Bank of America’s refusal to participate in foreclosure prevention programs even though it accepted $25 billion in TARP (Troubled Asset Relief Program) money has plaintiffs in St. Louis, Connecticut, claiming that the beleaguered lender broke faith with the U.S. Treasury and let borrowers in foreclosure down. The lawsuit, which was filed today, is similar to suits brought against BofA by Read full article »
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There may be nobody who knows more about how to get individual investors into the student housing business than Doug Fath - but you probably already know that. Recently when I was speaking with him, he shared several ideas with me that were clearly the result of his experience in this business... ...I'd like to share them with you now: Parents Read full article »
Buyers Finding that “Cash In” Refinancing and Retiring Old Mortgages can Result in Twice the House for the Same Money
While the media is full of stories on underwater borrowers walking away from their homes, some homeowners are actually seizing the opportunities presented by today’s lousy seller’s market and record-low interest rates to refinance – with money at closing – or even trade up on their existing homes. If you have the wherewithal to “retire” your old mortgage, you can Read full article »
New Tax on Real Estate Investors Helps Pay for Healthcare: Will Your Real Estate Investing be Impacted?
Now that the administration’s healthcare bill has passed, things are kicking into gear. The Republicans are amping up their campaigns on reversal and repeal; the Democrats are working on setting the thing in stone, and homesellers are getting ready to “do their part,” (like it or not) by making a little less money on the sale of their properties. While there Read full article »
If you own rental properties that are amenable to tenants that are disabled or senior citizens, then make sure they know that in some states your property taxes make it possible for them to receive a property tax credit even though they do not own the home. In Missouri, there is currently an outcry because a number of low-income disabled people Read full article »