Blog Feed: Real Investor Tips | Loan Modification | Short Sale | Lease to own | Property Management

American Home Mortgage Servicing AHMSI Loan Modification Case Study

Published on 2012-05-13 00:38:40

AHMSI has been aggressively outsourcing its loan modification business to 3rd party negotiators, sometime since 2010. We were surprised to learn that our clients received calls from these negotiators who claimed to be able to work out modifications for AHMSI loans. This happens to even loans that are current and not in default state. We [...] > read more

Recruit High Quality, Long Term Tenants without Newspaper Ads

Published on 2011-05-28 18:57:50

We recently conducted an experiment that proved us that there is a high interest level from renters wanting to eventually become homeowners through lease to own programs. We posted a classified ad on Phoenix’s craigslist with Lease to Own keywo > read more

Speedy Loan Mod in Two Weeks

Published on 2011-02-22 22:45:41

A few of our clients recently reported that they received calls from Loan Modification consultants who did not sound like your normal loan mod lawyers helping to negotiate with the lenders. These consultants claim that they are hired by the investors > read more

Wells Fargo Loan Modification Case Study

Published on 2010-12-18 19:10:01

Overall, compared to other large lenders, Wells Fargo is reasonable to deal with when it comes to loan modification. As long as you are persistent in following up with them regularly and work with the right person, your chance of getting the mortgage > read more

Watch Out for the Robo-Signers from Banks’ Foreclosure Practice

Published on 2010-11-30 19:36:40

Lately a big news on banks’ bad foreclosure practice has brought a lot of national attention. Now many banks are accused of having used robot signers to sign thousands of foreclosure documents a day.  Robo-signers are banks’ employees or con > read more

Central Mortgage Company Loan Modification Case Study

Published on 2010-10-22 19:00:15

Central Mortgage Company seems to be one the banks who are more cooperative in modifying investment property loans. Compared to other bigger banks, where the loan modification applications are mis-handled easily due to the complex of bank’s int > read more

What Happens to Your Mortgage Mod When Loan Servicing is Sold to Another Lender

Published on 2010-08-01 12:10:22

In the event that the loan is being purchased and servicing is transferred to other lender, don't believe your loan modification application will be transferred seamlessly. You should immediately call the new bank to verify all the documents have bee > read more

Don’t Get your Loan Mod Application Locked!

Published on 2010-07-23 15:07:52

When loan modification reaches to its final stage and unfortunately it is denied, the loan modification application will be given a "locked" status. This means the loan cannot be reviewed or changed for a certain period of time. Such period is usuall > read more

Option to Purchase with Owner Financing Keeps Tenants Motivated

Published on 2010-07-01 11:17:16

Landlords who offer tenants the option to buy the house at the end of lease term, and even offer seller financing, not only have the most competitive edge in the rental market but also provide the biggest incentive for tenants to enter long term leas > read more

Use “Wraparound Mortgages” to Improve Cash Flow by 50%

Published on 2010-06-26 12:21:20

Two important strategies for real estate investors to improve cash flow are Long Term Lease To Own and Real Estate Contract. Real Estate Contract is a form of owner financing and can be structured even the Seller/Owner has an existing loan. Wraparoun > read more

Power of Attorney = Power in Your Hands

Published on 2010-06-19 10:03:02

If you manage your property remotely and use a local trusted friend or family member to handle the rental issues for you, you need a contract or a power of attorney. It is a contract involving the details on the work and the compensation in return. I > read more

Tax, Tax, Tax Considerations When Planning a Land Contract

Published on 2010-06-13 19:50:00

Tax can have a major impact on your rental property’s bottom line. Do not overlook tax implications when planning for owner financing deals, like a land contract (a.k.a real estate contract, or contract for deed). The legal title is not recorded or > read more

How to Choose the Right Type of Flooring For Your Rental

Published on 2010-06-07 11:08:00

It is not often that an investor needs to change the flooring of his or her rental house. Once every few years, the flooring comes to the end of life and you do need to install new flooring. What should you consider when deciding which flooring solut > read more