Saturday, July 31
Shadow

How Can I Stop My SBA Lender From Foreclosing on My Home?

Mortgage Refinance
I got a call this week from a guy who is going to lose his house next month. He had a $500,000 SBA loan which he defaulted on a few years back. Since then, the business has closed, and there is no collateral remaining except for his house that he pledged at the beginning of the process. He went on to tell me that he's desperate for a way to avoid foreclosure, but his attorney told him it was pretty hopeless. Except for the SBA loan, he had no other liens on the home, which meant that all the proceeds from a foreclosure would go to the SBA Lender.Below you will find my advice to him, and answers to his major questions:1) My Advice: SBA Lenders are willing to make reasonable business decisions, therefore if you offer an amount equivalent to the equity in your home, there is a chance the lend...

Quality Real Estate Contract

Property Management
Quality in a contractAn important role in the success of a real estate deal is played by the quality real estate contract. There are many types of contracts in the real estate industry such as lease purchase agreement, REO properties etc and it doesn't matter that whether the buyer is going for which of these options but before being a party in a contract, the buyer must make sure that he is signing a quality contract. A quality contract is one that fully protects both parties and provides the highest level of legal protection to both parties. A quality contract is one that does not allow one party to cheat the other party.Need of clausesIf you are entering a contract as a buyer then you will want to leave the contract easily if you think that leaving it is safe but you will want to charge...

Important Considerations For Property Market Investors

Investing
With the uncertainty surrounding the global economy, investors can be forgiven if they have some concerns about seeking a mortgage to get into the South African property market. Still, real estate investments remain one of the best long-term vehicles for wealth creation. Investors who want to realize consistent returns from their investments, however, need to understand how to manage these loans properly.There are a number of key factors that every investor must take into consideration when deciding whether or not the time is right to jump into the real estate market. These factors include the current interest rates, the National Credit Act's ramifications, and various purchasing options.The interest rates charged on these loans has been decreasing steadily for a number of years. While the...

Commercial Agents – Tips for Preparing a Commercial Property Lease Marketing Plan

Commercial Property
When it comes to the marketing of commercial property today, specific target markets and marketing solutions need to be designed in the case of each property. Particular properties require unique marketing solutions to solve the property pain that the landlord may be experiencing.This is where specialist commercial real estate leasing agents can offer high value and expertise to the property landlord.When it comes to specific marketing proposals, commercial property leasing is a case in point. The marketing proposal is specifically written for the leasing project in the local area, whilst taking into account the trends of the market.Here are some tips for structuring the lease marketing proposal and presenting it to the property owner in preparation for the campaign:The proposal document m...

Renting Out For First Time Landlords: The Essential Factors To Consider

Leasing Renting
There is absolutely no doubt that the rental business is a highly lucrative and rewarding endeavor for its practitioners. However, this is more so for only those who have the correct knowledge and skill to navigate through the many factors that are necessary for success in this highly competitive sector. Thus, first time landlords would have to consider all the essential factors carefully and painstakingly before venturing into renting out their properties to prospective tenants.But like all other skills, real estate rentals could also be patiently learnt and the knowledge gained, applied in going about renting out any properties with a view to earning substantial income over time. So what are these key points that should be considered before jumping in to rent out your property for the fi...

Three Alternatives for Delegating on the Cheap

Investing
Every Investor, even the newbie, needs to delegate some tasks in order to allow enough time for the money-making activities that they should be concentrating on.Studies show that only 20% of what we do is focused directly on income-producing activity. Imagine how much we could earn if we refocused more of our work hours on those tasks critical to making money?What do we do with the other 80% of tasks that seem to consume most of our time? Well, some of it can be dropped as unproductive and unnecessary. The other tasks can be delegated.There are three inexpensive alternatives to finding help for your real estate business:1. Hire interns. Any entrepreneur near a college or university with a business, marketing, communications, or IT program will find bright, eager beginners who may even be e...

Opt For Refinancing – Save Money on Your Mortgage Payment

Mortgage Refinance
If you're unable to make payments for your existing mortgage loan or find that the interest rate in the market has fallen than the rate you are paying on your current mortgage, you can opt for refinancing. You may get a new loan of the same amount, keeping your same property as collateral.Why should you opt for refinancing?People opt to get refinance on their mortgage for several reasons. You may opt for refinancing, for any one of the following situations:1.If you have an adjustable-rate mortgage and you want to convert to fixed rate mortgage 2.If you want to convert your short term loan to long term, as you want to reduce your monthly payments 3.If you want to change your current high interest rate mortgage to a lower interest rate mortgage 4.If you have more than one mortgage and want t...

Live In a Rural Acreage With Astonishing Natural Beauty and Amazing Wildlife

Land
Since a long time cities have attracted crowds from the countryside to come and settle in the cities. There was a time when fewer people expected a reverse trend. However, there is a reverse trend taking place. Many people now prefer a peaceful country life. Whether it is the deep forests with plenty of wildlife, that attract you or mountains and grasslands with pleasant flora and fauna that you find inviting, rural areas have a charm of their own. It is the untouched beauty of nature that often attracts visitors from different places on a camping trip for a day or two. What pleasure it will be to live in the natural setting with opportunities for several activities to make your residence even more interesting.Rural acreage often hides great natural beauty that is waiting to be discovered....

Real Estate Marketing: Send Just Listed and Just Sold Cards

Marketing
Get exposure for your new listings and begin establishing yourself as "the neighborhood's real estate agent" by faithfully sending "just listed" cards to everyone in the neighborhood every time you take a new listing.If you're consistent with your mailings, before long you'll be known as the neighborhood expert - the one they call first! Use Publisher or a similar product to create a greeting card that fits into an invitation envelope... because people's curiosity will force them to open it. On the front of the card, use a photo of your new listing, with the words "Just Listed." Inside, explain that you're sending it to them in case they have friends or family who would like to move near them.If you've set a time for an open house, invite them to attend. Otherwise, invite them to contact y...

Reasons to Immigrate to the Algarve

Commercial Property
There are many reasons why it's worth immigrating to the Algarve, the first obvious benefit is the all year round warm climate, and so if you've had enough of the endless English summer rain, lack of sun and below average temperatures then the Algarve has the ideal climate to escape to.Remember the sun does exist outside of the UK, and what's more you can enjoy it throughout the year, with long warm summers and mild winters, in the winter temperatures never get below 12 Celsius, while the rainfall throughout the winter never gets above 72mm and you still can enjoy an average of 6 hours of sunshine per day.During the summer months temperatures get up to about 28 Celsius and you can expect to enjoy about up to 12 hours of glorious sunshine. Rainfall during the summer months averages about 1m...