ICON Commercial Lending, Inc. 7086 South Highland Drive, Suite 250
Salt Lake City, UT 84121
1-866-956-5554
ICONmd@gmail.com
How to Find a Good Retirement Planner
Retirement is meant to be one of the finest times of our lives. Sadly , lots of folks are sick prepared for retirement that they finish up in misery when they reached their twilight years. If you’re one of those folks that are worried about your retirement, you must hire a good retirement planner to help set up your retirement fund. With the help of a good retirement planner, you can massively increase you possibilities of living a comfy life during retirement.
Why should you hire a retirement planner to help set up your retirement fund when you are covered under the social security system? In fact, social security coverage isn’t truly enough to cover for all of your wishes during retirement. Yes, you can get some money from your social security when you retire but with the high cost of living today, that money may not truly be enough to keep you comfy during retirement. If you do not need to live in misery during retirement, you must set up your own retirement fund while you are still working.
There are a number of things that you need to consider before you hire a retirement planner. You must see to it that the planner is reliable and knows his/her field well. Note that there are a lot of people out there who profess to be good retirement planner when in reality, they do not really know a thing about it! Before you hire the services of a retirement planner, check out his or her resume. You may also call some of the former clients of that person to get their opinion about the kind of service that they got from this person. If the former clients of this are mostly satisfied with his or her services, then you have found the right person to help you do your retirement planning. On the other hand, if you get mixed opinions on the ability of the retirement planner to deliver good service, dig deeper into the track records of the planner before you decide on anything.
Another thing that you need to consider before hiring a retirement planner is personality. Since you will need to work closely with this person, you need to make sure that you like this person. Meet with the retirement planner in person at least once before you hire his or her services.
Since the financial markets have been turned up-side down and banks are not lending, one method of financing has gained a lot of attention – securities based lending.
Click here for information about Non-Purpose, Non-Recourse Lending
For those with money invested in marketable securities, there is a golden opportunity to cash-in on the tremendous RE investment opportunities now available. Today, there are multiple commercial & residential RE properties available for about 30% to 50% of what they were only two years ago.
If you are a forward-thinking investor who wants to retain the future ownership of your assets as well as leverage the present value of your securities for immediate cash needs, securities lending (otherwise known as stock loans) can be a terrific program.
Click here for information about Securities Based Lending / Stock Loans
Who is a trusted authority to talk with about a Stock Loan?
In today’s current financial crisis, securities lending / stock loans are being utilized more and more to raise capital for individuals and companies. Therefore, it is important for you to have a trusted authority for this type of “non-recourse” lending.
Choose a lender who has a proven track record in providing world-class customer service to their clients. Choose a lender who is supported by a national network of loan professionals and other financial, legal, and research support personnel.
Choose a Full-Service Securities Lender who offers 100% Non-Recourse / Non-Purpose Loans, based upon stocks & other securities which can be used for both personal or business purposes.
Securities Lending is a long-established process. Collectively, hundreds of successful stock-lending transactions which have been executed involving the American Stock Exchange (AMEX), National Stock Market and Small Cap Stock Market (NASDAQ), New York Stock Exchange (NYSE), Over-the-Counter Bulletin Board (OTCBB), and certain foreign exchanges.
This is NOT the same as getting a “Margin Loan” with your securities broker. Generally, margin loans will not give you as much money against your stocks as private securities lending.
Click here for information about Non-Purpose, Non-Recourse Loans
For those with money invested in actively traded securities, there is a golden opportunity to cash-in on the tremendous RE investment opportunities now available. Today, there are multiple commercial & residential RE properties available for about 30% to 50% of what they were only two years ago.
Stock loans can be used to purchase RE or any other use – these are non-purpose / non-recourse loans.
For example, CEOs, CFOs or COOs, with large publically traded companies, who have large blocks of Corporate can leverage those assets to take advantage of investment opportunities.
This lending program is designed for a forward-thinking investor who wants to retain the future ownership of their assets as well as leverage the present value of their securities for immediate cash needs.
These loans are –
Simple & Quick – NO Credit Check / NO Income Verification
NO Upfront Fees / NO Closing Costs / NO Personal Guarantee
- Loans are “Non-Purpose” – loan can be used for virtually anything borrower wants to accomplish (personal or business)
- Loans are “Non-Recourse” – giving the borrower the opportunity to simply “walk away” if the collateral falls below a set floor amount
- High Loan-to-Values – up to 80% LTV (depending upon security); which is much higher than banks and brokerage companies can offer
- Loans are Interest Only – principal payment at maturity; otherwise loans can be refinanced or extended
- Low Fixed Interest Rates – usually between 2% to 4%
- Loan Term – minimum of 3 yrs; also 5 yr / 7 yr / 10 yrs
- Quick Funded – usually within 5 to 7 business days
Click here for information about Securities Based Lending / Stock Loans
2nd Mortgages are gone – what’s today’s new lending strategy?
