The nation’s largest mortgage lender has announced it will close more than 400 branches in the next two years as its bottom line suffers in the wake of the fake-accounts scandal
Rise in mortgage expectations weakened home purchase sentiment
Real estate investors purchase tax lien certificates to collect taxes plus any accrued interest. It is an attractive investment, and many investors can receive a steady income while collecting their investment from property owners during the redemption period. As tax lien holders, real estate investors can receive a high return on their investment, because interest rates that accrue on tax certificates range between 5% and 36%. Many investors consider purchasing tax lien certificates as a potentially profitable investment, because most property owners generally pay the back taxes prior to the expiration of the redemption period.
The National Association of Realtors® today urged Congress and the Administration to develop a broadly-defined Qualified Mortgage (QM) regulation.
Finding what appears to be an excellent opportunity for a real estate investment deal may mean that you cannot get the money quick enough from a local lender. You have limited time to make good on the deal but need a way to come up with the cash to complete the transaction. You may need to find a hard money lender to be able to get the money.