Carleton Sheets - *Best-Selling Author
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Tag >> Lender
Posted by: Carleton Sheets in Value, Real Estate Market, mortgage broker, Lender, Housing Market, Home Valuation Code of Conduct, fair market value, Economy, borrower, appraiser, appraised value, appraisal on
Aug 24, 2009.
There has been much debate in the real estate community about how the Home Valuation Code of Conduct for appraisals that took effect May 1 is affecting the housing market. The role of appraisers in the subprime mortgage debacle has been closely analyzed ... especially the fact that some appraisers allegedly felt pressured to bump the price of homes upward by providing faulty valuations and to
Someone recently asked me my opinion on the so-called "shadow inventory" of foreclosures ... the bank-owned (REOs) foreclosures that aren't on the market yet. If you've read this Wall Street Journal article, you might come to the conclusion that it's a conspiracy by banks to "under-inflate" their inventory of REOs. Have banks been holding onto the properties because they don't want to
Posted by: Carleton Sheets in Real Estate, Lender, Economy, Bailout, Assistance on
Mar 13, 2009.
If you have listened to the news over the last few months, you've heard a lot about the Troubled Asset Relief Program (TARP). The media has painted a picture of banks greedily reaching out for our hard-earned taxpayer dollars to keep their doors open ... and then spending those dollars on lavish parties and golf outings. And I'm sure that may be the case with some banks, but not all. I read an
Last week, the Obama Adminstration put the new housing plan in effect. Under this part of the plan, lenders are given incentives for enacting loan modifications to lower monthly mortgage payments. These modifications would be available not only to borrowers who are currently late on their payments, but may also qualify borrowers who are current on payments but deemed "at risk." I was reading
One of my friends recently sent me a link to a series of videos, clips, and articles encouraging foreclosure victims to use "squatters rights" to stay in their homes. I think the proposition is quite interesting, and hope it provides a longer "breathing period" for distressed homeowners. I read that Ohio Congresswoman Marcy Kaptur is actively encouraging foreclosure victims to stay
Whether I'm reading the newspaper or reading articles online, I'm always looking for positive news. In a move that I think is a positive step forward, JPMorgan Chase has extended loan modifications to investor-owned loans. According to the article, loan modifications on investment properties could be anything from lowering the principal of the loan, to adjusting the interest rate or the payment
Posted by: Carleton Sheets in Rehab, Real Estate Market, Real Estate Investor, Real Estate, Lender, Investing in real estate, Interest Rate, Hard money, Credit crunch, Credit on
Nov 09, 2008.
My Coaches and staff members are fielding calls about the squeeze of the credit market every day. Let's face the facts ... it is difficult for many people to get a loan right now. Only those investors who have stellar credit and a down payment are able to take advantage of this market to buy properties at rock-bottom prices---at low rates of interest.
However, if you are like many investors,
Posted by: Carleton Sheets in Stock market, Real Estate Market, Real Estate Investor, Real Estate, Positive Thinking, Money, Lender, Credit crunch, Credit, Commercial Lending, Commercial Banking on
Oct 20, 2008.
In an article by Kenneth Harney that recently appeared in the Washington Post, he points out that amidst the crisis sweeping Wall Street, lenders are still originating loans for home mortgages.
This is great news for those buyers who are just venturing into the market---and also for real estate investors!
The article talks about how the Wall Street meltdown, especially the slow down of
Posted by: Carleton Sheets in Private, Money, Lender, Hard money on
Aug 28, 2008.
Has anyone every volunteered to give you money? Sounds crazy, but it can happen---especially when you have a proven track record as a real estate investor.
In this economy, there are many people who are dissatisfied with the returns they are getting on their 401(k)'s or stock investments. Some of them take matters into their own hands---by taking control of their own portfolios in the hopes of
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