Since the mortgage melt-down, lenders across America have mostly doing away with Stated Super Jumbo Seconds. There is no longer a secondary market to purchase this type of loan.
The sub-prime meltdown actually began in December 2006, when lenders did away with stated 100% investor loans and it has gone much, much further since then.
Estimated losses due to foreclosure of Adjustable Rate Mortgages actually adjusting this year and next year are in the billions, if not trillions, and lenders are responding by removing products from their portfolios.
Like anything else, the mortgage market is driven by supply and demand, and the supply actually comes from Wall Street Banks who are willing to buy closed loans from Mortgage Lenders. Previously, Wall Street had a seemingly insatiable appetite for sub-prime loans, “alt A” loans, and jumbo loans. (The press has combined everything that isn’t “A Paper” into the heading sub-prime, when actually sub-prime loans are loans with substandard credit, not non-conforming agency loans.)
Alt A Loans are loans that are A Paper loans, but with alternative documentation – stated income, stated asset, no doc, etc and therefore don’t meet Fannie Mae and Freddie Mac ‘s conforming loan underwriting standards.
And obviously Jumbos, Super Jumbos and Mega Jumbos could be prime, sub-prime or alt a loans, as far as the credit rating is concerned, and the documentation likewise could be any level.
The press and Capital Hill with their multiple legislation attempts have all lumped together any loan that is not fully documented, conventional loan limits and a plain vanilla 30 year fixed rate into the now hated “sub-prime” category. Neither the press nor the legislators have the time or inclination to learn the vagaries of the mortgage business and do their jobs “on the fly” as it were, and so, there is bad information and misinformation flying everywhere.
With the losses Wall Street Banks are experiencing in foreclosures of all kinds, they’ve lost their appetite for anything other than strictly “A Paper” loans. They aren’t buying much, and so, the supply of money for mortgages has gone to an historical low.
Click here for information about Non-Purpose, Non-Recourse Loans
Stated owner occupied loans for purchases and refinances are topped at 90% LTV; stated investor loans for purchases and refinances are also topped at 90%, and credit score requirements s for everything have gone up to levels previously regarded as pristine. That is, of course if your home is not a multi-million dollar purchase or refinance and then you are really looking at 65% to 70% max.
Estimates for the duration of this dearth of funds range from six months to two years. With the programs available for refinances, and talked about to become available for refinances, to the rational mind, it seems that this shouldn’t last forever. The strange thing is that borrowers who are in trouble don’t seem to be trying to do anything about their foreclosures because the numbers just keep getting larger every month.
FHA Secure for instance will allow a refinance of a mortgage already in default, with no regard for the late payments if they occurred after the loan’s interest rate adjusted.
The FHA is, in my opinion, the sub-prime loan of choice – the rates are as good as, conventional interest rates, and when that is combined with the fact that they IGNORE late payments, I would think people would be clamoring for those loans.
Additionally, if the value of a house has gone down during this market turbulence, and the property was originally bought with a first and a second, they will allow the second to stay, even if the LTV goes over 100%.
Fannie Mae and Freddie Mac are considering raising conforming loan limits above the $417,000 maximum presently allowed in order to assist borrowers in California (where less than $417K doesn’t get you much of a home). While this was regarded as a probability earlier on, it seems to have lost steam lately.
And finally, there is the possibility of a work out arrangement with the lender to whom one is late. While it may not be the perfect arrangement because at this point in time the fees allowable on forbearance workarounds are still very high, there is legislation pending that will limit the amount mortgage companies can actually charge for late fees, payoffs, forbearance, etc.
If you’re buying one of those million dollar bargains, be prepared to appear at the closing table with big bucks. If you’re interested in refinancing your ARM, Get BUSY. Opportunities abound, and the country is going to be in trouble if they aren’t refinanced.
For those with money invested in marketable securities, there is a golden opportunity to cash-in on the tremendous RE investment opportunities now available. Today, there are multiple commercial & residential RE properties available for about 30% to 50% of what they were only two years ago.
For example, CEOs, CFOs or COOs, with large publically traded companies, who have large blocks of Corporate stock or other marketable securities can leverage those assets to take advantage of investment opportunities. If you are a forward-thinking investor who wants to retain the future ownership of your assets as well as leverage the present value of your securities for immediate cash needs, this can be a terrific program.
