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HUD and Yield Spread Premiums
October 3, 2001 The recent decision of the US 11th Circuit Court of Appeals in the case of Culpepper vs Irwin has suddenly swung the spotlight on HUD policy regarding yield spread premiums (YSPs) retained by mortgage brokers.  To this date, HUD has been impotent in dealing ... more...

HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US.  As usual, the proposals were open for comment, and many thousands of them were received.  Mine was among them, and is shown ... more...

sell your home wholesale loans income real estate loan related definitions

Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more...

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

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Starting Your Home Based Business On A Shoestring Budget
Whether seeking a supplemental income or a full-time income, many folks have undertaken the task to discover a viable home based business solution to meet their personal needs.For most folks who contemplate a home business, a low-cost or no-cost solution is not only nice, but also very necessary ... more...

Guide to Homeowner Loans
Here is a useful guide to Homeowner Loans. A Homeowner Loan is a loan secured against your home. Homeowner loans can help you unlock capital tied up in your home. They offer solutions that many other loans do not offer, like long repayment terms. Homeowner loans are secured against your home which ... more...

Should I Invest in Real Estate While Running an Internet Business?
Of course you should. I practice this for quite a while and I never looked back. I think this is the perfect combination. You get the best of both worlds. Did you know that 90% of all millionaires made their fortune with real estate and 10% with the internet or the stock market? Well, this doesnt ... more...

The Debt Free Lifestyle
Many people have been taught that you cannot get ahead without debt. We are also inundated with advertising telling us we can have anything we want. All we need to do is put it on our credit card.We have become an impatient society, we want it right now. We have lost the ethic of working for ... more...

The 'Truth' About Real Estate Preforeclosure Profits
If you want to make BIG money in the Real Estate Business you must know the 'truth' about preforeclosures; not only do you need to know exactly what preforeclosures are, but you also have to learn how and when to invest in preforeclosures.As an investor you'll have to understand and be up-to-date ... more...

Selling Property - Valuing Your Property
Selling property privately has many advantages over using an estate agent. However estate agents can provide useful local information not available from the internet. Despite this many who have sold there home privately have benefited from the following: Saving thousands in commission Savings in ... more...

For Sale By Owner - Use This Tip To Sell Your Home Quicker and At a Better Price
Your house is for sale by owner (fsbo), Along with columns of countless other FSBO's in the Sunday paper. This one little trick will enable you to have your Ad Noticed by more potential buyers. More buyers means you to sell your home quicker and at a better price.Have you ever gone to purchase a ... more...

The Costs of Transforming Your Home into a Buyer's Dream House
Turning your house into the home of a buyer's dreams doesnt have to cost a great deal of money. In fact, armed with some paint and the determination to work hard, most home sellers usually need to invest only about $500 to spruce up their homes for a quick sale.A little paint, inside and out, and ... more...

Housewarming Gift Ideas - What is Appropriate?
A friend of yours has just made the transition from renter to homeowner. So what to give as a housewarming gift? Friends that you are close with are the easiest. You want it to be personal, memorable as purchasing the home was.You can wait for the housewarming party or you can take the initiative ... more...

Real Estate Investing: Short Sale Package 101
I have been asked many times during my travels to conventions about the all important short sale package. First, a short sale package is what the bank or lending institution asks for before taking a discount on the 1st, 2nd, or even 3rd mortgage. The package includes many things that are ... more...

Top Tips for Selling a Home during Holidays
-Consider potential buyers spiritual backgrounds in your market before decorating for a holiday.-Minimize holiday decorations to keep focus on your home and it's features and benefits.-Less is more when decorating a home for the holidays while you are trying to sell. Streamline the amount of ... more...

For Sale By Owner, What Are You Really Saving?
WHAT ARE YOU REALLY SAVING WHEN YOU SELL YOUR HOME YOURSELF?Most people who try to sell their homes themselves, will put "Brokers Welcome" in their ads, fact sheets and flyers. That is a great idea, considering that over 90% of all homes sold, are in fact sold by real estate agents, even For Sale ... more...

Bankruptcy: What's the Difference Between Chapter 7 and Chapter 13?
When consumers contemplate the option of bankruptcy generally, the remedy they are specifically referring to is chapter 7 bankruptcy. The effect of the filing is to discharge someone saddled with debt from having to pay debts no longer secured with a valid lien. It also has the added benefit of ... more...

Rehab Foreclosed Houses the Right Way and Keep All the Profits!
I've been teaching people how to buy foreclosure properties for a long time.And we all make the biggest profits on the deals that we rehab the right way.But this does NOT mean what you might think!The right way to rehab any property is by using a new business credit card or business line of credit ... more...


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