What is an appraisal? It is an opinion of value or the act or process of estimating value. The majority of real estate appraisals are used to establish the value of the collateral property for loan purposes. Appraisals are also used by insurance companies to determine the replacement cost of an insured parcel; and by […]
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When all other collection efforts have failed and it is determined that the borrower will not repay his debt voluntarily, the only course left is to institute proceedings against the security real estate to satisfy the debt. The procedure is called foreclosure. A process in chancery (principles and practices of judicial equity) is begun in
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We all need a higher rate of return than the banks are currently, what better way than Investing in Real Estate ad Business Notes. Here are some ideas that you can employ 1) Invest in yourself 2) Early mortgage payoff 3) Invest in a note 4) Buy from a broker 5) Buy a partial 1)
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Mortgage Note Buyers, Who are they and How can they help You? To understand what a Note Buyer does you need to understand “Owner Financing” also called “Seller Financing” What is Owner Financing and Why it is Crucial to Understanding the Role of a Note Buyer? Owner financing is an important aspect of the note
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If you are going to sell a piece of property it is very important 1.a) Recommended Interest Rate for owner occupied 1-4 Unit Residential: 0-8.5% for a 720+ credit score 0-9.5% for a 600+ credit score 0-11% for below 600 credit score Add 1% to the rates above for Commercial properties, 2nd homes and vacation properties
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How Can Seller Financing Help Sell Your Property Quickly Are you thinking about selling your property TODAY? Do you need to sell it QUICKLY? Maybe you need ALL of the money NOW, or have relocated or found another house to live. Has your property been sitting on the market longer than you want? Do you have interested
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5 Resources to Educate Yourself on Real Estate Note InvestingContents1 5 Resources to Educate Yourself on Real Estate Note Investing1.1 5 Sources of Note Education1.1.1 1. Books1.1.2 2. Blogs1.1.3 3. Podcasts and Webinars1.1.4 4. Mentors and Events1.1.5 5. Taking Action As with any new venture or form of investing, it’s important to gain knowledge of
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“Henry, there is a man on the phone and he is very upset” said my secretary. “What is his problem”, I asked. “He’s yelling about the book you wrote about Teeny-Boppers”, she said. “Teeny-Boppers? “Oh well put him on”. “Henry Dvorken, may I help you?” “Are you the man that wrote that book about Teeny-Boppers?”
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I have known Lonnie Scruggs for many years. I first met Lonnie at a seminar in Florida. Lonnie was invited to come up to the stage to explain to the audience what he did. “Just what do you do Lonnie” asked the session’s leader. “Well, I fool around with used mobile homes” said Lonnie putting on
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