These loans are –
· Simple & Quick – NO Credit Check / NO Income Verification
NO Upfront Fees / NO Closing Costs / NO Personal Guarantee
· Loans are “Non-Purpose” – loan can be used for virtually anything borrower wants to accomplish (personal or business)
· Loans are “Non-Recourse” – giving the borrower the opportunity to simply “walk away” if the collateral falls below a set floor amount
· High Loan-to-Values – up to 80% LTV (depending upon security); which is much higher than banks and brokerage companies can offer
· Loans are Interest Only – principal payment at maturity; otherwise loans can be refinanced or extended
· Low Fixed Interest Rates – usually between 2% to 4%
· Loan Term – minimum of 3 yrs; also 5 yr / 7 yr / 10 yrs
· Quick Funded – usually within 5 to 7 business days
Click here for information about Securities Based Lending / Stock Loans
Managing Changes to Workplace Productivity
One of the greatest challenges in management today is to persuade people to change their level of productivity. As humans we are a product of our normal behavior. Our habitual behavior is pretty much fixed and permanent change is very difficult to achieve.
Try thinking about this from the point of view as either a manager or a supervisor and you want to increase the productivity of your team. Before you even try this, learn a bit about why people do things the way they do. After all, if you increase productivity there has to be a change. Managing and leading change is not always easy. However, the more you understand about why people have difficulty changing, the better you are able to lead the change.
Look at yourself, you go to the same shops, you go to the same gas station, watch the same TV programs and probably get dressed in the same order every day. It’s almost like we need this pattern of behavior to give us a routine, some sort of stability, a way of doing things which does not require any thought.
When we translate that behavior to the workplace, or we run into problems because some people do things that we don’t want them to do. This is where we need to use techniques that involve influence and persuasion. Then we are faced with another problem. People will agree that they need to do things differently but find great difficulty in changing themselves.
The difficulty is caused by the way our brains operate. All our previous behavior creates behavioral patterns and our brain is wired to do exactly what we have done in the past. So much so, that if we know the way a person has behaved in the past we can almost guarantee that we can predict future behavior. It is that strong.
The latest research indicates that it takes around about five days to form a new habit provided it is repeated daily. These studies have considerable implications in the workplace. It means there is a possibility that workplace behavior can be changed through coaching and repetition in a short time. Originally, it was thought that the new habit takes 21 days to change.
Creating a new habit does not mean that the old habit has been cancelled. What it means that this choice is part of your everyday decision-making and it is tempting to shift back to old ways. Our old, strong, neural pathways are a powerful magnet for us to return to our old behavior.
To overcome the attraction of the old neural pathways we must consciously and intentionally repeat new behavior time after time and day after day until it can compete. This is why coaching on-the-job is so successful. For a manager or a supervisor, the key to successful change is the ability to coach your team daily to reinforce new habits of behavior.
To make a change in behavior requires an enormous initial effort because first of all we have to create new neural pathways in the brain and then fight off the temptation to return to old patterns of behavior. Once we have created the new neural pathways we have to strengthen them through regular usage and continual reinforcement.
To increase productivity requires change. It is strongly advised that you plan the change before you try and install it and develop your coaching skills.
For assistance with improving financial productivity, check-out the links below which may save you time & thousands of dollars in lending fees.
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Getting More Done – Increased Productivity through Better Processes
No matter how many hours you work, it’s the productive hours that truly matter. In addition to the obvious financial rewards, more production generally means better performance for the individual. The goal, then, is to get more done.
There are three (3) ways to increase the productivity:
(1) improved skills,
(2) increased leverage of others, and
(3) better use of the hours you’re working.
The first and second come with experience. The third will immediately produce results in hours gained. For discussion purposes, let’s break this down and look at this in “tenths of an hour”.
0.1 (hours) x 5 (days/week) x 45 (workweeks/year) = 24 extra productive hours
In other words, if you can improve your productivity by six minutes per day, you will do 24 more hours of work per year. That’s three full days!
Here are ways to gain more productive hours in the day, six minutes at a time.
Managing E-mail
Email is a terrific tool & killer application that was ushered in with the Internet era, but this can be a huge time sink. To gain valuable minutes throughout the day, fine-tune your use of e-mail by taking the following steps.
1. Turn off new message notifications.
These notifications are a huge distraction because they create internal noise: What am I missing? Oh, not another thing to do! Or worse, you instantly stop to look at the new message and lose focus on whatever else you’re doing. E-mail is an one-way communication tool. You do not need to know every time a message hits your inbox. It isn’t going anywhere! Simply triage your e-mail regularly (twice an hour or so) to stay abreast of what’s happening.
2. Remove your work address from personal lists.
Keep your inbox tidy and uncluttered to reduce the time wasted culling through it. Get rid of automatic feeds about the local weather report, the special of the day at your favorite online retailer, and the scores in the day’s sports events.
3. Get off unnecessary professional and interoffice lists.
These also represent a distraction from your work. Draft a polite, professional e-mail to the list manager asking to be removed if it’s not imperative that you receive certain e-mails. Likewise, unsubscribe from e-publications you don’t read. Most professional purveyors provide a simple Unsubscribe mechanism for this. Take advantage of it. You can always re-subscribe later if you find it necessary.
