An international consortium of investors has spent about 37 cents on the dollar to purchase a stake in a huge pool of non-performing loans seized from AmTrust Bank nearly 8 months ago when that institution shut down. According to the FDIC, the overwhelming majority – nearly 96% -- of the loans in the package are delinquent, and the consortium of Read full article »
Tag archives for Assets
Kiplinger Business Resource Center recently featured an article concerning auto insurance fraud and its correlation to economic downturns. I immediately saw a frightening correlation to legal problems for real estate investors, and I'd like to bring it to your attention. As it was used in the Kiplinger article, "Auto Insurance Fraud" refers to the act of purposely staging traffic accidents in Read full article »
Seven-Part Article Series on Self-Directed & Real Estate IRA Investing: This list is a great beginning to help you find the right self-directed IRA custodian for your assets. Be sure to read below our list of potential questions to ask these self-directed custodians as you perform your due diligence process.
I've heard an increasing number of reports about lenders who positively refuse to speak with their borrowers about loan modifications and/or impending foreclosures. I suspect a primary reason for this is that many lenders are waiting to see how the Bailout Bill will play out, and whether they'll be able to sell their toxic assets to the government without adjusting the Read full article »