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...
by Others | Sep 12, 2012 | By Others
Written by Phill Grove While these real estate jokes were anything but intentional, we thought we’d light up your day with a little humor in the field. From bad postings, unthinkable descriptions, and a realtors promotional video bloopers, these real estate jokes can...
by Others | Sep 12, 2012 | By Others
What is Mortgage Novation? Mortgage novation is a legal process by which a person with a mortgage loan can transfer that loan to another person which releases the original loan holder from the liability of making the payments on the loan. ‘Novation’ is actually a term...
by Others | Sep 12, 2012 | By Others
Written by Phill Grove Affects of The Dodd Frank Act and Owner Financing One of the goals of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 was to set up a standard for creating qualified mortgages. The 848 page legislation was enacted in the...
by Others | Sep 12, 2012 | By Others
Owner Financing can be a win for both parties. Sellers like owner financing because they can make money upfront, positively cash flow monthly, and collect the equity when the buyers refinance without all the hassle that comes along with being a landlord. The main...