4. Spot review your inbox from home.
Yes, you’re working away from the office after hours, but this is the new professional landscape. If you can quickly reply to simple requests and handle just a few small items in the evening, then in the morning, they’ll be on someone else’s desk and not yours.
Sequestering
It’s not just for juries, you know. The idea is to find a place or process that provides you with uninterrupted time to get top-priority work done. This doesn’t mean holing up all day, or leaving the country. You’re looking for a defined period each day or week – say one to two hours – when you are able to focus on the tasks of highest concern. Here are some specifics.
1. Privatize your office.
Close your door and put your phone on “Do Not Disturb”. If people continue to interrupt you, put a DND sign on your door. You can make it light-hearted, such as “Great Mind at Work, Please Don’t Knock” or “Out to Work, Back at X:XX Clock”, but make it clear.
2. Establish a secondary workplace. If your company has an unoccupied or unassigned office, go there. If the company or office building has a small conference or caucus room, go there. Any empty office space will do. Take only the things you’re going to work on, and sit down and do them.
3. Try some one-hour telecommuting.
Consider coming in late or going home early to gain quiet work time one day a week. But remember, if you’re going to do this, you must genuinely commit to getting the work done. Any temptation to dally will undermine your objective of increasing performance, so be very careful.
4. Learn how to say, No.
Inevitably, you will still be hunted down or interrupted on many occasions. This is when it is imperative that you politely but unmistakably explain that you’re not currently available and you’ll get back to the person posthaste when you are. It’s an opportunity to retrain those you work with or those you are enlisting help from to increase your productivity.
Upgrade Your Work Space
There are a number of things you can do to improve the productivity of your physical work space. Most are very simple to implement, but each will pay a large productivity dividend.
1. Do not face the door.
Reposition your desk so you are not facing the open door. The problem with facing the door is that you tend to look up whenever someone passes by. That’s becomes a constant mini-interruption and it’s completely unnecessary. Worse, the person walking by may catch you eye and stop to chat!
2. Identify a designated work area.
Pick one area on your desktop – your computer table or desk return as your designated work area. This area should be devoid of ALL other working materials. Each file and pile in the vicinity of your designated work area is another distraction. This way, you’ll keep yourself from thinking – Oh, I’ve got to do that, and Oh, I’ve got to do that too! Keep the designated work area free of those self-inflicted distractions.
3. Create a filing system for open projects.
Most people use the stacks and piles model for keeping track of what needs to be done. These seemingly innocuous papers are either neatly or not-so-neatly scattered about the office. A well organized filing system is easy to maintain and a much more efficient workflow method. Every minute spent digging around in the piles is a lost minute of productivity.
Implementing some or all of these suggestions will definitely increase your productivity. Better productivity will improve your effectiveness and sense of accomplishment. In turn, your increased accomplishment will produce greater career satisfaction.
Also, be more productive with your time dealing with financial matters. Checking out the following links may prove very useful to you.
Click here for information about Non-Purpose, Non-Recourse Loans
PRESS RELEASE – SEC to Hold Securities Lending and Short Sale Roundtable
SEC to Hold Securities Lending and Short Sale Roundtable
FOR IMMEDIATE RELEASE
2009-196
Washington, D.C., Sept. 11, 2009 — The Securities and Exchange Commission will hold a roundtable about securities lending and short sale issues on September 29 and September 30.
Additional Materials
The roundtable will feature an in-depth review of securities lending practices and also analyze possible short sale pre borrowing requirements and additional short sale disclosures. Panelists are expected to include investors, corporate issuers, financial services firms, beneficial owner lenders, lending agents, borrowers of securities, self-regulatory organizations, international regulators and the academic community.
The roundtable agenda is available. The list of panelists will be announced at a later date.
The roundtable discussion will be held in the auditorium at SEC headquarters at 100 F Street NE in Washington, D.C. On September 29, the roundtable will focus on securities lending issues and take place from 9:30 a.m. to approximately 4 p.m. On September 30, the roundtable will focus on short sale pre-borrowing and additional short sale disclosures and take place from 9:30 a.m. to approximately 12:30 p.m.
The public is invited to observe the roundtable discussion. Seating will be available on a first-come, first-served basis. The roundtable discussion also will be available via webcast on the SEC Web site.
For additional information about the roundtable, contact the SEC’s Division of Trading and Markets at (202) 551-5720.
Click here for information about Non-Purpose, Non-Recourse Loans
Documents You Need To Avoid Foreclosure
When homeowners or their legal advocates are performing research on a mortgage, there are numerous documents that may help inform their case against a mortgage company.
These can include mortgage documents, information available in the public record, and other information found through fighting a lawsuit in the courts. Thus, borrowers should be aware of these various categories of documents and how they can help in defending a home.
