HUD

Don’t Compromise Your Real Estate Strategy for the Sake of Buying

by Ken Corsini | January 4, 2012

Many investors in recent months have noticed a decline in REO and HUD inventory in their markets. While some may speculate that we are finally working through the majority of the foreclosure casualties from the real estate crash, many analysts believe the lack of foreclosures on the market has more to do with government intervention. [...]

1 comment Read the full article →

Real Estate

Is your Seller Financed Note in RESPA Compliance?

by Kevin Kaczmarek | May 11, 2011

The two biggest gripes I hear from note investors is lack of proper documentation and lack of compliance. We previously discussed the importance of all your documents being in order. This ensures that your note has value to prospective buyers, yet, there is another component we cannot overlook- Seller Financing Compliance! You’re probably thinking this [...]

3 comments Read the full article →

Housing

Government Assistance to Investors, Interest Rates Spike, Purchase Activity Up

by Ryan Hinricher | December 13, 2010

Is the housing market turning a corner? Indicators show that not even the spiking interest rates are slowing the recovery. Also the government is considering programs geared towards assisting investors, and one bank is resuming 16,000 foreclosures. Government to Consider Helping Investors Real Estate Reporter for CNBC, Diana Olick discussed this week the potential for [...]

3 comments Read the full article →

Landlord Tenant

5 Reasons Why You Should Rent To Section 8 Tenants

by Shae Bynes | November 4, 2010

Real estate investors have a love/hate relationship with Section 8, a financial housing assistance program provided by the U.S. Department of Housing and Urban Development (HUD). I’ve heard horror stories about tenants completely wrecking properties, tenants moving large numbers of adults and children into the home, and other flavors of major drama. There are certainly [...]

93 comments Read the full article →

Real Estate

The Foreclosure Circus: Send In The Clowns

by Charles Feldman | October 18, 2010

—And, where are the clowns? Quick, send in the clowns. Don’t bother, they’re here.—Stephen Sondheim Indeed, the clowns are here! Or, to be exact, in Washington. With each passing day, we learn just what a sham the entire foreclosure process has been in this country. Banks and other lenders admitting they had low level employees [...]

2 comments Read the full article →

Real Estate

The Ten Best in RE.net This Week: August 7, 2010 Edition

by Dean Ouellette | August 7, 2010

1 ) Big news this week as rumors spread like wild fire about an An August Surprise from Obama? Would Fannie and Freddie really be willing to give principle reductions to all underwater home owners? This news caused a tidal wave of bloggers commenting and Tweeting about it. We heard on Friday that the Treasury [...]

2 comments Read the full article →

Real Estate Law

HUD May Limit SELLER FINANCING!

by Winston Westbrook | February 24, 2010

Attention my fellow investors! The Department of Housing and Urban Development (HUD) is considering a change in the rules that would in turn make seller financing a thing of the past. Yes, you heard me right! HUD may take the option away for those not licensed as a loan originator under the Federal SAFE MORTGAGE [...]

13 comments Read the full article →

Economy

Real Estate Thought Leaders at Inman Connect, Comment on Economy

by Ryan Hinricher | January 17, 2010

I was fortunate enough to attend the Inman Connect real estate conference over the last week in New York. Although I attended in San Francisco last summer, this year was different for particularly one reason. The mood was optimistic. The last 12 months has been hard on many of us in the real estate business [...]

13 comments Read the full article →

Commentary

New HUD Secretary, Shaun Donovan, Confirmed

by Rob K. Blake | January 24, 2009

The U.S. Senate confirmed Shaun L. S. Donovan as secretary of the U.S. Department of Housing and Urban Development (HUD) replacing former HUD chief Steven C. Preston. Donovan Bio Shaun Donovan was born in New York, is 42 and married. Donovan earned undergraduate and post graduate degrees from Harvard. This lead to positions at FHA [...]

3 comments Read the full article →

Real Estate Law

Breaking Down the HUD-1 Settlement Statement

by Joshua M. Marks, Esq. | May 27, 2008

The Settlement Statement, often referred to as the “HUD-1”, is a document that contains a detailed breakdown of the closing costs apportioned between the buyer and seller of property. Typically, the closing agent (often a representative from the title company), gathers the pertinent information, completes the Settlement Statement and disperses the required funds once the [...]

7 comments Read the full article →

Real Estate Interviews

Meet the Investor: Interview with Real Estate Investor and Landlord, Tom Cmunt

by Joshua Dorkin | March 21, 2008

We certainly have not been focusing on our investor interviews lately and we’re making a concerted effort to change that. We’ll start with an interview with one of our active BiggerPockets contributors, Tom Cmunt. Tom has given much of his time to help fellow BP’ers through our forums and has become a staple in the [...]

3 comments Read the full article →

Commentary

A Review of GovHomeUSA

by Joshua Dorkin | November 23, 2006

There are tons of great resources out there for real estate investors and I try my hardest to bring the best of the best to you all. I spent some time today exploring GovHomeUSA, a site that lists properties for sale by various agencies in the federal government, including those from HUD and the VA; [...]

1 comment Read the full article →