on investor (non-owner occupant) participation in the 203(k) Rehabilitation Mortgage Program. “This moratorium,” said HUD, “will allow the Department to consult with the industry and affected communities to explore legislative and policy reforms that will result in a program which will provide the neighborhood rehabilitation benefits of the [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
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