The original mortgage documents are the most important in defending against a bank’s foreclosure attempt. If there are any mistakes or fraudulent aspects discovered in these, the entire loan may be invalidated or a court-ordered loan modification plan may be put into place.
It is estimated that over 85% of all residential mortgages funded over the past 7 years are non-compliant or fraudulent. Signs of abusive lending or clauses that may provide remedies to foreclosure should be searched for by the borrowers. A Forensic Loan Audit will best determine if a loan is non-compliant.
There are five documents that homeowners may wish to consider the most important when they are searching for the original paperwork. These are the following:
- HUD-1 Settlement Statement
- Truth in Lending disclosure and Rescission Notice
- Note for the loan
- Deed of Trust or Mortgage
- Appraisal
If a mortgage servicing company is involved in the collection of the payments on a monthly basis and responsible for the foreclosure process, homeowners should begin collecting documents related to the servicing. Servicer abuse is rampant, as the entire industry was set up from the beginning to prey upon homeowners and reward corrupt or fraudulent companies for pushing people into foreclosure.
There are several documents that homeowners should attempt to obtain from servicers and compare with their own copies of documents and calculations.
- Payoff Statement
- Complete payment history
- Contact history and notes on the account
- Disclosure of current owner of underlying loan
- Servicing transfer notice(s)
- Pooling and Servicing Agreement (PSA)
After obtaining the documents from the original lending transaction and relevant information from the servicing company, homeowners should begin to look into public records. The bank, its attorneys, and any potential bidders will examine public records to find out as much as possible about the owners and the property. Borrowers should do the same to research the lender, servicer, and owner of the loan.
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Searching public records can present endless sources of information for homeowners in researching mortgage companies. Just a few ideas are listed here:
- Land records from the county recorder
- Securities and Exchange Commission documents
- Complaints against companies with regulatory agencies
- Record of company through Better Business Bureau and other advocacy groups
- Records of other lawsuits the bank has been involved in
- General internet searches
- Corporate documents and accounting statements
Before going into court, these documents can help homeowners begin to build a decent case for why a foreclosure should not allowed to go through. There are also numerous other documents that can be obtained in the discovery process in court, which will be covered in a later article. The types of documents and the purposes for each in the defense of the home present vast potential for homeowners trying to stop foreclosure.
Just like lenders examine borrowers’ records to determine if they will qualify for a loan, homeowners should go through the exact same series of steps to determine if a bank has a legitimate right to foreclose or not. In many cases, they may uncover enough irregularities in the loan to force the bank into a mortgage modification or, if that is not offered or appropriate, have the entire foreclosure lawsuit dismissed out of court.
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Adverse Credit Is No Barrier for An Adverse Credit Loan
There is an increasing range of borrowers who have a pile-up of debts and to complicate the matter they are labeled as dangerous credit also. Which means relief from debts becomes every one the added a tough task.
These individuals need to not loose heart anymore. Unhealthy credit debt consolidation loans are notably created suitable for them keeping their money background in consideration. On taking unhealthy credit debt consolidation loans, the borrowers can revitalize their credit history. The loan is on the market trouble free and on easier terms plus conditions provided borrowers make sure of its key aspects.
Bad credit happens to a borrower when he fails to clear loans on time plus need to face cases of payment default or County Court Judgments. This is reflected in the credit score of the borrowers. A bad credit score on FICCO scale is 580 or below in a very scale starting from three hundred to 850. Credit score of 720 plus higher than is taken into account as safe plus sound for giving loan.
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Thus, before you ask for bad credit debt consolidation loans, you had best check your credit score. If it looks on negative territory, make some enhancements in it. Have your credit report made error free by an expert.
Pay off those easy debts to enhance your credit score. The enhancements not only increase your credit score but more than which impresses the lenders that you simply are serious towards clearing debts. Don’t forget a better credit score can be useful in availing the loan at best terms and conditions.
Debt consolidation is each one about bringing your assorted loans taken from other lenders beneath one lender so which a new loan obtained at a lower interest rate may be employed in clearing debts of higher interest rates immediately. Unhealthy credit debt consolidation loans are available in secured plus unsecured options.
To go on secured unhealthy credit debt consolidation loans, borrowers ought to supply collateral in the shape of any property such as home, vehicle, jewelry etc to supply loan security to the lender. With the loan well secured, lenders don’t take serious note of unhealthy credit plus even ready to offer bigger amount of loan depending upon the bigger equity during the collateral. When secured, the loan may be availed at lower interest rate. The compensation term also can be longer to the relief of the borrowers.
In cases of no collateral offered or taking unsecured dangerous credit debt consolidation loans, the borrowers ought to satisfy the lender with proof of their sound income supply and good financial position. If the borrowers fail to provide the proof then the loan amount can be smaller and interest rate additionally may be higher. To these individuals lenders give a shorter compensation term.
