Lenders
Lenders In The Temple - Conor Oberst and the Mystic Valley BandMay 16, 2012
** I DO NOT OWN THIS MUSIC ** This song is by Conor Oberst and The Mystic Valley Band. I've just uploaded this for others to hear, and I do not take any credit. **NEW SONG by Conor Oberst. Self titled CD in stored August 5th 2008! www.conoroberst.com
Fast Funding by Hard Money LendersApr 14, 2012
Apply for Hard money loans now and get funding:bit.ly Hard Money Lenders provide bad credit loans solutions for real estate funding. We at Do Hard Money, can fund you hard money loans within just few days. Hard Money Lenders are able to move faster than the traditional lenders because they cut through the red tape and get to the meet of the situation. They are looking to the true value of the property. For more details, visit www.dohardmoney.com
In Defense of Payday LendingMay 17, 2012
Few industries are more reviled than payday lending, which primarily services the working poor by offering short-term loans at high interest rates. Payday customers borrow an average of $350 for a period of two weeks, or until their next paycheck comes in. The money is handed over on the spot, once the payday store can verify that the customer has a job, earns enough to afford the loan, and hasn't recently defaulted with another vendor. Payday loans are in high demand: There are 22000 payday storefronts in the United States and in 2009 they loaned a combined $35 billion. And yet the industry is fighting for its survival. Montana just voted to make it illegal for the payday-loan industry to operate profitably, so lenders are loading their wagons and wheeling out of "The Land of the Shining Mountains." They've already moved on from Oregon, New Hampshire, North Carolina, Arizona, Georgia, and Washington, DC, because of similar regulations. The annualized interest on payday loans runs about 400 percent, but the reality is that payday firms see returns closer to 10 percent, or about the same as other less-demonized financial service providers. Now there's a danger the federal government will quash the rest of the US payday industry. The Frank-Dodd Financial Reform bill, passed in July, created the Consumer Financial Protection Bureau (CFPB), which posseses the power to regulate paydays at the national level for the first time. The vaguely written law doesn't allow the CFPB to ...
Private Money Lender - Credibility Kit To Attract Private Money LendersMay 09, 2012
www.REIClub.com - Attracting Private Money Lenders To Your Real Estate Deals Is Easy If You Have a Professional Credibility Packet to Show Your Private Lender... To Learn More on Private Money Lenders www.PrivateMoneyInterviews.com Hi, this isFrank Chen with REIClub.com, the only site you need as a real estate investor. Today I've got quick video on using credibility packets to attract private lenders for your real estate investments. Biography - Quick Bio of Self - Picture, real estate experience, deals you have done? - Do not spend a lot of time on yourself, no one really cares Property Analysis - Property of Interest: - Property Comps - get them from realtor - MLS - Houses sold in past 90-180 Days - similar in sq.ft and neighborhood/subdivision - Highlight - Address, list price, sq.ft., year built, realtor remarks - Location - Quick description of neighborhood, schools, malls, near highway, etc. - Include graphs if you want to show market trends - Pictures of interior - carpet, kitchen, bedrooms, flooring, appliances (hot water heater) - Pictures of exterior - siding (brick or wood), backyard, fence, roof, external units - List of repairs - itemize cost Profit Analysis - What's in it for the Private Lenders? Break down the numbers - List Price = $100K - After repair value (ARV) = $120K - Repair Costs = $10K - Taxes/Insurance = $3K - Closing = $5K - Unless seller takes closing cost - Total costs = $18K (deduct from list price) - Starting Cash Offer - $80K - Return on ...
Peerform.com Peer to Peer lending | A smart way to borrow moneyMay 07, 2012
www.peerform.com .Peerform is a peer-to-peer lending platform that connects people who want to borrow money with investors. Peer-to-peer lending is an alternative to the banking system that provides the following services: Better fixed interest rates More transparency A fast and easy process An attractive community of people who want to help each others
Payday Loans ScrutinizedMay 03, 2012
With more American's struggling financially, payday loans are coming under scrutiny for trapping the working poor in a vicious cycle of debt. Armen Keteyian reports.
