Many distressed homeowners are asking, “What is a short sale and can it prevent foreclosure?” This strategy has gained in popularity as foreclosure rates continue to soar because short sales allow borrowers to sell their home for less than is owed on their mortgage note. When borrowers ask, “what is a short sale?” I offer […]

Fail out of bankruptcy is a term used when debtors are unable to adhere to bankruptcy repayment plans. In 2005, Congress enacted the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) which requires debtors to reorganize debts under Chapter 13. In addition to paying regular expenses, debtors must contribute approximately 60-percent of disposable income toward […]

Several options exist for writing a business plan free. The Internet is a great place to start, as is your local library. Both the Internet and public libraries offer books and resources to help real estate investors develop their business plan. Some online companies offer free versions of business plan software, while others charge a […]

The new bankruptcy laws require petitioners to obtain credit counseling through an agency approved by the U.S. Trustee. The Bankruptcy Abuse Prevention and Consumer Protection Act were enacted in 2005 to put an end to bankruptcy petitions filed by consumers who engage in frivolous spending. Under BAPCPA, debtors are now required to repay a portion […]

The California investment market has experienced its fair share of busts and boons. The past two years have been particularly brutal for California’s real estate market. Housing prices have fallen by 40-percent in some cities and towns; leaving numerous homeowners owing more on their home than its appraised value. Many California investment properties available today […]

Searching for cheap homes for sale? If so, you won’t have to search very long. Just drive through any neighborhood and you’re certain to find numerous ‘For Sale’ signs. While many homes are listed by realtors, a large percentage of homeowners are now listing their properties on their own. Some sellers even go so far […]

Probate real estate investing is a special niche not many investors know about. This investment strategy involves buying real estate held in probate. Probate is the legal process used to distribute estate assets of a person who has died. In the best cases, probate takes about six months to settle. If complex issues or family […]

Transfer of real property is documented through real estate notes and land contracts. These notes are also commonly referred to as seller carry back trust deeds and real estate receivables. Seller carry back references private financing provided by the property owner. This type of financing can be used when borrowers cannot obtain financing through a […]

A bank short sale refers to real estate that is sold for less than homeowners owe on their mortgage note. Homeowners who can no longer afford mortgage payments and are facing foreclosure must work with their lenders loss mitigation department to apply for short sale approval. Bank short sale properties can include single family residences, […]

First time house buyer tips can save time, money and frustration – as long as the information comes from a reputable source. With today’s technology, home buyers can conduct research; locate homes for sale; apply for mortgage loans; and purchase homeowners insurance while sitting in front of the TV. Late night infomercials offer an abundance […]