But, if borrowers search for an appropriate loan package and compare the available lower interest rates, they can take a cheaper loan as regarding their budget. Thus, it is suggested to apply on-line for unhealthy credit debt consolidation loans.
If arranged properly unhealthy credit debt consolidation loans enable you to regain monetary health.
Bulk REO Investing in The Mortgage Meltdown Era
According to bulk reo expert Salvatore Buscemi, Bulk REO Investing is proving to be one of the most lucrative fields of investment during 2009 and beyond. Bulk REO Investors profit by purchasing groups (commonly called “portfolios”) of properties from lenders who have repossessed the properties and have urgent need to release pressure from their balance sheets. Due to the urgency of the balance sheet needs of the financial institutions coupled with the investor’s ability to buy a package of REO properties rather than individual properties, it’s frequently possible for a well-capitalized bulk reo investor to acquire REO packages at extremely attractive prices.
To get the full details, I chatted with Salvatore Buscemi of New York-based distressed asset hedge fund Dandrew Capital Partners.
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“Dandrew Capital works by making offers to financial institutions on the basis of a percentage of unpaid principal balance. This means that if we make an offer of 60 cents on the dollar for a package of mortgages with a remainder of ,000,000 in principal balance, then we’ll pay ,800,000 to acquire that package” says Buscemi. There are probably few people who are better positioned for the present economic downturn than Salvatore Buscemi and Dandrew Capital Partners. “Several years ago, everyone in the financial world thought that there would be no end to the booming real estate market. That made it very challenging for us, since we began marketing our distressed real estate asset fund before the real estate market began to fall apart.”
But Buscemi is obviously on the right side of the market trends. “Clearly, our strategy has been vindicated. Our fund is fully subscribed and we have plans for starting another fund exclusively for foreign investors.
What is particularly interesting about the way Dandrew Capital monetizes their property investments. “At the conclusion of our reo portfolio transactions, we own multiple properties which must then be monetized to bring a return to our fund. To do this, we resell our properties to retail home buyers via seller financing. By cutting traditional lenders out of our transactions, we are able to sell our properties quickly and at very attractive terms” says Buscemi.
The future seems quite bright for astute Bulk REO investors.
This article was originally published on BryanEllis.com. It is republished here with complete authorization of the appropriate copyright holders.
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Real Estate Investing in 2009 And Beyond
A number of things likely come to mind when you think of real estate investing. You likely leap to real estate investing as real estate portfolios and real estate retirement plans, and then you may expand to thinking of short sales, bulk reo investing or virtual real estate investing. You may also wonder what type of role these things can play in your life as a real estate investor in different types of economy.
You can learn a lot about real estate investing. Getting the most out of real estate investing education involves being familiar with basic RE info. Whether your target is short sales, bulk reo sales, virtual real estate or improving real estate investor abilities, you need to know some real estate investing basics. Review these three real estate investing basics that even some experts don’t yet know:
1. You always will get a positive result from investing in real estate investing education. Every good real estate deal represents thousands of dollars in potential wealth. Getting the wealth is the key to your success. Learning about real estate increases your odds of success when you do a real estate deal. Small investments in education yield big results upon implementation.
2. You can succeed in real estate investing regardless of the state of the economy. Many people think (wrongly) that you can only succeed in real estate when the economy booms. In reality, a bad economic situation is not bad for real estate investors. Likely you will be able to find properties at deep discounts. You might also find deals that simply would not exist in a booming economy. In fact, real estate investing can turn the tide for a poor economy. When an economy is less than thriving, short sales, bulk reo sales and virtual real estate can prosper. You can save yourself and others from major financial woes if you know how to do these deals.
3. You do not need a lot of money to be a successful real estate investor. You can succeed in the real estate investing arena no matter how much money you are working with. There are a lot of deals that you can do with other people’s money. Private lenders will let you use their money if they know that you are a good investment. The best way to look like a solid investment is to have an in-depth knowledge of real estate investing. This will help you represent yourself as a good investment to private lenders who do not know how to make money in real estate investing.
A good deal of wealth can be generated with real estate investing. You will be able to create an income no matter what the economy. You can create success for yourself using knowledge of real estate investing, short sales, bulk reo sales and virtual real estate. Real estate investing basic knowledge will help you succeed as a real estate investor.
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Choosing Your New Credit Card
The choice of credit cards on offer today is huge – ranging from established banks to stores developing their own credit cards for shoppers as part of their market penetration. You need to confirm that the one you choose is good value and appropriate for the type of lifestyle you have and your spending activities.
Therefore, why do you think you in fact need a card, by the way? For most, it is a avenue of paying for products and services whilst leaving the pay-check in the bank – thus enabling it to gain interest at the month end when you pay off your credit card bill. Meaning that every month your paycheck can make you a bit of interest.