New FSA Obliterates 50% Mortgage LendingNov 18, 2010
www.myfirsthomeblog.com In July, the regulator published proposed new rules aimed at making sure borrowers can afford their mortgage repayments. These included affordability tests for all mortgages and making lenders ultimately responsible for assessing a consumer's ability to pay. Lenders would also be required to verify a borrower's income in every case, to prevent over inflation of income and mortgage fraud. The proposals were backed by FSA research into the causes of arrears and repossessions since 2005, which revealed that: Forty-six per cent of households either had no money left, or had a shortfall after mortgage payments and living costs were deducted from their income. Almost half of new mortgages between 2007 and the first quarter of 2010 were provided without a customer having to verify their income. The share of interest-only mortgages increased to over 30% at the peak of the housing market, with many borrowers having no repayment vehicle in place. However, the CML claims that if the proposed new rules had been in place from 2005 to 2009, around half of all mortgages would not have been granted, with the loss of 3.8 million loans that would have been sound. Over the four-year period, only 151000 cases of arrears and 30000 repossessions would have been prevented by the proposed new measures, the BBC has reported. Furthermore, around 730000 first-time buyers would have been denied the opportunity to get a foot on the property ladder. The consultation period on ...
Hard Money Lending & Private Mortgage Lending- How it WorksApr 25, 2012
Private Hard Money Lending explained. The first in a series of short videos about hard money investing, borrowing and brokering from Trent Dalrymple, private "hard money" investor and lender since 1986. Metro Mortgage Investments, LLC works with property in the Detroit and Metro Detroit area only.
Hard Money Lending : PMB-Funding.com - New "Hybrid" Private Money LenderFeb 08, 2012
Chris Yates of CM Yates Capital (cmyatescapital.com) explains a new "hybrid" source of private money for your real estate transactions. This new concept has been around for less than 2 months, and it is already gaining ground quickly in the alternative funding realm of real estate investing. The company, PMB International, has located a bunch of private lenders who want to fund real estate deals, and is pairing them with borrowers who need funding. In short, you send them the details of your deal online, and they send it off to a bunch of private lenders that are looking to fund it. They take the best fit, and fund your deal. Here are a few points that make them unique from most other lenders out there • 100% funding success rate for deals that meet their criteria • Can fund both large and small loans amounts (meaning that they WILL consider your smaller $10K-$20K deals, etc.) • Longer term loans are available for rehab and cash flow deals • No upfront cost to submit a deal • No credit requirement (they will fund your deal even if you have foreclosures or BK, etc.) • For higher LTV deals, they will allow cross-collateral or partners in lieu of cash down payments • Will allow seller-carry hybrid deals up to 110% CLTV (the seller will carry a 2nd if provide cash of a 1st loan) • Will pay you an ongoing referral fee for sending them borrowers or lenders (in some states) • Will pay you for referring them other people who refer borrowers or lenders (in some states) PMB Funding ...
Reverse Mortgage , Reverse Mortgage LendersNov 30, 2011
Reverse Mortgage | Reverse Mortgage Lenders www.reversemortgagelendersdirect.com presents an overview video of the hecm reverse mortgage, you can learn the basics about the reverse mortgage program including: what is a reverse mortgage, who qualifies for a reverse mortgage, how does a reverse...
Sue Your Mortgage Lender and Force them to "PRODUCE THE NOTE"May 02, 2012
More info: www.sueyourmortgagelender.com Learn the "PRODUCE THE NOTE" strategy to fighting back against your lender and winning. Most lenders have LOST the original mortgage note and cannot find it. Think of the promissory note that you signed as a check. If the check you signed and gave someone to cash at a later date is LOST - then guess what? THEY CAN'T PROVE THAT YOU EVER OWED THEM ANYTHING. This is the same way it works with your promissory note and your mortgage. The recorded mortgage is simply public record notice and lien against your home which references the promissory note - which is not recorded. In order to have legal standing to foreclose against you, your mortgage lender must prove they are the owners of the debt. And the way to prove this is by producing the ORIGINAL promissory note. If they cannot produce this - they cannot foreclose against you. WARNING - many corrupt banks have digital scanned copies of the note but they can't find the ORIGINAL. So what they are doing is printing these scanned copies through high resolution color copiers and presenting these as proof. It is almost impossible to tell these are copies to a novice. But if you take a yellow highlighter and run it over the ink signature - it will smudge. On a copy - the signature ink will NOT smudge. Also you can flip the notary seal page upside down to see if the ink stamp bleeds through. It will not bleed through on a copy. You can also check the signature lines and look for the pressure ...
How to find a hard money lenderMay 04, 2012
Hard money lenders can be a very important source of financing for real estate investors. In fact, one local hard money lender helped me get my start in real estate investing. The problem many people have when they are just starting out is finding a local hard money lender. This video shows you how to find a hard money lender in your area. www.financiallyfreelandlord.com
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