Items Tagged with 'Private money investing'


  • The Slippery Slope of Short Sales

    This past week, I received an email from one of my dearest friends that has really stuck with me. It illuminates perhaps one of the single largest shifts in borrower psychology likely to come from a push to short sales: My neighbors are being foreclosed on. He is an civil engineer, and she is a retired banker. They are the most wonderful people I have ever met, and have been such sweet giving neighbors. She basically designed and built the house from scratch.
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  • Improved Due Diligence is Key to Secondary Market Revival

    It will take greater accountability in financial transactions, specifically more stringent due diligence, for investors to be confident enough to buy mortgage-backed securities again. The stock and bond markets have rebounded strongly over the past year from the global financial meltdown of 2008. But recovery in the market for private residential mortgage-backed securities continues to be held up by continuing concerns about the underpinnings of these deals.
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  • Parallel Paths

    A recent New York Times headline read: "Program Will Pay Homeowners to Sell at a Loss." The article goes on to describe how the program will pay you to move out of your home so the bank can sell it. In contrast, the Detroit Free Press described a program that will pay you to stay— move in, not out. You agree to occupy a foreclosed home, pay a monthly fee, no taxes or insurance, just mow the lawn and pay your utilities, and the program may refund half of what you’ve paid when the property is sold.
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