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Sweeping legislation offers some relief for home, mortgage markets
Aims to stem tide of foreclosures
 
Thursday, July 31, 2008
By Patricia Sabatini, Pittsburgh Post-Gazette
Post-Gazette
The housing bill signed into law by President Bush yesterday aims to prop up the hobbled home and mortgage markets and stanch a flood of foreclosures.
But provisions targeting consumers aren’t just for people on the cusp of losing [...]

Special Report Mortgage Meltdown
Home buyers may find big savings in locking in mortgage interest rates.
 
By Les Christie, CNNMoney.com staff writer
August 4, 2008: 4:21 AM EDT  
NEW YORK (CNNMoney.com) — With mortgage interest rates on the rise, home buyers can save considerable cash by locking in a reasonable rate deals when they find one.
During the housing boom, interest rates were extremely low - [...]

Dallas real estate market is nation’s most stable - Says Joan Severson Plano TX Realtor
Dallas, Texas (WiredPRNews.com - Press Release) – The sluggish economy, weakening dollar and soaring oil prices have taken their toll on American in every aspect of their lives. One of the most notable markets that the economy has severely bruised is the real [...]

Lance Puig, York Street Properties, Inc.
It is important to remember that the press is basically in the business of selling newspapers. With that being said I feel that the “national” media has been some what overzealous about reporting on declining real estate values this past year.  The numbers being reported are often sensationalized and usually do [...]

Lance Puig, York Street Properties, Inc
One thing to remember when you invest money in a trust deed as a private mortgage lender is that there are no real estate tax shelters for lenders, only for property owners. As a private mortgage lender you are responsible for the taxes on all earned interest which is treated [...]

Lance Puig, Yorkstreet Properties, Inc.
If you are a private mortgage lender or trust deed investor, once your investment has been placed you should at minimum have the following four items in your file:  A recent appraisal, the signed note, the deed of trust, and the current evidence of hazard insurance.
The appraisal is an important document [...]

Lance Puig, Yorkstreet Properties, Inc.
One issue of great importance for private mortgage and trust deed lenders is the ability to define your borrower’s exit strategy.  This should be clearly communicated to you prior to placing the loan.  When you are lending money on real property, and you are expecting a return as a private mortgage lender, it is [...]

Lance Puig, Yorkstreet Properties, Inc.
When you lend money as a PML to a borrower that will use your money to fund a real estate business (e.g. developer, house-flipper, etc.) it is a great idea to always ask your investor to provide you with some case-studies from previous transactions. By doing so, you will have a better understanding of their [...]

Lance Puig, Yorkstreet Properties, Inc. 
When you lend money as a Private Mortgage Lender or PML, be sure to always use a licensed title company to facilitate the transaction. If you are working with a reputable title company they will be diligent in recording the transaction with the county recorder that day. Personally, I recommend that [...]

By Lance Puig, Yorkstreet Properties Inc.
With the nation’s financial institutions being squeezed by the current credit-crunch many institutional banks are hesitant about taking risks. Yet it is my belief that the current market landscape will continue to benefit those interested in investing in both short- and long-term private mortgage loans. Where many people nowadays only [...]