by Others | Sep 12, 2012 | By Others
All about wraps What’s a Wrap Around Mortgage? Put simply a wrap around mortgage is a new mortgage that is created on a property that “wraps around” an existing mortgage. Wrap around mortgages, or ‘wraps,’ are typically used when selling a home with owner financing...
by Others | Sep 12, 2012 | By Others
Acquiring real estate “Subject To” is an investment strategy that allows investors to acquire a property with little or no money out of pocket by leaving the seller’s existing mortgage in place. More simply, the investor does not have to get a loan through a bank or...
by Others | Sep 12, 2012 | By Others
What are HUD Homes? The United States Department of Housing and Urban Development, or HUD, is a federal department that administers federal programs that deal with better housing and urban renewal, including affordable housing. Usually when you hear the term HUD homes...
by Others | Sep 12, 2012 | By Others
When I go to make an offer on a property that I am looking to assign to a flipper, I use the following real estate wholesale cheat sheet pricing formula: Market Value * 70% minus Repair Expenses minus MY Assignment Fee = Offer price I make my assumptions on what the...
by Others | Sep 12, 2012 | By Others
Much has been made recently on the news about mortgage assignment fraud and the bank’s overall bad behavior during the housing crisis. The purpose of this article is to give you an understanding about why banks did what they did and how it constitutes mortgage...
