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Are House Seller Contributions Kosher?
July 10, 2000  ?I offered $289K for a house but was not able to make a down payment.  The seller?s realtor told me that so long as I could pay all the closing costs, they would find a way to contribute 5% toward a down payment.   When we sat down to sign the ... more...

Qualifying For a Mortgage
December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more...

real property loan credit information seller house mortgage related definitions

Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more...

Credit Report
Credit Report A report documenting the credit history and current status of a borrower's credit standing, detailing a borrowers credit history including payment history on revolving accounts (eg. credit cards) and installment ... more...

More about real property loan credit information seller house mortgage

How to Find a Good UK Secured Homeowner Loan
If you're looking for a UK secured homeowner loan, you might not know where to turn.How can you insure that you're getting the best interest rates and repayment terms? Exactly what does it mean to get a UK secured homeowner loan, anyway?If you feel a bit lost with the whole process, don't despair ... more...

Asset Searching for Recovery Actions - The Decision Maker's Tool Part 2
In Part One of this article we took a look at some minimum recommendations for asset searches as a recovery medium. This discussion is based on the assumption that an asset search has already been determined to be sanctionable by, for example, a loan in default, a judgment that has been rendered, a ... more...

Seller Financing - Six Safety Tips
Why offer seller financing when you sell? A higher price, a good return on your money, a faster sale and to sell a property that is otherwise difficult to sell. Some good reasons, but how do you do it safely?1. Get a large downpayment. The most obvious way to be safe, and not always possible.2. Get ... more...

Family Feud with an Auction Deadline Adventures in Probate/ Estate Purchases
One of our investor students told us of an interesting probate deal or "adventure" they're working on now and while it's a good story, it also illustrates lots of the ins and out of probate or estate issues and purchases.The Seller (we'll call him Scott) co-owned this house with his mom, and he ... more...

Finding the Secured Homeowner Loan for You
If you've been thinking of getting a secured homeowner loan, you'll find it worth your time to do a little research on these loans and to shop around for the best deal.Getting a secured homeowner loan can help you to take care of any of a variety of expenses from autos and vehicles to home ... more...

What is a Foreclosure?
A foreclosure is an action taken against a property owner by seizure of his/her real property. It can be for many reasons. The main cause is delinquent payments on a mortgage. The mortgage company or second and even third mortgage holders contact the owner, then the trustee (usually an attorney) to ... more...

Real Estate Investing: Short Sale Package 101
I have been asked many times during my travels to conventions about the all important short sale package. First, a short sale package is what the bank or lending institution asks for before taking a discount on the 1st, 2nd, or even 3rd mortgage. The package includes many things that are ... more...

SIPPs (Self Investment Pension Plans) Made Easy
What a difference A Day makes!6th April 2006 is A Day. Everything about pensions changes then: mostly for the better, and you need to plan for those changes now.1. You can get tax relief on all your income2. Your pension can buy buy-to-lets, holiday homes and villas abroad; and it can even take out ... more...

5 Reasons to Build a Real Estate Property Portfolio
I think youll agree with me that real estate investment deserves a closer look when I tell you that according to many sources 90% of the worlds richest people made their fortunes from property!So here are just five quick reasons why I think you should consider building yourself a real estate ... more...

Seven Key Tax Deductions for the Self Employed
As a sole proprietor, its wise to familiarize yourself with the some key deductions that may reduce your tax bill for 2004.Small-business consultants generally recommend that you hire an accountant to prepare your tax returns, payroll and financial statements. But you should also meet with your ... more...

Rehab Foreclosed Houses the Right Way and Keep All the Profits!
I've been teaching people how to buy foreclosure properties for a long time.And we all make the biggest profits on the deals that we rehab the right way.But this does NOT mean what you might think!The right way to rehab any property is by using a new business credit card or business line of credit ... more...

Attention all Operators! What is a Dollar Really Worth? by Restaurant Consultants, Inc.
A recent analysis of 120 of the largest publicly traded restaurant companies in the United States shows that the average net profit is 11.71%. That led me to contemplate what operators have to do to actually get that eleven cents to the bottom line, and its harder than most people realize.Selling a ... more...


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