More than 20 organizations representing thousands of banks, credit unions, and other financial institutions have petitioned Congress
The federal mortgage authority sold a tranche of more than 1,200 seasoned geographically diverse loans
Many States such as Nevada, Arizona, and even Utah are imposing stiff fines for paying broker fees on residential hard money loans.
In today’s lending environment, a loan from your friendly banker on an investment property is nearly impossible to get. Many investors have held onto their income-producing investment properties through the meltdown in real estate.
In my last article, I walked you through the second step of my seven steps for building a strong, profitable partnership with top-producing Realtors.
California, which has been called the “epicenter” of the foreclosure and mortgage crisis by Attorney General Kamala Harris, was one of the states hardest hit by the economic meltdown and real estate crash brought on by the latest financial crisis. According to a recent report, in 2011, seven of the nation’s ten cities hardest hit by foreclosure were in California.