A property needs a short sale when it is worth less then what is owed on the property. Simply said, if a property is worth 200k but the mortgage on it is 400k there are only 2 ways for the homeowner to sell their house.
The first way is for the homeowner to bring 200k to the table to sell the house for 200k, so that way they cover the difference in what is owed to the bank. This is usually very unlikely because homeowners don’t have that kind of money to lose. This being so the second way is
Wholesale
Fix and Flip
Municipal Tax Liens Afforded Protection By Court - June 25, 2014
Earlier this week, on June 25, 2014, a decision from the NJ Supreme Court has bolstered the position of tax sale certificate holders throughout New Jersey -- particularly those seeking to enforce their rights and foreclose upon a property where the property owner has sought bankruptcy protection. It is a landmark decision and it helps to solidify and…
It’s finally spring (A snowstorm here or there notwithstanding) and its time to shake off the slow pace of winter and get active. Watching things come alive and grow got me thinking about gardens…planting seeds…cultivation.
You might be thinking, “What does this have to do with real estate?” Stay with me here, there are a few parallels.
SPREAD THE SEED
This is a relationship business. Don’t underestimate the importance of creating a strong…
With the economy still on shaky ground and lenders requiring that your deal fit neatly into their guideline box, the ability to raise private money has never been more important. You frequently hear people discussing this topic but you might be wondering – where do I begin?
Having raised roughly 10 million dollars over the last 5 years I’ve gotten very familiar with the process but I am by no means an attorney. When raising private money please be sure to seek out a qualified real…
Urban landlord investing combines elements of crime, drugs, boarded up assets, and low income tenants. Within all this uncertainty comes a unique risk adjusted opportunity. This post is going to look at one major tenant type that you will come across: The Section 8 Tenant.
Section 8 ?
Section 8 is a Government housing voucher program that is managed by the Department of…
