Tag Archives: owner financing

Seller Financing Safe for Now

I admit the legislative battle over seller financing had me scared for the real estate investors who are seller financing residential properties. The House initially proposed that only licensed mortgage originators should be allowed to do seller financing transactions OR be limited to one transaction every 3 years. On June 23rd, the sponsors of that [...]

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Where’s the Foreclosure Help for Real Estate Investors?

Owner occupants are not the only ones facing foreclosure. Investors are losing multiple properties as a result of defaults in their mortgages. In fact, 1/3 of foreclosure properties are owned by distressed investors according to Housing Predictor. Finding a mortgage modification or debt forgiveness is difficult for investors because most banks are not willing to [...]

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mortgage reform

How the New Proposed Mortgage Reform Act Impacts Seller Financing?

I just wanted to clarify the confusion on the status of the proposed Mortgage Reform and Anti-predatory Lending Act, part of HR 1728, which was passed by Congress on May 27, 2009. It was never passed by the Senate and has not been enacted into law yet. The newest version which incorporates the 200 pages [...]

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Private Money, Owner Financing and Government Grants

This is Part One of my Getting the Money Power Strategies article. In the last few weeks I’ve seen two polls of real estate investors asking how many deals they’ve done. The results were consistent with 52% of investors saying they have never done a single deal. Now, I suspect that there’s a certain percentage [...]

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Sell Subject-To For Full Market Value

Over the course of the last few years, I’ve been selling off my residential properties to focus on commercial investing. Luckily, most of the 1, 2 and 3 unit properties I had were sold prior to the “mortgage meltdown” that happened last year. I had one duplex left over. One duplex that had lost about [...]

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