(This is part 2 of our Subject-To Real Estate Investing Course. Enjoy!) Creative real estate investors have come to know and hate the "Due-On-Sale Clause". With good reason, too: It gave mortgage lenders the legal right to be unreasonable in being able to extend their rights beyond what would have been possible without the aid of some foolish Read full article »
Tag archives for Depository Institutions
Due-On-Sale Clause: Everything You Need To Know
category: Uncategorized
Garn-St. Germain Depository Institutions Act of 1982
At some point, you'll probably get curious about the Garn-St. Germain Depository Institutions Act of 1982 because it's the law that has a lot of very direct effect on real estate investors and our ability to perform subject-to transactions. It's also one of the primary reasons that "land trusts" became popular with investors. So to answer the question Read full article »
category: Uncategorized
tags: Amendments, Deposit Insurance Corporation, Depository Institutions, Federal Deposit Insurance, Federal Deposit Insurance Act, Federal Deposit Insurance Corporation, Financial Stability, Flexibility Act, Garn, Home Mortgage Loans, Housing Industry, Land Trusts, Lending Institutions, Liabilities, Mortgage Lending, Real Estate Investors, Second Session, Section 13, Sole Discretion, St Germain, United States Of America
Land Trusts – Misunderstood, Misapplied
One of the most common questions I receive after a person views my video training called Subject-To 101: The Basics Of Subject-To Investing is: "Do you use or recommend the use of land trusts with subject-to transactions?" Frankly, that question is a bit out of sequence, as there's a lot more to know about Subject-To investing before land trusts Read full article »
category: Uncategorized
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.