More use their credit card in order to obtain quick cash from an ATM, specifically when they’re away from home for work or on a trip. Whatever your justification behind a credit card, then ensure that the one you select has the best likely charge rate for these instant cash withdrawals.
Many individuals use their card for making transactions over the Internet or just to have handy for those ‘emergency’ conditions that might pop up at a time when the bank balance is very low to cope with it.
The crucial first fear you must have when choosing your card is that of the APR – Annual Percentage Rate imposed by the card bank on any outstanding that you have on your account. It could be that the card you opt for has an ‘incentive’ offer when you join giving free credit for a period of time, but still check to see what the APR is going to be when that incentive period finishes. These APRs may differ between various cards, so it does benefit you to analyze them entirely so that you can pick a credit card with the best APR feasible.
You must also think about the payments that the card will need on a monthly basis. Conclude whether you want to pay off the entire balance, in full, each month or to pay the minimum amount at intervals. Check what flexibility the card on offer~has accessible~provides} for you. It is usual for cards to have a minimum payment of approximately 3%, but they can alter greatly. Likewise, confirm to see how long your ‘0 interest free credit card’ period is, as this is another means of keeping your repayments low.
Simultaneously, look out for wonderful starting rates, transfer rates from your other cards, and any other extras that new account holders can profit from. There are many fantastic promotions available – even better if you hold a high credit history already.
It’s possible there might well be other benefitss} for credit card holders that can bring you considerable gains. Many credit cards now generate their own usage points, air miles or simpy give cash back on some purchases. Consider which of these incentive deals offers you the best possibilities.
Focusing on each of these decisive factors should afford you to choose a card which will be flexible for your needs and enable you to gain from holding it. Careful use of your card, and, above all, careful regulating of your spending, will keep your credit score high and open up the benefits of being proposed even greater credit prospects in time to come.
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Real Estate Investing Basics For Today’s Market
When you think of real estate investing, a number of things may come to mind. You likely leap to real estate investing as real estate portfolios and real estate retirement plans, and then you may expand to thinking of short sales, bulk reo investing or virtual real estate investing. You probably also wonder how these things play out in real estate investors’ life in the current economy.
You can learn a lot about real estate investing. Getting the most out of real estate investing education involves being familiar with basic RE info. Whether you are interested in short sales, bulk reo sales, virtual real estate or just improving your abilities as a real estate investor, you need to know some real estate investing basics in order to succeed. Review these three real estate investing basics that even some experts don’t yet know:
1. Real estate investing education is a true investment that always has a positive yield. Every real estate deal has the potential to create thousands of dollars in potential wealth. Getting the wealth is the key to your success. Learning as much as possible about real estate will increase your odds of success whenever you do a real estate deal. A small investment in education has the ability to yield big results when it is implemented.
2. You can succeed in real estate investing regardless of the state of the economy. Many people are under the misconception that success is possible in real estate only when the economy is good. In reality, poor economies are great for real estate investors. Likely you will be able to find properties at deep discounts. You might also find deals that simply would not exist in a booming economy. Real estate investing may also turn the tide for a poor economy. When the economy is not thriving, short sales, bulk reo sales and virtual real estate can all thrive. You will have the option of saving yourself and possibly others from serious financial difficulties if you know about these types of deals.
3. You do not need a lot of money to be a successful real estate investor. You can succeed in the real estate investing arena no matter how much money you are working with. There are lots of types of deals that you can perform with the money of other people. If you look like a good investment a private lender may let you use their money. The best way to be a good investment is to know as much as possible about real estate investing. This will enable you to show people who have money for real estate investing but may not know how to use it that you are a good investment.
Real estate investing is a great way to create a good amount of wealth. You can create an income in any economy. By using a base of knowledge of real estate investing, short sales, bulk reo sales and virtual real estate you can create success for yourself. You will be helped to succeed as a real estate investor by knowing real estate investing basics.
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Government Grants To Quench The Impact Of Natural Calamities
Recent wild fires at the Southern California unleashed the hopes of victims affected severely by unforeseen disasters or tragedies as the interest began to grow towards programs set aside by the government to quell the impact of natural disasters.
There are several programs at the disposal of government for it to immediately direct them in case of any natural or man made disaster. Government reacts towards natural disasters in two ways: firstly the center and the state governments programs are ignited automatically by presidential or gubernatorial proclamations and secondly state government after assessing into implications and complications of the disasters decide if there is any special assistance required for that particular disaster.
To provide assistance to businesses and individuals suffering from disasters, the state has started many local assistance centers through which it provides various grants and loans to the affected people according to their requirements. Hereby, the Federal Emergency Management Agency (FEMA) conforming to the memorandum of understanding with the State of California manages the program for suffering individuals and households. This program is known as the Individuals and Household Program (IHP) providing grants to the disaster affected persons to the tune of $28,800. This program is initiated at the behest of the presidential declaration of emergency.
Besides, The Department of Social Services (DSS) also has State Supplemental Grant Program (SSGP) to help individuals by providing additional funds but only to those who meet the federal IHP requirements and who had incurred the loses more than $28,800.
The whole cost involved in this program is incurred by the state. The maximum grant under this state funded program is $10,000. Any one affected can avail of the grant despite of belonging to any income category but this grant is provided only as a last resort. In other words this grant will only be released if every grant source either government or private or any other government programs or insurance could not cover the cost of the damage.
Yet another National Emergency Grant Program is provided at the discrete of the Federal Department of Labor that provides funds to the workers who have been temporarily unemployed or dislocated on account of the natural disasters like earthquakes, floods, freezes, or fires. These funds are required for creating temporary employment on projects like repairing of broken roads or buildings, cleaning up after damages, renovating, reconstructing of public structures providing facilities for lands in the vicinity of the communities affected by wildfires.
These funds create the space for the disaster affected individuals to sustain themselves as under the various projects government is providing them food, clothing and shelter and any other kind of assistance according to the severity of the damage. Other grants like FEMA Disaster Assistance aids the people with grants with the help of which they would set their place for shelter and fulfill other needs like establishing of the temporary costs and repairing and replacing damaged homes. Besides, it also meets the cost of other expenses like medical, funeral, heating, clothing, vehicle, legal, and even traveling costs.
It is duty of the government to again rebuilt the lives of people enabling them to again make their entry felt in the main economic stream refurbishing not only their own livings but also the economy as a whole.
John Goldman is one of the foremost advisors in matters relating to Government Grants and Financial Aid. To learn more about government grants and how to apply for them http://www.governmentgrantusa.org the Government Grant USA website
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Why End the Federal Reserve?
Most people today do not understand where inflation comes from, how our money is printed, and who is in charge of printing our money. To make it worse the average American does not even know what the Constitution says about our government and money.
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To keep it simple, the United States Constitution says in article 1, section 8. “[Congress shall have the power..]To coin Money, regulate the Value thereof, and of foreign coin, and fix the Standard of Weights and Measures”. The Constitution does not give Congress the authority to print paper money themselves, let alone delegate control over monetary policy to a central bank.
Before the mid-twentieth century our currency was backed by an asset, more importantly it was backed by gold. For the longest time in our country the dollar was worth 1/20 of an ounce of gold. After the Federal Reserve was created in 1913 our government went on a mission to not only eliminate the gold standard but confiscate the gold from its citizens as well.
So you may ask why, why would the government do that? Why would they disregard the Constitution? Well it wouldn’t be the first time and probably not the last. The simple answer to those questions is this: When an asset such as gold backs money, government deficit spending is severely limited. With the creation of the Federal Reserve we have given the government the ability to have money printed out of thin air.
Like G. Edward Griffin said, “if you give someone the power to create money out of thin air, don’t be surprised when they create money out of thin air”. The world we live in today goes like this- The Federal Reserve prints our money and lends it to our government at interest. This loan is guaranteed by the taxpayers.
It is not a coincidence that the income tax was created in 1913, the same year the Federal Reserve act of 1913 was passed by congress. The Federal Reserve is a private bank held by private stockholders. We cannot audit the Federal Reserve. It is not owned or run by the taxpayers or the federal government.
I say “let’s end the Federal Reserve”. Congress does have the power to do that and we should demand that they do it.
Below is some quotes and text. There is a Federal Reserve Abolition Act that was brought to committee. It is called The Federal Reserve Board Abolition Act (H.R. 2755). It is still sitting in committee in congress. For many bills, this is the closest they will ever come to actually being debated on the floor of congress. We the people need to write our congressmen and demand they co-sponsor this and take it out of committee
Quotes:
G. Edward Griffin quotes:
“Inflation has now been institutionalized at a fairly constant 5% per year. This has been determined to be the optimum level for generating the most revenue without causing public alarm. A 5% devaluation applies, not only to the money earned this year, but to all that is left over from previous years. At the end of the first year, a dollar is worth 95 cents. At the end of the second year, the 95 cents is reduced again by 5%, leaving its worth at 90 cents, and so on. By the time a person has worked 20 years, the government will have confiscated 64% of every dollar he saved over those years. By the time he has worked 45 years, the hidden tax will be 90%. The government will take virtually everything a person saves over a lifetime”.
Rep. Ron Paul to Congress:
“Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.”
“In fact, Congress’ constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.”
On November 22, 2008 thousands of people rallied to protest the Federal Reserve. The Rallies toke place from Washington D.C. to San Francisco.
If you are interested in joining the protest and help bring awareness to the biggest scam in American history visit EndTheFed.us
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